Financial Crime Weekly Podcast

Christopher Kirkbride

Welcome to the Financial Crime UK Weekly podcast. I’m Chris Kirkbride and I lecture law. This is an introductory podcast to give you a guide as to the sort of things which we will be looking at on this podcast in the first week of every month. However, there will be specials and additional podcasts out of this sequence if something happens which is significant and deserves a special episode. So, what are the sort of things we’ll be talking about? Well, we will cover news, events, legal developments, and anything else that relates to financial crime, in the UK – obviously, because that is in the podcast title – but also in other jurisdictions. No man is an island and financial crime certainly does not respect national borders. Broadly, the coverage will be all aspects of: Fraud | Bribery | Market abuse and insider dealing | Money laundering and terrorist financing | Data and information theft | Cybercrime (phishing / smishing) and the challenges generated by fintech in terms of finance crime threats. While these might be financial crimes, strictly speaking, but that is not all. It is necessary to reflect on the responses to financial crime which the state adopts. While this is less about fines and imprisonment, we will focus on confiscation and recovery schemes, sanctions imposed on those who have committed financial crimes, together with arrangements designed to allow the offender to avoid/defer prosecution, namely, deferred prosecution agreements. Consideration will also be given to the regulatory architecture of financial crime, both domestic and international – as stated, financial crime does not respect borders – together with regulatory enforcement and aspects of the compliance industry – the industry which helps commercial entities stay on the right side of the law. Finally, and this is a particular interest of mine, but I am fascinated by the interface between criminal and civil law where the facts of an event could lead to prosecution or civil action. Consequently, while this is a financial crime podcast, we will also consider those situations where the civil law might bring about a robust response to financial wrongdoing. So, that’s it from me for now except to say that the podcast is available from the usual places, Google Podcasts, Spotify, iTunes, and others.

  1. Jul 23

    Financial Crime Weekly Episode 269

    Welcome to episode 269 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, there are major global developments across sanctions, money laundering, fraud, regulatory enforcement, and cyber security. In sanctions developments, OFAC clarified deposit requirements for Venezuelan earthquake relief, OFSI has updated its basic needs licensing guidance, and the EU has designated Russia's ABS Electro Group. On money laundering, the FATF has issued a targeted update warning of criminal exploitation of virtual assets, while on fraud, a businesswoman has been sentenced for pandemic loan fraud, and a major overhaul of the UK’s fraud prosecution system is urged. In Europe, BaFin has fined TeamViewer SE €240,000 for delayed cyberattack disclosure, and the European Commission published its seventh annual Rule of Law Report. The Serious Fraud Office in the UK has released its 2025-26 annual accounts highlighting operational and asset recovery milestones, and the Prudential Regulation Authority has fined HDI Global SE £4,165,000 for inaccurate data reporting. Finally, the BIS has warned of the asymmetric cyber threats posed by autonomous frontier AI models to the global financial system. A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.   The photograph on the podcast cover art is by Sora Shimazaki at Pexels, and the stinger sample between each news section is ‘Ben Logo 1’ by BenKirb from Pixabay.

    Financial Crime Weekly Episode 269
  2. Jul 19

    Financial Crime Weekly Episode 268

    Welcome to episode 268 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, the United Nations Security Council has blacklisted two entities and six armed group commanders operating in the Democratic Republic of the Congo, while the US Treasury designated over 50 targets and shipping vessels linked to the multi-jurisdictional oil network of Mohammad Hossein Shamkhani. Money laundering enforcement saw the US Department of Justice prosecute a $43 million Chinese "pig butchering" scam network and sentence two former TD Bank insiders for taking bribes to open fraudulent accounts, as the Financial Action Task Force (FATF) released a report warning of sophisticated criminal exploitation of virtual assets, decentralised finance (DeFi), and proprietary stablecoins. In fraud developments, US federal courts sentenced individuals across three unrelated government contracting, scrap metal, and COVID-19 tax credit schemes, while the UK's National Crime Agency secured convictions in a pandemic nitrile glove procurement fraud and collaborated with Nigerian authorities to arrest six celebrity-impersonating scammers. Finally, United Nations agencies are supporting anti-corruption programmes in Haiti and Kyrgyzstan through school integrity clubs and digital public sector solutions, as global authorities deploy coordinated indictments and prison terms, including cyberattack sentences for members of the "Scattered Spider" collective, to disrupt resilient cybercrime infrastructure and state-backed networks. A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.   The photograph on the podcast cover art is by Sora Shimazaki at Pexels, and the stinger sample between each news section is ‘Ben Logo 1’ by BenKirb from Pixabay.

    Financial Crime Weekly Episode 268
  3. Jul 16

    Financial Crime Weekly Episode 267

    Welcome to episode 267 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, there is significant global enforcement actions, regulatory updates, and compliance developments. In sanctions enforcement, the US has targeted Iranian financial networks, blocked state-owned Cuban entities, and made cyber designations. Concurrently, the UK expanded its sanctions to target Russian GRU officers, cybercriminals operating the "Lumma Stealer" malware, and staff of the Rybar media company, while also freezing Iranian-linked groups, and modifying sanctions for those with Russian ties. The UK has also extended the operation of a licence for sanctioned brokerages, while a study examines Russian fossil fuel exports. In other news from the UK, the three financial regulators have initiated joint supervisory oversight of major cloud infrastructure providers. In the US, there is the conviction of a Massachusetts man for illegally exporting sensitive dual-use microelectronics to Iran, the unsealing of a US indictment against three Russian nationals, and a guilty plea of a former media company Chief Financial Officer. Finally, the UK Covid-19 Public Inquiry report details approximately £10 billion in wasted PPE procurement and alleged favouritism in the VIP supply lanes. A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.   The photograph on the podcast cover art is by Sora Shimazaki at Pexels, and the stinger sample between each news section is ‘Ben Logo 1’ by BenKirb from Pixabay.

    Financial Crime Weekly Episode 267
  4. Jul 12

    Financial Crime Weekly Episode 266

    Welcome to episode 266 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, global developments in sanctions enforcement, regulatory compliance, enforcement actions, and cyber security policy. On sanctions, OFAC provides clarification on Russian sanctions, and starts the process to lift Syria's designation as a State Sponsor of Terrorism. In the UK, HMRC reports recovering over £4.2 billion from tax fraud and trade sanctions breaches in its latest annual notes. Under regulatory developments, the Financial Action Task Force has published a global review on the successes and barriers in anti-money laundering coalitions, while MONEYVAL has urged Armenia to strengthen its money laundering prosecutions. In fraud enforcement, a former Puerto Rico private equity fund manager has been indicted for alleged embezzlement, and INTERPOL makes arrests and intercepts millions in illicit assets. On market abuse, the FCA has intensified its crackdown on market abuse and social media "finfluencers". While on bribery and corruption, the OECD warns on Türkiye's persistent anti-bribery failures, alongside warnings from anti-corruption analysts on the proposed revival of the UK's investor visa scheme. Finally, a UK Treasury study challenges corporate boards to reframe cyber resilience. A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.   The photograph on the podcast cover art is by Sora Shimazaki at Pexels, and the stinger sample between each news section is ‘Ben Logo 1’ by BenKirb from Pixabay.

    Financial Crime Weekly Episode 266
  5. Jul 9

    Financial Crime Weekly Episode 265

    Welcome to episode 265 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, significant global developments in sanctions enforcement, regulatory assessments, and the evolving technological landscape of financial crime. In sanctions enforcement, both the European Union and the United Kingdom implemented restrictive measures targeting Russian military scientists and entities linked to chemical weapons, while the UK also amended its Russia sanctions registry and extended a maritime insurance wind-down licence. On the regulatory front, Australia's AUSTRAC entered into an enforceable undertaking with online bookmaker bet365, while MONEYVAL released compliance reports urging Slovenia to reinforce its money laundering prosecutions and noting Romania's progress under an enhanced follow-up process. Judicial and anti-corruption developments include a 27-month U.S. prison sentence for an insider trading scheme involving a securities filing agent, an OECD review of Latvia's foreign bribery enforcement, and UK case studies highlighting systemic legal hurdles in international bribery and civil asset recovery actions. Finally, authorities and industry experts are warning of rapid technological threats, marked by regulatory warnings on the cyber and fraud risks of advanced AI models, the launch of the UK's corporate Cyber Resilience Pledge, and the discovery of the first fully autonomous, AI-driven ransomware attack. A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.   The photograph on the podcast cover art is by Sora Shimazaki at Pexels, and the stinger sample between each news section is ‘Ben Logo 1’ by BenKirb from Pixabay.

    Financial Crime Weekly Episode 265
  6. Jul 5

    Financial Crime Weekly Episode 264

    Welcome to episode 264 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, coordinated international enforcement actions, strategic regulatory frameworks, and high-level institutional transitions highlight this week's global efforts to combat illicit finance. The United States Department of the Treasury designated a Brazilian financial network for allegedly laundering over $30 million in drug proceeds using cryptocurrency, while also issuing its annual filing reminder for blocked property. In Europe, the European Data Protection Board and the Anti-Money Laundering Authority began drafting joint guidelines to govern information sharing across the financial sector. Meanwhile, the United Kingdom assumed leadership of the Financial Action Task Force under Giles Thomson, who launched a dedicated roadmap to address global fraud, and the UK Trade Remedies Authority declined to disclose cyber breach data to prevent exploitation by threat actors. Finally, the week's domestic and developmental highlights include federal prison sentences for four individuals involved in a public corruption scheme in South Carolina, alongside a United Nations Development Programme analysis connecting national cybersecurity commitments to measurable GDP per capita growth. A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.   The photograph on the podcast cover art is by Sora Shimazaki at Pexels, and the stinger sample between each news section is ‘Ben Logo 1’ by BenKirb from Pixabay.

    Financial Crime Weekly Episode 264

About

Welcome to the Financial Crime UK Weekly podcast. I’m Chris Kirkbride and I lecture law. This is an introductory podcast to give you a guide as to the sort of things which we will be looking at on this podcast in the first week of every month. However, there will be specials and additional podcasts out of this sequence if something happens which is significant and deserves a special episode. So, what are the sort of things we’ll be talking about? Well, we will cover news, events, legal developments, and anything else that relates to financial crime, in the UK – obviously, because that is in the podcast title – but also in other jurisdictions. No man is an island and financial crime certainly does not respect national borders. Broadly, the coverage will be all aspects of: Fraud | Bribery | Market abuse and insider dealing | Money laundering and terrorist financing | Data and information theft | Cybercrime (phishing / smishing) and the challenges generated by fintech in terms of finance crime threats. While these might be financial crimes, strictly speaking, but that is not all. It is necessary to reflect on the responses to financial crime which the state adopts. While this is less about fines and imprisonment, we will focus on confiscation and recovery schemes, sanctions imposed on those who have committed financial crimes, together with arrangements designed to allow the offender to avoid/defer prosecution, namely, deferred prosecution agreements. Consideration will also be given to the regulatory architecture of financial crime, both domestic and international – as stated, financial crime does not respect borders – together with regulatory enforcement and aspects of the compliance industry – the industry which helps commercial entities stay on the right side of the law. Finally, and this is a particular interest of mine, but I am fascinated by the interface between criminal and civil law where the facts of an event could lead to prosecution or civil action. Consequently, while this is a financial crime podcast, we will also consider those situations where the civil law might bring about a robust response to financial wrongdoing. So, that’s it from me for now except to say that the podcast is available from the usual places, Google Podcasts, Spotify, iTunes, and others.