Podcasts about Serious Fraud Office

The Serious Fraud Office has launched a new online platform for anonymous reporting of suspected foreign bribery. The reporting tool unveiled as part of a national campaign to raise awareness and to encourage reporting fraud cases. Victor Waters reports.

Hello, and welcome to episode 151 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. After a few quiet weeks, the news has increased this week. On sanctions, new designations aimed at the usual targets in the US, as well as enforcement news. The UK has amended some licences, as well as having issued new designations. On money laundering AUSTRAC has made a number of updates to its website, and Transparency International reflects on anti-money laundering reform in Switzerland. On fraud news, Stop Scams UK has issued a joint statement, while the APPG on Fair Banking has published a report on APP fraud. On bribery and corruption news, reports on the scale of hospitality on offer to those around government, while departures from the SEC in the US hit the news wires. In relation to other financial crime news, a Business Plan from the Serious Fraud Office, and the National Crime Agency has published its annual plan. There is also a round-up of cybercrime news.A transcript of this podcast, with links to the stories, will be available by Monday at www.crimes.financial.

Asil Nadir returns to his beloved London determined to clear his name. But he's facing a new opponent. With the Serious Fraud Office's reputation in tatters, its new Head needs a big win - and locking up Nadir would be just the ticket.Do you have a suggestion for a scandal you would like us to cover? Or perhaps you have a question you would like to ask our hosts? Email us at britishscandal@wondery.comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

I reckon most of us, when we fill out the census papers, assume that the information we're providing won't end up in the wrong hands. I know there are some people who don't feel like that. People who just don't want to give personal information to anyone - especially the government. Or the state. The Wizard of Christchurch was known over the years for refusing to take part in the census. And, in more recent years, we've had people who just can't be bothered. They're the ones who ended up getting things like Warriors tickets and pressie cards to do what the rest of us just do anyway. But I reckon after these revelations that have come out over the last 24 hours, it's going to take more than tickets to sports matches and shopping vouchers to get people involved next time the census comes around. What's more, I think the public service has got a major job on its hands to restore public trust. In fact, that may turn out to be the biggest job the recently new head of the public service —Sir Brian Roche— has on is plate. Because once you lose trust, it's very hard to restore it. I haven't lost trust (not yet anyway), but I'm certainly losing confidence in the public service when it comes to keeping my information secure. And this latest example could actually be the tipping point for me. But essentially, an inquiry has found multiple flaws in the way public service agencies protected personal information provided to third party contractors hired to help with the 2023 Census and a Covid vaccination drive. We don't know whether any of this personal information was “misused”, but what we do know is that, as Sir Brian puts it, “the gate was left open” for it to be misused. And what Sir Brian calls “very sobering reading” could be about to get worse. That's because there are other investigations into how other government agencies including the police, the Serious Fraud Office and the privacy commissioner use our personal information. So what impact is going to have an impact on your trust in the public service and is it going to have an impact on your willingness to share personal information with the state? Let me quote Sir Brian directly, because there are two words that I think are the focus for us. He says: "The report makes for very sobering reading. It raises a number of issues that go to the core of the confidence and trust required to maintain the integrity and sanctity of information entrusted to government agencies.” The two key words there are trust and confidence. Here's where I'm at with that. Sir Brian says the public service has pretty much failed to keep up with technological changes. And what he's getting at is that it is so much easier these days to share information. For example, if someone working in the public service can access someone's information, what is there to stop them sending that around a few people? Not much. And when I heard Sir Brian talking about that, that is when I decided that the public service still has my trust. If I said to you that I didn't trust them, that would be because I believed that there were public sector workers helping themselves to my personal information en masse and doing what they want with it. Intentionally. But I don't think that, even after the revelations of the past 24 hours. But what I do think is that it has become so much easier for information to be passed on at the click of a mouse at lightning speed and that's where I think the public service has been found to be pretty hopeless. So for me, I still trust the public sector, but my confidence in it is another story. See omnystudio.com/listener for privacy information.

Background: Z/Yen's "Focus On" series highlights key business and financial centres from around the world. Here, we look at Ho Chi Minh City, Vietnam's most populous city and largest financial centre. This city is also known as the “Pearl of the Far East” with the charming heritage, dynamic, vibrant and innovative atmosphere, and friendly people. Vietnamese government sets out the goal to be a high-income country by 2045 and reach net-zero emissions by 2050. They also strive to turn Ho Chi Minh City into the international financial center (IFC) by 2045 and create distinct institutional areas for attracting foreign investors. Vietnam's Prime Minister is now leading the steering committee of the IFC project and this shows the government's determination. The IFC in Vietnam will provide opportunities to UK businesses in terms of expertise sharing, trade and investment. Speakers: Dominic Scriven's investing career spans nearly 40 years across London, Hong Kong and Vietnam. He studied at Hanoi University for two years before founding Dragon Capital in 1994. He has received an OBE from the British Queen, and a Labour Medal from the President of Vietnam. Dominic Scriven holds a Combined Honours degree in Law and Sociology from Exeter University. Nguyen Thuy Hanh has over 30 years of banking experience in Vietnam. Hanh leads the client coverage and product teams focused on driving the growth strategy for the bank's clients, people, shareholders, and communities. Under her leadership, the bank provides the banking products and services to 3 client groups through various product lines including, but not limited to transaction banking, financial market, capital market, securities services, M&A advisory, rating advisory, and ESG etc. She is also working closely with Vietnam government bodies, and market participants to implement the JETP and contribute to deliver the commitment of Vietnam in achieving net zero emissions by 2050. Hanh has held various important positions in SCB, including Head of Financial Institutions - Vietnam, Laos, and Cambodia (2010 - 2015); Deputy General Director - Head of International Corporate and Financial Institutions (2016 – 2017); Managing Director - Head of Commercial Banking (2018 – 2020); Managing Director - Head of CIB Client Coverage (2020 – 30/9/2024) and CEO & Head of Corporate and Investment Banking, Vietnam (1/10/2024 – Now). Hanh holds a Master of Business Administration of Solvay Brussels School of Economics and Management - Université Libre de Bruxelles. Andrew Oldland is a senior lawyer specialising in international financial regulation. He is a partner in the UK law firm Michelmores and was the firm's Senior Partner between 2017 and 2021. Andrew is ranked by the Legal 500 directory as a "Leading Individual". Andrew is a barrister, a King's Counsel and a part-time judge sitting in civil/commercial and criminal cases. He previously held a number of senior UK government roles as independent counsel including the Attorney-General's A list of counsel, standing counsel to His Majesty's Revenue & Customs and the Serious Fraud Office's list of counsel. Andrew has advised a number of governments on financial regulation, particularly in respect of common law based international financial centres.

This episode explores the potential of whistleblower reward programmes to transform economic crime investigations. CFS Director Tom Keatinge is joined by Eliza Lockhart, Research Fellow at CFS, and Nick Ephgrave, Director of the Serious Fraud Office, to discuss Eliza's SOC ACE research paper, ‘The Role of Financial Rewards for Whistleblowers in the Fight Against Economic Crime'. Together, they examine how financial incentives could empower whistleblowers, tackle economic crime and drive cultural and systemic change in the UK. Read the full paper

Hello, and welcome to the first episode 141 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. This week has been a quiet week, which in some cases will be due to the collective holding-of-breath following the change of administration in the US. That said, there have been some sanctions designations from the US, and money laundering warnings issued by the regulator in the UK. There is a fine for Danske Bank issued by the Norwegian financial services regulator for market manipulation, and in the UK, the Serious Fraud Office has obtained its first Unexplained Wealth Order. We end this week with a limited amount of cyber news.A transcript of this podcast is available at www.crimes.financial, with links to the stories.

Dive into the latest episode of the Ankura podcast with Sasi-Kanth Mallela as he hosts a discussion with Satnam Tumani, Partner at Edmonds Marshall McMahon, and Tapan Bebnath, Head of Integrity, Regulatory Affairs & Data Privacy - Process Automation at ABB. These experts, all former members of the Serious Fraud Office, share their invaluable insights on navigating high-stakes investigations and dealing with global authorities. Tune in to discover: How the UK reached its current stance on corporate cooperation with authorities, especially the SFO Real-world experiences of engaging with the authorities Key considerations when deciding to self-report

Morse code transcription: vvv vvv Serious Fraud Office probe 112m Unite union hotel Man arrested in Brantham dog walker murder case New workers rights to cost firms 5bn a year, government says Mohamed Al Fayed Harrods settling more than 250 claims against former owner Single patient records at heart of NHS 10 year plan Why Australian senator Lidia Thorpe heckled King Charles Prostate cancer symptoms and treatment What to check for Two trains crash in Powys blocking lines and closing road Suella Braverman sent government documents to private email 127 times Chris Kaba shooting Firearms officer not guilty of murder

Morse code transcription: vvv vvv Single patient records at heart of NHS 10 year plan Serious Fraud Office probe 112m Unite union hotel Why Australian senator Lidia Thorpe heckled King Charles Mohamed Al Fayed Harrods settling more than 250 claims against former owner Man arrested in Brantham dog walker murder case Two trains crash in Powys blocking lines and closing road Suella Braverman sent government documents to private email 127 times Chris Kaba shooting Firearms officer not guilty of murder New workers rights to cost firms 5bn a year, government says Prostate cancer symptoms and treatment What to check for

Morse code transcription: vvv vvv Single patient records at heart of NHS 10 year plan Why Australian senator Lidia Thorpe heckled King Charles Prostate cancer symptoms and treatment What to check for Serious Fraud Office probe 112m Unite union hotel Man arrested in Brantham dog walker murder case Two trains crash in Powys blocking lines and closing road New workers rights to cost firms 5bn a year, government says Suella Braverman sent government documents to private email 127 times Chris Kaba shooting Firearms officer not guilty of murder Mohamed Al Fayed Harrods settling more than 250 claims against former owner

Morse code transcription: vvv vvv Two trains crash in Powys blocking lines and closing road Mohamed Al Fayed Harrods settling more than 250 claims against former owner Chris Kaba shooting Firearms officer not guilty of murder New workers rights to cost firms 5bn a year, government says Serious Fraud Office probe 112m Unite union hotel Prostate cancer symptoms and treatment What to check for Why Australian senator Lidia Thorpe heckled King Charles Single patient records at heart of NHS 10 year plan Man arrested in Brantham dog walker murder case Suella Braverman sent government documents to private email 127 times

It began as a routine investigation into a multinational called ENRC. It became a decade-long saga that has rocked the UK's financial crime agency. Now new documents illuminate a case that has rewritten UK law and is set to end with a huge bill handed to taxpayers. By Tom Burgis. Help support our independent journalism at theguardian.com/longreadpod

Hello, and welcome to episode 123 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. On sanctions this week, the US has made a host of additional designations against Russian individuals and entities. On corruption, there is more out of China and its fight against corruption at all levels of society, and a Report from GRECO on Italy. The money laundering news comes from the US, and also from Nigeria, where the government has made assurances on its strategy for exiting the FATF ‘Grey List'. The fraud news from the UK concerns Covid-19 fraudsters and there is a report from New Zealand concerning reductions in headcount at the Serious Fraud Office. In other financial crime news, a research paper on the future of the UK Serious Fraud Office, and we end with cyber-attack news respecting transportation portals.A transcript of this podcast is available at www.crimes.financial, with links to the stories.

Hello, and welcome to episode 119 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. There has been an unusual uptick, certainly for the summer months, in financial crime news this week. On sanctions this week, the NCA secures its first sanctions-related forfeiture, and the EU and US have added to their designations. On bribery and corruption, the SFO in the UK has announced charges against five former executives of Glencore, and the High Court has some tough words regarding the behaviour of professionals and institutions in the ‘tuna bond' action brought by Mozambique. On fraud news, there's more Covid-19 recovery fund abuse from the US, and the imprisonment of a tech scammer. There is also a decent amount of market abuse news from the SEC in the US, and the Securities and Futures Commission in Hong Kong, and in other news, the NCA in the UK has announced a new data sharing scheme and the SFO has published its annual report and accounts. There is also a round-up of the cyber-attack news this week. As usual, I have linked the main stories flagged in the podcast in the description. These are: Cayman Islands, Beneficial Ownership Transparency Act 2023.Commodities and Futures Trading Commission's Office of Customer Education and Outreach, CFTC Warns Customers to Watch for Follow-on Frauds.Council of the European Union, Sanctions against terrorism: Council renews the EU Terrorist List and designates a new entity.Department of Justice, Caledonia man sentenced for COVID loan fraud.Department of Justice, KC Woman Pleads Guilty to $900,000 Covid Fraud Scheme.Department of Justice, United States v. Andrew Left.Department of Justice, Leader Of Tech Support Fraud Scheme Sentenced To Seven Years In Prison.Department of Justice, Deputy Attorney General Lisa Monaco Delivers Remarks on New Corporate Whistleblower Awards Pilot Program.FinCEN, FinCEN Issues Notice to Financial Institution Customers on Beneficial Ownership Information Requirements.FinCEN, Notice to Customers: Beneficial Ownership Information Reference Guide.Foreign, Commonwealth and Development Office, The UK Sanctions List: Search Function.Information Commissioner's Office, Reprimand: The Electoral Commission.National Crime Agency, NCA recovers £780,000 in the first UK forfeiture of sanctioned funds.National Crime Agency, Ground breaking public private partnership launched to identify criminality using banking data.National Crime Agency, Cross-System Professional Enablers Strategy 2024-2026.National Crime Agency, NCA shuts down major fraud platform responsible for 1.8 million scam calls.Ocorian, Cayman Islands modernises beneficial ownership regime to align with global standards.Office of Financial Sanctions Implementation, General Licence – Continuation of Business of Evraz Plc's North American Subsidiaries: INT/2022/1710676.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Yemen.Office of Financial Sanctions Implementation, Guidance: OFSI General licence INT/2024/4919848.Office of Foreign Assets Control, Treasury Targets Iranian Missile and UAV Procurement Facilitators.Office of Foreign Assets Control, Treasury Targets Houthi Weapons Procurement Networks.Securities and Exchange Commission, SEC Charges Andrew Left and Citron Capital for $20 Million Fraud Scheme.Securities and Exchange Commission, SEC Charges Founder of Social Media Company “IRL” with $170 Million Fraud.Securities and Futures Commission of Hong Kong, Former banker ordered to disgorge $3 million illegal gains from insider dealing.Serious Fraud Office, Annual Report & Accounts 2023-24 (press release).Serious Fraud Office, Annual Report and Accounts 2023-2024.Serious Fraud Office, SFO charges five former Glencore employees.Spotlight on Corruption, New report finds UK's enforcement of sanctions is “all bark and no bite” (press release).Spotlight on Corruption, All Bark and No Bite: Taking Stock of the UK's Enforcement of Sanctions.UK government, National Crime Agency main estimate memorandum 2024 to 2025.UK judgments, The Republic of Mozambique v Credit Suisse International and Others [2024] EWHC 1957 (Comm).

In this extraordinary conversation Ian Foxley, a retired army lieutenant colonel and founder of Parrhesia, shares his experience as a whistleblower in the Airbus corruption scandal. He discovered wrongdoing while working as a program director for an Airbus subsidiary in Saudi Arabia. He found irregularities in the budget, questionable projects, and secret payments to subcontractors. When he reported his findings to the MOD, he faced threats and had to escape the country. He later provided evidence to the MOD Fraud Squad and the Serious Fraud Office, leading to a criminal investigation into Airbus. Airbus was fined €3.6 billion, and GPT, the subsidiary, pleaded guilty to corruption. Ian Foxley discusses the aftermath of blowing the whistle on corruption in defense procurement, including the legal proceedings and trials that took place. He emphasizes the need to hold government departments accountable for their involvement in corruption and calls for transparency and personal accountability. The conversation also touches on the challenges faced by whistleblowers, including the impact on their careers and personal lives. Foxley shares his own experiences and highlights the importance of a strong support network. He concludes by discussing the work of Parrhesia, an organization he founded to advocate for whistleblower protection and contribute to policy changes. https://www.parrhesia.org.uk/ (Parrhesia is an Ancient Greek term meaning “to speak freely” implying not only freedom of speech, but the obligation to speak the truth for the common good, even at great personal risk.) Keywordswhistleblower, Airbus, corruption, Saudi Arabia, budget, subcontractors, threats, escape, evidence, investigation, fine, guilty plea, whistleblowing, corruption, defense procurement, accountability, government departments, trials, support network, Parheesia

In this extraordinary conversation Ian Foxley, a retired army lieutenant colonel and founder of Parrhesia, shares his experience as a whistleblower in the Airbus corruption scandal. He discovered wrongdoing while working as a program director for an Airbus subsidiary in Saudi Arabia. He found irregularities in the budget, questionable projects, and secret payments to subcontractors. When he reported his findings to the MOD, he faced threats and had to escape the country. He later provided evidence to the MOD Fraud Squad and the Serious Fraud Office, leading to a criminal investigation into Airbus. Airbus was fined €3.6 billion, and GPT, the subsidiary, pleaded guilty to corruption. Ian Foxley discusses the aftermath of blowing the whistle on corruption in defense procurement, including the legal proceedings and trials that took place. He emphasizes the need to hold government departments accountable for their involvement in corruption and calls for transparency and personal accountability. The conversation also touches on the challenges faced by whistleblowers, including the impact on their careers and personal lives. Foxley shares his own experiences and highlights the importance of a strong support network. He concludes by discussing the work of Parrhesia, an organization he founded to advocate for whistleblower protection and contribute to policy changes. https://www.parrhesia.org.uk/ (Parrhesia is an Ancient Greek term meaning “to speak freely” implying not only freedom of speech, but the obligation to speak the truth for the common good, even at great personal risk.) Keywordswhistleblower, Airbus, corruption, Saudi Arabia, budget, subcontractors, threats, escape, evidence, investigation, fine, guilty plea, whistleblowing, corruption, defense procurement, accountability, government departments, trials, support network, Parheesia

Hello, and welcome to episode 105 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. This week has been yet another busy week for financial crime, which as I've still been ill, I still have done without. Sanctions news brings coordinated action against the Iranian drone production, and its suppliers. On bribery, more news on China and Ukraine getting their houses in order. The money laundering news comes with warnings on the role of cash couriers in funding terrorism, and some trouble in the EU over the FATF's grey list and jurisdictions recently removed from it. There are also stories on the scale of government fraud in the US, and in the UK, the Serious Fraud Office has published its strategy for the next five years. There is also a round-up of this week's cyber news. Let's crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Council of the European Union, Why the EU adopts sanctions.Delegation of the European Union to Uzbekistan, European Union, EU Consortium and UNDP join efforts to support the anti-corruption effort of the Government of Uzbekistan.Department for Education, Policy paper – DfE counter-fraud policy: summary.European Parliament, Adoption of new rules to combat money laundering.European Parliament, New EU rules to combat money-laundering adopted.Financial Conduct Authority, Consultation Paper CP24/9***: Financial Crime Guide Updates.National Cyber Security Centre, Exploitation of vulnerability affecting Palo Alto GlobalProtect Gateway.National Cyber Security Centre, Pathways: exploring a new way to achieve Cyber Essentials certification.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Iran.Office of Financial Sanctions Implementation, Guidance: Legal Services General Licence.Serious Fraud Office, SFO Strategy 2014 – 2019.South African Government, Non-profit Sector in South Africa Assessed for Exposure to Terrorist Financing Risk (press release).South African Government, Terrorist Financing: Risk Assessment for the Non-profit Organisation Sector in South Africa.The Guardian, Peter Hain calls for inquiry into MoD's alleged role in Saudi bribes scandal.Transparency International, Unfinished Business: Despite FATF Money Laundering List exit, UAE has much to prove.UK government, UK targets Iran's ability to launch drones through new round of sanctions.US Department of Justice, Two Florida Steel Traders Sentenced for Money Laundering and Russia-Ukraine Sanctions Violations.US Department of Justice, Former Comptroller General of Ecuador Convicted for $10M International Bribery and Money Laundering Scheme.US Department of Justice, Laboratory Owners Charged in $36M COVID-19 Testing Fraud Scheme.US Department of State, United States Imposes Sanctions on Suppliers Contributing to Ballistic Missile Proliferation.US Department of State, U.S. Imposes Sanctions on Suppliers to Pakistan's Ballistic Missile Program.US Department of the Treasury, Treasury Designates Entities Involved in Raising Funds for Violent Extremists in the West Bank.US Department of the Treasury, G7 Cyber Expert Group Conducts Cross-Border Coordination Exercise in the Financial Sector.US Department of the Treasury, G7 Cyber Expert Group Conducts Cross-Border Coordination Exercise in the Financial Sector.US Department of the Treasury, Treasury Targets Networks Facilitating Illicit Trade and UAV Transfers on Behalf of Iranian Military.US Government Accountability Office, Fraud Risk Management: 2018-2022 Data Show Federal Government Loses an Estimated $233 Billion to $521 Billion Annually to Fraud, Based on Various Risk Environments.US Government Accountability Office, Report to Congressional Committees: Fraud Risk Management.US Office of Foreign Assets Control, Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and SCG Plastics Co., Ltd.US Office of Foreign Assets Control, Treasury Designates Iranian Cyber Actors Targeting U.S. Companies and Government Agencies.World Bank, Unveiling the hidden: The crucial role of beneficial ownership registers in promoting transparency and accountability.

In his first broadcast interview, Ken Macdonald and Tim Owen discuss fraud, whistleblowers and disclosure with new Director of the Serious Fraud Office, Nick Ephgrave QPM.

The question is being raised of whether Winston Peters is owed an apology after the Serious Fraud Office's case against the New Zealand First Foundation failed.  The SFO took the party's foundation to the Court of Appeal over two men —who have continuing name suppression— who handled the party's donations.  Peters wants an apology from the SFO, but one legal professional says he shouldn't get one.  Constitutional law expert Andrew Geddis told Mike Hosking that the office did the right thing.  He says they had to act, and the foundation's actions were unlawful.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

On the Mike Hosking Breakfast Full Show Podcast for Wednesday 27th March 2024, Mike looked at China hacking our systems and questioned whether we should be surprised by the government's “revelation.” Social Development Minister Louise Upston talked the employment challenges facing the country as the next brain drain phase begins. Mike was baffled by a "new" feature on his car that's been around for years. Ginny Andersen and Mark Mitchell joined Politics Wednesday to talk supermarket thefts, SailGP and red tape, and whether Winston Peters is owed an apology over his Serious Fraud Office case. Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Winston Peters is threatening to refuse interviews with RNZ, unless it apologises over its reporting on his Party. The Court of Appeal has dismissed a Serious Fraud Office bid to overturn a court ruling two men were NOT guilty of obtaining hundreds of thousands of dollars by deception for the New Zealand First Foundation. The money wasn't deemed a 'donation', because the funds weren't deposited into the Party's account. Party leader Peters claims the media ran 'attacks' on NZ First, and says RNZ won't get away with it. "You'll see what I do- because if they think that they are not going to be held accountable, they couldn't be more wrong." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Fraud is the UK's most common crime. But despite 3.5 million incidents reported in 2022/23, 40% of all reported crimes, only one in a thousand results in a charge or summons. So why is there such a huge gap between preventing, detecting and prosecuting this crime – and what can be done to fix the problem? A wide range of organisations have responsibility for tackling fraud, including the Home Office, National Crime Agency, Serious Fraud Office, City of London Police, Metropolitan Police Service, Financial Conduct Authority and the National Cyber Security Centre. However, there are problems with coordination, capacity and capability. So what can government and others do to help prevent fraud? How can coordination among the various agencies responsible for tackling fraud be improved? And what steps could be taken to help increase detection and prosecution rates? We were joined by an expert panel, including: • Francesca Carlesi, CEO of Revolut UK • Adrian Searle, Director of the National Economic Crime Centre • Nick Stapleton, Co-Presenter of BBC Scam Interceptors • Rt Hon Emily Thornberry MP, Shadow Attorney General The event was chaired by Nick Davies, Programme Director at the Institute for Government Learn more about your ad choices. Visit podcastchoices.com/adchoices

Fraud is the UK's most common crime. But despite 3.5 million incidents reported in 2022/23, 40% of all reported crimes, only one in a thousand results in a charge or summons. So why is there such a huge gap between preventing, detecting and prosecuting this crime – and what can be done to fix the problem? A wide range of organisations have responsibility for tackling fraud, including the Home Office, National Crime Agency, Serious Fraud Office, City of London Police, Metropolitan Police Service, Financial Conduct Authority and the National Cyber Security Centre. However, there are problems with coordination, capacity and capability. So what can government and others do to help prevent fraud? How can coordination among the various agencies responsible for tackling fraud be improved? And what steps could be taken to help increase detection and prosecution rates? We were joined by an expert panel, including: Francesca Carlesi, CEO of Revolut UK Adrian Searle, Director of the National Economic Crime Centre Nick Stapleton, Co-Presenter of BBC Scam Interceptors Rt Hon Emily Thornberry MP, Shadow Attorney General The event was chaired by Nick Davies, Programme Director at the Institute for Government. We would like to thank Revolut for kindly supporting this event.

Documents released in a Serious Fraud Office court case showed suspicious payments on Saudi Arabian defence deals going back decades. David Pegg reports. Help support our independent journalism at theguardian.com/infocus

Hello, and welcome to episode 98 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. It is yet another busy week for financial crime, so I think we'll just get on with it. Lots to get through, so let's crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Bailiwick of Guernsey Financial Intelligence Unit, Annual Report 2023.Companies House, Companies House begins phased roll out of new powers to tackle fraud.Department of Health and Human Services, HHS Statement Regarding the Cyberattack on Change Healthcare.Department of Justice (Office of Public Affairs), Commodities Trading Company Will Pay Over $661M to Resolve Foreign Bribery Case.Department of Justice, Leesburg man pleads guilty to COVID relief fraud scheme.Department of Justice, Brooklyn Woman Sentenced To 33 Months In Prison For Multifaceted COVID-19 Fraud Scheme.Department of Justice, Broward Sheriff's Office deputy convicted at trial of COVID-19 relief fraud.Department of Justice, Man Charged for $10M COVID-19 Relief Fraud Scheme.Department of State, Sanctioning Human Rights Abusers and Corrupt Actors, and Termination of Zimbabwe Sanctions Authority.Department of the Treasury, Treasury Sanctions Zimbabwe's President and Key Actors for Corruption and Serious Human Rights Abuse.Eurojust, Support to halt money laundering in Italy via tax fraud and fake invoices.European Public Prosecutor's Office, Annual Report 2023: EPPO warns that serious organised crime continues to feast on EU revenue.European Public Prosecutor's Office, Annual Report 2023.Federal Communications Commission, FCC & U.K. Ofcom to Partner in Fight Against Scam Calls & Texts.Financial Conduct Authority, FCA warns firms over anti-money laundering failings (press release).Financial Conduct Authority, Dear CEO Letter: Annex 1 Firms.Financial Conduct Authority, High Court allows the FCA to pause civil case against WealthTek LLP.Foreign, Commonwealth and Development Office, Policy paper – Post-Legislative Scrutiny Memorandum: Sanctions and Anti-Money Laundering Act 2018.Home Office, Biggest ever crackdown on money mules in the UK.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.Office of Foreign Assets Control, Treasury Sanctions Members of the Intellexa Commercial Spyware Consortium.Office of Foreign Assets Control, Treasury Targets Companies and Vessels Facilitating Qods Force and Houthi Commodity Shipments.UK legislation, The Economic Crime and Corporate Transparency Act 2023 (Commencement No. 2 and Transitional Provision) Regulations 2024 SI No 269.National Cyber Security Centre, Connected Places Cyber Security Principles.National Cyber Security Centre, New 'Connected Places' infographic published.Serious Fraud Office, SFO secures conviction of former MoD official for taking £70k in secret kickbacks.Spotlight on Corruption, Acquittal of two men for making corrupt payments on UK-Saudi arms deal must lead to full independent inquiry into UK government's role.White House, Statement by National Security Council Spokesperson Adrienne Watson on U.S. Sanctions on Zimbabwean Individuals and Entities.Wolfsberg Group, Publication of the updated Country Risk FAQs.Wolfsberg Group, Country Risk Frequently Asked Questions (FAQs).

Bribery and corruption are set to head the agenda for law enforcers and corporate compliance departments in 2024, with a raft of new statutes and orders making for a particularly demanding environment. The UK's Economic Crime and Corporate Transparency Act, passed in October 2023, is the most important British legal reform on economic crime, fraud, bribery and corruption in more than a century.In the United States, the Treasury Department in December 2023 outlined plans to target corruption in 2024. To mark International Anti-Corruption Day, Treasury published a fact sheet detailing its plans to tighten the U.S. anti-money-laundering regime. It will also continue providing guidance to help financial institutions detect and report corruption-linked activity.In this episode, Brett Wolf, U.S. anti-money-laundering reporter for Regulatory Intelligence, and Nick Kochan, a freelance journalist, join Alexander Robson, managing editor, to discuss the legislative agenda and its implications for anti-corruption professionals. They also address the likely direction of the Serious Fraud Office under its new director, as well as upcoming elections in the UK and United States.Regulatory Intelligence published outlook pieces throughout January, including one on bribery and corruption.LinksEconomic Crime and Corporate Transparency Act: www.legislation.gov.uk/ukpga/2023/56/enactedH.R.4737 - Foreign Extortion Prevention Act: https://www.congress.gov/bill/117th-congress/house-bill/4737?s=1&r=29Behind the Regulatory Intelligence paywallOUTLOOK 2024-Bribery and corruption high on law enforcement agenda in UK, U.S.: http://go-ri.tr.com/VpZMGsFACT SHEET: U.S. DEPARTMENT OF THE TREASURY ACTIONS TO PREVENT AND DISRUPT CORRUPTION: http://go-ri.tr.com/vPjf5OContact us:alexander.robson@thomsonreuters.combrett.wolf@thomsonreuters.comauthor@kochan.co.ukhttps://legal.thomsonreuters.com/en/products/regulatory-intelligence Compliance Clarified is a podcast from Thomson Reuters Regulatory Intelligence.Listen to wide-ranging, insightful discussions on all things compliance for financial services firms. We delve into the hot topics of the day, the challenges faced and offer up practical ideas for emerging good practice. We de-mystify regulation and explore the art, as well as the science, of the ever-expanding role of the compliance officer.  Enforcements, digital transformation, regulatory change, governance, culture, conduct risk – anything and everything impacting the compliance function is up for discussion.

Hello, and welcome to episode 89 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. It's yet another busy week of financial crime news, so I'm just going to get on with it. As usual, I have linked the main stories flagged in the podcast in the description. These are: AUSTRAC, Top tips for completing your 2023 compliance report.Commodity Futures Trading Commission, Federal Court Enters Order Against Binance and Former CEO, Zhao, Concluding CFTC Enforcement Action.Council of Europe, New ISBN Publication - Means To Counter Education Fraud - Etined Volume 7.Council of Europe, Means To Counter Education Fraud: Legislation, practices and instruments: Volume 7.Council of the European Union, Anti-money laundering: Council and Parliament agree on procedure to select seat for new authority.Department of Justice, Former Special Agent In Charge Of The New York FBI Counterintelligence Division Sentenced To 50 Months In Prison For Conspiring To Violate U.S. Sanctions On Russia.Department of Justice, Metro-Atlanta man pleads guilty to money laundering of COVID-19 unemployment funds.Department of Justice, Dallas County individuals indicted in investment fraud and money laundering scheme.Department of Justice, United Kingdom Citizen Extradited to Face Charges in $99 Million Wine Fraud.Department of Justice, Seven Individuals Indicted on Fraud and Money Laundering Charges Relating to International Lottery Scam Targeting Elderly.Department of Justice, Justice Department Announces Crackdown on Networks That Steal Money from Consumer Accounts and Use Fraudulent “Microtransactions” to Hide the Activity from Banks.Department of Justice, Manvel resident charged for creating fake businesses to obtain COVID-19 funds.Department of Justice, Man Charged for $2M COVID-19 Relief Fraud Scheme.Department of the Treasury, Remarks by Under Secretary for Terrorism and Financial Intelligence Brian Nelson at Bank Roundtable in Mumbai, India.European Commission, EU adopts 12th package of sanctions against Russia for its continued illegal war against Ukraine.European Council, Russia's war of aggression against Ukraine: EU adopts 12th package of economic and individual sanctions.Europol, IOCTA – Online Fraud Schemes: A Web of Deceit.Financial Crimes Enforcement Network, Beneficial Ownership Information Access and Safeguards.Insolvency Service, Couple sentenced for abusing Covid loan then dissolving their company.Insolvency Service, Annual Report and Accounts 2022-2023.Interpol, USD 300 million seized and 3,500 suspects arrested in international financial crime operation.Office of Financial Sanctions Implementation, Financial Sanctions Notice (Iran).Office of Financial Sanctions Implementation, Financial Sanctions Notice (Russia).Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK?Office of Financial Sanctions Implementation, General Licences.Office of Financial Sanctions Implementation, OFSI Publishes Details of Frozen Asset Reporting for Financial Year 2022-23.Office of Financial Sanctions Implementation, Guidance: Russian Oil Services ban.Office of Financial Sanctions Implementation, Financial Sanctions Notice (Russia).Office of Financial Sanctions Implementation, Updates to Correspondent Banking Restrictions (blog post).Office of Financial Sanctions Implementation, UK Financial Sanctions: General guidance for financial sanctions under the Sanctions and Anti-Money Laundering Act 2018.Office of Financial Sanctions Implementation, Russia Guidance: Guidance for the financial and investment restrictions in Russia (Sanctions) (EU Exit) Regulations 2019.Office of Financial Sanctions Implementation, OFSI enforcement and monetary penalties for breaches of financial sanctions: Guidance.Office of Financial Sanctions Implementation, General Licence – Continuation of Business of Evraz plc's North American Subsidiaries (INT/2022/1710676).Office of Foreign Assets Control, Treasury Sanctions Human Smuggling and Drug Trafficking Organization Operating on Southwest Border.Office of Foreign Assets Control, Treasury Tightens the Price Cap with New Sanctions and Updated Guidance.Payment Systems Regulator, PSR continues to take bold action on APP fraud as it publishes final reimbursement details ahead of 2024 implementation.Securities and Exchange Commission, SEC Charges Former CEO of Medical Device Startup Stimwave with $41 Million Fraud.UK Judgments, Ames v Rex (Serious Fraud Office) [2023] EWCA Crim 1463.UK Judgments, Eurasian Natural Resources Corporation Limited v Dechert LLP, David Neil Gerrard, and The Director of the Serious Fraud Office [2023] EWHC 3280.UK legislation, Russia (Sanctions) (EU Exit) (Amendment) (No 5) Regulations 2023 (SI 2023/1367).UK legislation, The Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2023 (SI 2023/1364).United Nations, ‘Illegal betting is the number one factor fuelling corruption in sports', UN conference hears.Wilmer Hale, Congress Enacts the Foreign Extortion Prevention Act Targeting Foreign Officials' Conduct. 

Hello, and welcome to episode 87 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. Now, I thought previous weeks had been busy and that things would ease down as we got deeper into December, but it is almost as if things are sent deliberately to try us, for this has been a massive week for financial crime. Get set for the longest episode ever, with all aspects of financial crime pumping out stories. As usual, I have linked the main stories flagged in the podcast in the description. These are: Aviva, One in five businesses have been victims of cyber attack in the last year.Competition and Markets Authority, CMA cracks down on more supermarket land agreements to protect shoppers.Council of the European Union, EU Global Human Rights Sanctions Regime: restrictive measures prolonged.Crown Prosecution Service, Shropshire man jailed for £1.9 m cheque fraud after plea agreement.Crown Prosecution Service, First ever CPS deferred prosecution agreement for £615 million.Crown Prosecution Service, Entain DPA and court summary judgment.Department of Justice, Baton Rouge Woman Sentenced to 48 Months in Federal Prison for Defrauding the PPP and EIDL Loan Programs and Laundering the Fraudulent Proceeds.Department of Justice, Man Charged in $148M Medicare and Medicaid Fraud Scheme.Department of Justice, Doctor Charged in $14M Medicare and TRICARE Fraud Scheme.Department of Justice, Five persons sentenced to federal prison in international drug and money laundering operation.Drepartment of Justice, Swiss Private Bank, Banque Pictet, Admits to Conspiring with U.S. Taxpayers to Hide Assets and Income in Offshore Accounts.Department of Justice, Former IRS Employee Pleads Guilty to Money Laundering in Connection with COVID-19 Fraud.Department of Justice, Founder and Majority Owner of Cryptocurrency Exchange Pleads Guilty to Unlicensed Money Transmitting.Department of Justice, Former City Commissioner Sentenced for Role in Bribery Conspiracy.Department of State, Designation of North Macedonia Public Official Kocho Angjushev for Significant Corruption.Department of State, U.S. Department of State Announces Reward Offer for Information Leading to the Arrest and/or Conviction of Russian National Accused of Sanctions Evasion.Department of the Treasury, Treasury Sanctions Former Guatemalan Government Official for Engaging in Public Corruption.Department of the Treasury, Treasury Targets DPRK's International Agents and Illicit Cyber Intrusion Group.European Parliament, Protection of EU funds: EU should do more to detect, prevent and recover frauds.European Payments Council, Yearly update of the “Payment Threats and Fraud Trends Report”.Europol, 11 olive oil counterfeiters arrested following Operation OPSON.Europol, Paper trail ends in jail time for 1,013 money mules.Financial Conduct Authority, FCA commences criminal proceedings against brothers for insider dealing and fraud.Financial Transactions and Reports Analysis Centre of Canada, FINTRAC imposes an administrative monetary penalty on the Royal Bank of Canada.Gambling Commission, New online confidential reporting service launched.HM Treasury, Guidance: HM Treasury Advisory Notice: High Risk Third Countries.Insolvency Service, London-based builder sentenced for Covid loan abuse.Institute of Chartered Accountants in England and Wales, Why fighting corruption is key to good governance.International Monetary Fund, 2023 Review of The Fund's Anti-Money Laundering and Combating The Financing of Terrorism Strategy.International Monetary Fund, Financial Crimes Hurt Economies and Must be Better Understood and Curbed.International Regulatory Strategy Group, Anti-money laundering and beneficial ownership.National Crime Agency, Red ALERT: Exporting High Risk Goods.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (06/12/2023).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Belarus (06/12/2023).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Cyber.Office of Financial Sanctions Implementation, Guidance: Financial sanctions, Cyber.Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK?Office of Financial Sanctions Implementation, General Licence: Payments to Local Authorities INT/2023/3781228.Office of the Comptroller of the Currency, Semiannual Risk Perspective for Fall 2023.Royal Canadian Mounted Police, Money laundering through cryptocurrency uncovered in RCMP's Project Decrypt.Securities and Exchange Commission, SEC Charges Five Unregistered Brokers, Four Companies in Widespread Pre-IPO Fraud Scheme.Serious Fraud Office, SFO launches criminal investigation into global aviation supplier with dawn raid in London.Spotlight on Corruption, Regulating the accountancy profession for money laundering – is business as usual working?The Guardian, More than 870 Australian federal public servants acted corruptly over six years, investigation finds.Transparency International, How Enablers Facilitate Illicit Financial Flows: Evidence from Africa.Treasury Select Committee, Letter from FCA to Treasury Select Committee concerning Blackmore mini-bonds.UK government, UK exposes attempted Russian cyber interference in politics and democratic processes.UK government, World first agreement to tackle online fraud.UK government, Online Fraud Charter.UK legislation, The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No. 2) Regulations 2023 SI No 1306.US Immigration and Customs Enforcement, Texas man who created fake church to fraudulently obtain fake car, COVID-19 loans sentenced to over 8 years in prison.

Lawyer Julie Read QSO MInstD, arrived in New Zealand from Australia in 2013 to work for the Serious Fraud Office. She tells Steven Moe why it's an issue when directors take on too many board roles, what happens when conflicts of interest are at play, and why minute-taking is more complex than you might think, and the importance of accuracy and timing.   

Seasoned former banker Richard Boath talks to us about his longest day preventing a UK government bailout at Barclays Bank in 2008. He explains how he navigated immense pressure and engaged the stakeholders around him, noting that a crisis brings out the best or worst in people. But Richard also talks of accusations levelled against him by the Serious Fraud Office and his subsequent acquittal at the Old Bailey as one of the Barclays Four. As he recounts his darkest times, he reminds us that who you are and where you come from matters. His accounts of confronting injustice and thoughtful reflections on crisis leadership pose great questions for leaders facing the unthinkable.

Seasoned former banker Richard Boath talks to us about his longest day preventing a UK government bailout at Barclays Bank in 2008. He explains how he navigated immense pressure and engaged the stakeholders around him, noting that a crisis brings out the best or worst in people. But Richard also talks of accusations levelled against him by the Serious Fraud Office and his subsequent acquittal at the Old Bailey as one of the Barclays Four. As he recounts his darkest times, he reminds us that who you are and where you come from matters. His accounts of confronting injustice and thoughtful reflections on crisis leadership pose great questions for leaders facing the unthinkable. 

The rule of law is a fundamental principle of a constitutional democracy – but in recent years it has been the subject of much debate. What role should the rule of law play? What is the government's commitment to the rule of law? And what part should public law play in solving political disputes? As Attorney General, Victoria Prentis KC MP acts at the intersection of politics and the law. She is Chief Legal Adviser to the Crown and advises the government on both domestic and international law. The Attorney General's Office oversees the Law Officers' departments, which include the Crown Prosecution Service, the Serious Fraud Office, and the Government Legal Department, where the Attorney General was herself a government lawyer for 17 years before being elected as an MP. She gave a keynote speech at the Institute for Government. The event was chaired by Emma Norris, Deputy Director at the Institute for Government. Following her speech, the Attorney General took part in a Q&A with the in-person and online audience.

The rule of law is a fundamental principle of a constitutional democracy – but in recent years it has been the subject of much debate. What role should the rule of law play? What is the government's commitment to the rule of law? And what part should public law play in solving political disputes? As Attorney General, Victoria Prentis KC MP acts at the intersection of politics and the law. She is Chief Legal Adviser to the Crown and advises the government on both domestic and international law. The Attorney General's Office oversees the Law Officers' departments, which include the Crown Prosecution Service, the Serious Fraud Office, and the Government Legal Department, where the Attorney General was herself a government lawyer for 17 years before being elected as an MP. She gave a keynote speech at the Institute for Government. The event was chaired by Emma Norris, Deputy Director at the Institute for Government. Following her speech the Attorney General took part in a Q&A with the in-person and online audience.

How retailers handle big data, Victoria talks to Kathryn about using the Privacy Act to understand how the Warehouse marketed to her personally. She'll also talk about what tweaks to the Serious Fraud Office's reporting regime means.And transport fleet management software company ERoad is in play, with the sudden appearance of listed Taiwanese telematics company Brillian on the share register with a 17.734% shareholding in Auckland-based ERoad. BusinessDesk investigations editor, Victoria Young

Welcome to the Great Women in Compliance Podcast, hosted by Mary Shirley and Lisa Fine.   As part of the countdown to 200, Lisa and Mary have their last two episodes before the GWICies and the summer hiatus before GWIC 2.0.  Today, we get to announce our new co-host, Lloydette Bai-Marrow, who was featured in Episode 110.  She is the founding partner of Parametric Global Consulting ,a former prosecutor at the UK's Serious Fraud Office, is a member of the Board of Spotlight on Corruption, a UK-based anti-corruption charity that tracks how the UK implements its anti-corruption laws and has a commitment to anti-corruption in Africa and particularly Sierra Leone. She is also committed to sending the elevator back down and our community.  In the episode, she discusses how she decided to make time to add co-hosting this podcast to her full plate, and some of her ideas for GWIC 2.0.  Lloydette also talks about the impact that Mary has had in the E&C world, and how that inspired her to join Lisa on the journey. We are very excited about this next phase for all of us, including Mary's upcoming book and her ongoing column at Corporate Compliance Insights! You can find the Great Women in Compliance Podcast on the Compliance Podcast Network where you can find several other resources and podcasts to keep you up to date in the Ethics and Compliance world. You can also find the GWIC podcast on Corporate Compliance Insights where you can learn more about the podcast, stream prior episodes and catch up on Mary's monthly column "Living Your Best Compliance Life.”  Corporate Compliance Insights is a much-appreciated sponsor and supporter of GWIC, including affiliate organization CCI Press publishing the related book; “Sending the Elevator Back Down, What We've Learned from Great Women in Compliance” (CCI Press, 2020). If you enjoyed the book, the GWIC team would be very grateful if you would consider rating it on Goodreads and Amazon and leaving a short review.  Don't forget to send the elevator back down by passing on your copy to someone who you think might enjoy reading it when you're done, or if you can't bear parting with your copy, consider it as a holiday or appreciation gift for someone in Compliance who deserves a treat. If you enjoyed the book, the GWIC team would be very grateful if you would consider rating it on Goodreads and Amazon and leaving a short review.  Don't forget to send the elevator back down by passing on your copy to someone who you think might enjoy reading it when you're done, or if you can't bear parting with your copy, consider it as a holiday or appreciation gift for someone in Compliance who deserves a treat. You can subscribe to the Great Women in Compliance podcast on any podcast player by searching for it and we welcome new subscribers to our podcast. Join the Great Women in Compliance community on LinkedIn here. 

In this episode of the IEA Podcast, IEA Director of Public Policy and Communications Matthew Lesh talks to IEA Academic and Research Director James Forder about his latest paper on the Serious Fraud Office.   James' paper, 'Fraud Focus: Is the Serious Fraud Office fit for purpose?', can be read here: https://iea.org.uk/publications/fraud-focus-is-the-serious-fraud-office-fit-for-purpose/

This episode examines the UK Economic Crime and Corporate Transparency Bill, now before the House of Commons. The legislation is the second part of the government's economic crime plan, announced under the then Cameron government, and which was given fresh impetus by Russia's invasion of Ukraine and a determination to crack down on dirty and kleptocratic money in London. In this episode of Compliance Clarified, Alexander Robson, global managing editor, Regulatory Intelligence, is joined by Helen Parry, senior regulatory intelligence expert, and Rachel Wolcott, senior reporter. They assess the implications of the bill for anti-money laundering professionals, the powers of the National Crime Agency, the Serious Fraud Office, and the crucial role of Companies House, the UK corporate registry, in identify verification. Links to content referenced in the discussion: Timetable: https://bills.parliament.uk/bills/3339 Committee information https://committees.parliament.uk/committee/618/economic-crime-and-corporate-transparency-bill-programming-sub-committee/ https://www.gov.uk/government/publications/economic-crime-and-corporate-transparency-bill-2022-factsheets https://www.gov.uk/government/publications/economic-crime-and-corporate-transparency-bill-2022-impact-assessments?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=94c70d27-d4bd-43b9-847d-949d0a95fc18&utm_content=immediately Parliament TV for October 25. Committee https://www.parliamentlive.tv/Event/Index/c77273cd-ad46-44e9-b51c-acd0220411b6 Regulatory Intelligence links (subscription needed) COLUMN: Money laundering, enhanced due diligence and high-risk countries — increasingly demanding compliance requirements http://go-ri.tr.com/TGQm4w COLUMN: Economic Crime and Corporate Transparency Bill – a new fishing licence for the National Crime Agency? http://go-ri.tr.com/0gjw3S COLUMN: Economic Crime and Corporate Transparency Bill – thresholds, ring fencing and defence against money laundering SARs http://go-ri.tr.com/VZsc3b The "Compliance Clarified" podcast series covers the wide range of topics which affect compliance officers in financial services firms. The series has been designed to help compliance officers make sense of the often-challenging world of financial services regulation, which is now overlaid with expectations not found in the black and white of any rulebook. The role and remit of the compliance officer is ever-growing, and senior compliance officers have had to become polymaths, mastering not only detailed subject matter expertise but also the qualitative mysteries of culture and conduct risk. Compliance Clarified covers the hot topics of the day and the challenges they bring, and aims to offer up practical ideas for emerging good practice.

A seven-week trial over political donations that took three years to reach the High Court in Auckland is drawing to a close today. The Serious Fraud Office brought charges against seven people, including former MP Jami-Lee Ross, claiming they helped to split one or more of three large donations to the Labour and National parties into smaller amounts to hide the true donor from public scrutiny. All defendants deny the charges. Amy Williams has been at the High Court and filed this report.

A defence lawyer for a businessman at the centre of a political donations trial has told the court his client did not conceal his identity. The lengthy judge-alone trial in the High Court in Auckland is drawing to a close, following a three-year investigation by the Serious Fraud Office. The Crown claims three large donations to National and Labour were split into smaller amounts to avoid triggering the disclosure limit and to keep the public in the dark about the identity of the true donor - businessman Zhang Yikun. Amy Williams reports.

A seven-week trial over alleged concealed political donations is drawing to a close, with the Crown giving its closing statements. Seven people, including former MP Jami-Lee Ross, are defending charges laid by the Serious Fraud Office of obtaining by deception, in the High Court in Auckland. The Crown alleges three separate donations to the National and Labour parties were split into smaller amounts by "sham donors" to avoid triggering the disclosure limit and keep the public in the dark about the true donor's identity. Amy Williams has been at the High Court and filed this report.

Former Labour Party leader Andrew Little and the Prime Minister's chief press secretary have appeared as witnesses in a trial about anonymous donations to the country's two biggest political parties. The Crown's case is that Labour, National, the Electoral Commission and the public were "kept in the dark" about donations allegedly split into smaller amounts to avoid disclosure rules. The trial, in the High Court in Auckland, is the result of a four-year investigation by the Serious Fraud Office. Amy Williams was there and filed this report.

Summer is here again, and unlike the great British weather, you can rely on John and Jason to deliver a spectacular summer special - In this episode, we put the world to rights, discussing:   Whether we're "getting old" by focusing on retirement goals. The sort of people we'd really rather DIDN'T join the One Percent Club. How you CAN go wrong investing in bricks and mortar (culminating in court cases, administration and the Serious Fraud Office!) The calming (and long-lasting!) effect of a 17-day digital detox. Why long-term thinking is the ONE trait you MUST adopt to be successful. The biggest mistake that MOST small business owners will make in the upcoming recession.

National and ACT are refusing to support changes to the political donations regime, saying they 'screw the scrum' in favour of the governing Labour party. A review of electoral laws is common after each general election but the problems around donations are in sharp focus, with Serious Fraud Office charges linked to both Labour and National being heard in the High Court in Auckland. Political editor Jane Patterson reports.

Details of how donors to both the Labour and National parties allegedly concealed their identities are under scrutiny in a High Court trial in Auckland. Seven people are facing Serious Fraud Office charges relating to electoral fraud. They all deny the charges. Amy Williams reports.

Political donations to both Labour and National are to come under scrutiny over the coming weeks as a High Court trial gets underway in Auckland today. Seven people are facing charges laid by the Serious Fraud Office - the trial is set down for 10 weeks. Deputy political editor Craig McCulloch spoke with Corin Dann.

Proposed changes to New Zealand's political donation rules have put the spotlight on donors who give thousands and the motivations they have for their generosity. New research into New Zealand's political donations system aims to shed light on this often obscure process. The proposed reforms to the political donation rules follow Serious Fraud Office investigations into the handling of donations received by the National, Labour and NZ First parties. All three investigations have resulted in court proceedings, with the first case just ended with the judge reserving his decision. Joe spoke to Max Rashbrooke, a Research Associate for the Institute for Governance and Policy Studies at Te Herenga Waka — Victoria University of Wellington, about political donation regulation and the motivation behind it.   

EPISODE 6 An External CONundrum  In the last episode, we left the Victims, unraveling the mess of Barry's Ponzi scheme and with little help from the Serious Fraud Office, they were left to do the legwork individually, because of course at that stage, they had no way of connecting with any of the other Victims. It was a lonely, isolating and panic-filled limbo. And the key to discovering if any of their money was safe, seemed to boil down to one little word ……External BE THE FIRST TO GET NEW EPISODES - SUBSCRIBE NOW SEARCH K-L-O-O-G-H-L-E-S-S Message us on instagram : @conmunitypodcast @klooghless This is a CONmunity Podcast Production  Special thanks to all the Victims that shared their stories and to Dr Sohom Das for his insight as a Forensic Psychiatrist You can find more from Dr Das @psychforsoreminds NOTE: Some Victims names have been altered to protect privacy. THANKS ALSO :  Hamish McNeilly Mike Houlihan Victoria TImpany And Aroha Min for the Music Check out our Zencastr offer here: zen.ai/klooghless Promo code: klooghless Supporting our sponsors supports the show Learn more about your ad choices. Visit megaphone.fm/adchoices

EPISODE 5 The InCONceivable Truth In the last two episodes, we heard the stories of many of the victims as it led up to the date, the Serious Fraud Office raided Authorized Financial Advisor, Barry Kloogh's Dunedin offices. But before we pick up where we left off with those stories, there is one more story I want to tell you….. Meet Garry and Mary, their story is similar to many of the other victims of Barry Kloogh….with an added sting in the tail!  BE THE FIRST TO GET NEW EPISODES - SUBSCRIBE NOW SEARCH K-L-O-O-G-H-L-E-S-S Message us on instagram : @conmunitypodcast @klooghless This is a CONmunity Podcast Production  Special thanks to all the Victims that shared their stories and to Dr Sohom Das for his insight as a Forensic Psychiatrist You can find more from Dr Das @psychforsoreminds NOTE: Some Victims names have been altered to protect privacy. THANKS ALSO :  Hamish McNeilly Mike Houlihan Victoria TImpany And Aroha Min for the Music Check out our Zencastr offer here: zen.ai/klooghless Promo code: klooghless Supporting our sponsors supports the show Learn more about your ad choices. Visit megaphone.fm/adchoices

Despite people being well aware of the prevalence of unlawful behaviours in the crypto space, the sheer number of frauds and scams is seeing no sign of slowing down. Alvarez & Marsal (A&M) is a global law firm that has developed a unique approach using blockchain technology and data analytics to pre-empt and investigate crypto fraud. We sat down with Henry Chambers and Jay Kim from A&M to unpack the most common categories of crypto fraud, techniques used to prevent them, and how can the institutions and retail participants protect themselves from rug pulls and scams.Henry Chambers heads up Alvarez & Marsal's crypto and digital asset practice in Hong Kong, specialising in fraud, corruption and regulatory investigations. Henry has worked all over the world on numerous major fraud and corruption investigations and has also spent time working at the UK's Serious Fraud Office.Jay Kim is a Director with Alvarez & Marsal. Jay leads the firm's data analytics and digital asset investigations practice in the Asia region on investigations, performance improvement and insolvency matters.Notices & Disclaimers • Views, information and opinions expressed in the Podcast are those of the individuals involved and do not necessarily represent that of the HashKey Group. While we make every effort to ensure that the information we are sharing is accurate, we welcome any comments, suggestions, or correction of errors. • This Podcast should not be considered as an offer or solicitation to sell, buy or subscribe to any financial instruments or product, securities or any derivative instrument, or any other rights pertaining thereto. • Any decision made by a party after listening to this Podcast shall be on the basis of its own research and not be influenced or based on any view expressed in this Podcast or otherwise. This Podcast does not address all risks. This Podcast does not constitute investment advice or a recommendation and has been prepared without regard to individual financial circumstances, objectives or particular needs of listeners. Listeners should seek their own financial, tax, legal, regulatory and other advice regarding the appropriateness or otherwise of investing in any investments and/or pursuing any investment strategies. The HashKey Group does not express any opinion as to the present or future value or price of any instruments referred to in this Podcast. • By accessing this Podcast, listeners acknowledge that the HashKey Group makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. Hosted on Acast. See acast.com/privacy for more information.