Financial Crime Weekly Podcast

Hosted by Christopher Kirkbride

Episodes

Language

EN-GB

About the show

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.

Listen to episodes

60 recent

22 min

Financial Crime Weekly Episode 258

Welcome to episode 258 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, new US sanctions targeting Iranian military procurement networks and Cuba's state-owned oil company, alongside a High Court ruling clarifying the scope of UK sanctions and contractual obligations. Europol has dismantled a €336 million cryptocurrency laundering service and the sentencing of a bank employee for laundering narcotics proceeds, as well as Haiti’s launch of specialised judicial poles to tackle systemic corruption. Additionally, the episode covers a proposed overhaul of the UK’s AML supervision framework and the launch of a £75 million national PoliceAI centre intended to accelerate complex criminal investigations. Finally, we discuss the FCA’s intervention in a securities firm insolvency, and new ICO guidance regarding data protection expectations for the smart device industry.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.

25 min

Financial Crime Weekly Episode 257

Welcome to episode 257 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, the US designates a shadow fleet network moving Iranian petroleum through front companies, and the European Union announces its 21st sanctions package against Russia. There is a $21.3 million settlement for contract fraud, alongside a prison sentence for a $100 million international investment scheme. We also look at the FCA’s £452,000 confiscation order against a Ponzi operator, and the latest High Court intervention concerning a €2.5 million cryptocurrency fraud. Finally, US Senator Elizabeth Warren warns on AI-driven threats to the financial sector, and a NATO cyber simulation which tested responses to a Russia-style adversary.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.

43 min

Financial Crime Weekly Special Episode: Conversation with Pedro Bizarro, Feedzai

Welcome to this special edition of the financial crime weekly podcast.If you’ve been paying attention to the news this week, or at any time in the last two years, you can’t have failed to notice the cybersecurity landscape has officially crossed a terrifying new threshold. Google’s Threat Intelligence Group released a report confirming that generative AI has moved from a shiny new toy to a routine weapon for cybercriminals and nation-state actors.For the very first time, researchers caught hackers using artificial intelligence to discover and weaponise a zero-day exploit, successfully bypassing two-factor authentication in a mass exploitation attempt. With AI-driven bot attacks surging from 2 million to a staggering 25 million incidents globally over the last year, the reality is clear: the bad guys are using AI to scale their attacks faster than humanly possible.So, how do we fight back? We have to fight fire with fire.To help us understand how the good guys are weaponising AI for defence, I’m thrilled to welcome Pedro Bizarro to the show. Pedro is the Co-Founder and Chief Science Officer at Feedzai, a global leader in AI-driven fraud prevention and financial risk management. A true pioneer in the space, Pedro transitioned from a decade-long research career, armed with a Computer Science PhD from the University of Wisconsin-Madison, to building out Feedzai’s industry-leading RiskOps platform. He holds over 90 patent applications and has authored more than 100 scientific publications. Pedro, it is a critical time for this conversation….

18 min

Financial Crime Weekly Episode 256

Welcome to episode 256 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, an Iran-based tech executive is arrested for alleged procurement of U.S. equipment for military sectors, and the results of "Disruption Week" have been published. In the UK, the Crown Prosecution Service has published its 2030 strategy, while in Sri Lanka there is a nationwide campaign to boost financial literacy against evolving scams. We also look at the ICO’s £118,000 confiscation order in a data-theft case and reports of a $20 million payment by a prominent law firm to halt a data breach. Finally, the Bank of England warns of AI-driven vulnerabilities in banking systems.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.

39 min

Financial Crime Weekly Episode 255

Welcome to episode 255 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, the U.S. Treasury has modernised its sanctions lists, and settled with FTI Consulting for dealings in prohibited Russian debt. In the UK, the Public Accounts Committee reports on the Ministry of Defence fraud risk, and the government warns offshore financial hubs about transparency. We also look at the entry into force of the EU’s harmonised Anti−Corruption Directive and a $21 million market manipulation conviction against a prominent activist short seller.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.

25 min

Financial Crime Weekly Episode 254

Welcome to episode 254 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, the expansion of US sanctions against Iran, and a FCA report flagging systemic weaknesses in the management of £37 billion in frozen assets. There is a new international framework between major economies and tech firms to address online fraud, as well as OECD data showing that coordinated settlements have secured over $33 billion in bribery sanctions. The episode also covers the insider-trading complaint against a Google engineer for exploiting search data and GCHQ’s warning on the technological window against global adversaries and the compliance challenges posed by a patchwork of international cybersecurity regulations.A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.

32 min

Financial Crime Weekly Episode 253

Welcome to episode 253 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, the UK imposes sanctions targeting Russian evasion networks, and the US designates Lebanese officials linked to Hizballah. From the UK, a report is published highlighting the estimated £325 billion in illicit funds which move through the UK annually, and the dismissal of a "circular" fraud defence in the billion-dollar Privatbank case. In US fraud news, a 500-month sentence for a non-profit founder, and a 12-year prison term for a multinational firm owner involved in a $2 billion fraud scheme. In Australia the anti-corruption chief has resigned, and the FDIC has proposed compliance standards for stablecoin issuers. Finally, we discuss Europol’s tracing of millions in criminal assets across 31 countries, and the new UK-Australia partnership addressing AI-driven cyber threats.A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.

17 min

Financial Crime Weekly Episode 252

Welcome to episode 252 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, the US Treasury lifts sanctions on a UN expert following a free-speech ruling, and there is a designation of Sinaloa Cartel networks. A former investment company CEO has been sentenced for breaching an SFO restraint order, alongside multiple enforcement actions related to COVID-19 relief fraud in the UK and US. Furthermore, federal bribery charges are brought against military contractors, and there is news of a global dismantling of a cybercriminal VPN service. Finally, the UK’s Companies House has published a new business plan, and news of the EU’s latest anti-corruption directive.A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.

38 min

Financial Crime Weekly Episode 251

Welcome to episode 251 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, OFSI fines Deutsche Bank for Russia sanctions breaches, and the US reaches a settlement with Adani Enterprises over prohibited transactions involving Iranian cargo. There is a $1 billion US federal crackdown on nationwide fraud schemes, alongside the arrest of a former Venezuelan minister for large-scale money laundering linked to state food-distribution programmes. We also look at joint warnings from UK financial authorities and the ICO regarding the accelerating threat of AI-driven cybercrime and deepfake impersonation, and report on INTERPOL’s Operation Ramz on cybercrime across the MENA region.A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.

18 min

Financial Crime Weekly Episode 250

Welcome to episode 250 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, the European Union has extended its cyber-attack sanctions, and the UK has made administrative updates to its Iran, Russia, and Afghanistan regimes. In the US, a $1 billion Medicare fraud leads to a conviction, and a sentence has been handed down in a decade-long money laundering conspiracy. Furthermore, the FCA Chief Executive warns of the interconnected nature of modern financial crime, and new US legislative proposals intended to address the rise of AI-driven threats. Finally, we discuss a cybersecurity expert’s caution that the 2026 FIFA World Cup may serve as a target for global attacks.A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.

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