The UK Financial Intelligence Unit (UKFIU), housed within the National Crime Agency, has national responsibility for receiving, analysing and disseminating fina...
In this episode, our panellists discuss the issue of professional enablers. Jacquie Griffiths (OPBAS), Edgars Pastars (Finance Latvia Association), and Tommas Kaplan (von Poll Immobilien) provide an overview of the challenges sectors encounter and their views on what professionals should consider when de-risking. This includes examples from their own work when encountering those attempting to launder the proceeds of crime and their response to avoid becoming a professional enabler.AML – Anti-Money LaunderingCFT – Combatting the Financing of TerrorismOPBAS – Office for Professional Body Anti-Money Laundering SupervisionFATF – Financial Action Task ForceDNFBPs – Designated Non-Financial Businesses and ProfessionsFIU – Financial Intelligence UnitPBS – Professional Body SupervisorFor the subtitled version of this episode go to: https://www.youtube.com/watch?v=HObWhq7zGws
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34:47
Episode 20: Illicit Company Formation: The Public Private Partnership Response
In this episode, panellists discuss the recent work that has been done on illicit company formation activity and transformations to Companies House following legislative changes.
These representatives from the National Economic Crime Centre (NECC), Companies House, and private sector members of the NECC’s public private partnerships share their perspectives on this work, including its relation to Suspicious Activity Reports (SARs).
Please note the figures provided by Companies House
were accurate at the time of recording.
TCSP – Trust or Company Service Providers
SAR – Suspicious Activity Reports
PPP – Public-Private Partnership
BAU – Business As Usual
For a subtitled version of this episode visit: https://youtu.be/58ClkXN7I60
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Episode 19: Legal Sector: Challenges and Opportunities
In this episode our panel of legal experts discuss key considerations and challenges facing legal professionals when it comes to anti-money laundering (AML) and suspicious activity reporting. The legal sector covers everything from large global firms down to sole practitioners and our panellists discuss key money laundering threats, risk areas and the indicators which firms and sole practitioners should be looking for.
For the subtitled version of this episode go to: https://youtu.be/FztrHRW0-7U
SRA – Solicitor’s Regulation Authority
MLRO- Money Laundering Reporting Officer
AML – Anti-money laundering
WTW – Willis Towers Watson
FCA – Financial Conduct Authority
CDD – Customer Due Diligence
OFSI – Office of Financial Sanctions Implementation
Further information can be found here:
https://sra.org.uk/aml
https://sra.org/sanctions
https://www.lawscot.org.uk/members/regulation-and-compliance/financial-compliance/anti-money-laundering/
https://www.lawscot.org.uk/news-and-events/law-society-news/aml-thematic-review-of-suspicious-activity-reports/
https://lawsociety.org.uk/topics/anti-money-laundering/
https://wtwco.com/en-gb
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Episode 18: Impacts of the Illegal Wildlife Trade – Part 2
In part two of our Illegal Wildlife Trade (IWT) episode, our panellists discuss the impact on economies, biodiversity and legitimate wildlife trade. They also talk about predicate crimes associated with IWT and the importance of international co-operation, such as that garnered during Project Anton, in tackling it.
Information regarding the Statement of Principles, announced by the Prince of Wales at the United for Wildlife Global Summit in November, can be found here: https://unitedforwildlife.org/news/international-statement-of-principles-announced
For the subtitled version of this episode go to: https://youtu.be/aLQzDjlxApg
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Episode 17: Impacts of the Illegal Wildlife Trade – Part 1
In part one of our episode on the Illegal Wildlife Trade (IWT), we are joined by panellists from Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) and the UK’s National Wildlife Crime unit (NWCU). Our panellists discuss the roles of their organisations and outline the differing threats between their respective countries, but highlight the similar typologies used by serious organised crime groups.
Reporters can access key messages and information on IWT related SARs using the following link: https://fintrac-canafe.canada.ca/intel/operation/oai-wildlife-eng
For the subtitled version of this episode go to: https://youtu.be/TRM4kvKaypQ?si=C6USuBOOJ-bbTCPz
The UK Financial Intelligence Unit (UKFIU), housed within the National Crime Agency, has national responsibility for receiving, analysing and disseminating financial intelligence submitted through the Suspicious Activity Reports (SARs) regime. SARs alert law enforcement to potential instances of money laundering and terrorist financing and are a vital source of intelligence, not only on economic crime but on a wider range of criminal activity.
These educational podcasts are part of the UKFIU’s new digital presence delivering a smarter approach to fighting crime, in line with UKFIU priorities of reducing harm, protecting the integrity of the UK economy and ensuring that there are no safe spaces for economic crime or terrorism financing.
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