Episode 24Organised Immigration Crime: Illicit FinanceIn this episode, panellists from the National Crime Agency (NCA) address the illicit finance angle of the Organised Immigration Crime (OIC). Panellists explain the current threat picture, how Informal Value Transfer Systems (IVTS) play a role in enabling this crime and the actions being taken by the NCA to disrupt organised crime groups involved in OIC.Read the special OIC SARs in Action issue - https://bit.ly/465AS37 OIC - Organised Immigration CrimeMSHT - Modern Slavery Human Trafficking IVTS - Informal Value Transfer Systems MLRs - Money Laundering RegulationsKRI - Kurdistan Region of IraqJMLIT – Joint Money Laundering Intelligence TaskforceMSB – Money Service BusinessFor the subtitled version of this episode go to: https://www.youtube.com/watch?v=ibH5650JxXQ
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Episode 23: Virtual Squatting
In this episode, this issue of virtual squatting is discussed by panellists from the National Economic Crime Centre (NECC), Institute of Chartered Accountants in England and Wales (ICAEW) and Companies House. Panellists address what is virtual squatting and the role it plays in economic crime, potential signs that professionals should be aware of, and the positive outcomes that resulted from public-private partnership.JMLIT – Joint Money Laundering Intelligence TaskforceICAEW – Institute of Chartered Accountants in England and WalesSAR – Suspicious Activity ReportEDD – Enhanced Due DiligenceFor the subtitled version of this episode go to: https://www.youtube.com/watch?v=9ORYT3HHqDg
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Episode 22: International Co-operation: a Global Network of FIUs
In this episode, panellists from the Egmont Group and the UK Financial Intelligence Unit’s (UKFIU’s) International team discuss the role of international collaboration in combatting money laundering and terrorist financing. Egmont plays a key role in facilitating UKFIU cooperation with other Financial Intelligence Units and in turn, the UKFIU aims to contribute to the success of the group. Topics discussed include an overview of the structure and role of the Egmont group by the group’s chair, Elżbieta Franków-Jaśkiewicz, the projects the UKFIU has been involved in, and the future strategic goals of the Egmont Group.AML – Anti-Money LaunderingCFT – Combatting Financing for TerrorismEC – Egmont CommitteeECOFEL - Egmont Centre of FIU Excellence and LeadershipEGS - Egmont Group SecretariatESW – Egmont Secure WebFor the subtitled version of this episode go to: https://www.youtube.com/watch?v=u_3HOAfK-g4
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Episode 21: Professional Enablers
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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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
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.
Ireland