Hello and welcome to episode 200 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. This episode summarises significant global enforcement actions and regulatory updates. Highlights include HMRC's £1.16m settlement with a UK exporter over Russia sanctions violations, asset freezes related to suspected terrorism, and US measures against Hizballah funding activities. The episode covers notable anti-money laundering penalties: €45m by BaFin to JPMorgan’s Frankfurt branch, and £650,000 by the UK Gambling Commission to NetBet. Policy updates feature HM Treasury consulting on FCA supervision of professional services for AML/CTF and findings from the UK's Economic Crime Survey 2024, showing that 27% of UK businesses faced fraud last year.

A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.