Financial crime updates webinar

Russell-Cooke and Grant Thornton UK collaborate in a recent webinar on the latest regulatory changes and the rapid evolution of AI-enabled financial crime.

Frances Murray , partner in the criminal and financial crime team at Russell-Cooke, speaks alongside Vijay Rathour and Sarah Wrigley, both of Grant Thornton, covering topics such as sanctions, the new powers for Companies House, the ‘Failure to Prevent Fraud’ offence, the Financial Conduct Authority’s update on reducing and preventing Financial Crime, Suspicious Activity Reports and AI-enabled financial fraud to be discussed.

With the ratification of the Economic Crime and Corporate Transparency Act 2023 and the ever-evolving sanctions landscape, it is more important than ever to understand and navigate new regulations with confidence.

Welcome and introduction: 00:00:09
Frances Murray (financial crime solicitor) introduction: 00:01:19
Financial Conduct Authority (FCA) update on reducing and preventing financial crime: 00:02:00
New suspicious activity reports portal: 00:07:00
Sanctions and designated persons: 00:10:33
New powers for Companies House under the Economic Crime and Corporate Transparency Act 2023: 00:14:10
The 'failure to prevent fraud' corporate crime offence: 00:17:00

Sarah Wrigley introduction: 00:19:40
Sanctions developments: 00:19:58
Sanctions, what should you be doing?: 00:24:47
UK Fraud landscape: 00:26:23
Fraud - the PSR's new approach: 00:27:19
Likely impacts of the new regime: 00:29:00
The failure to prevent fraud offence: 00:31:20
Six principles for reasonable procedures: 00:32:00
The new information-sharing provisions: 00:33:10

Vijay Rathour introduction: 00:35:03
Technology empowered fraud developments: 00:36:38
The evolving fraud landscape: 00:39:50
Using AI to catch AI: 00:42:00
Case studies: 00:45:45
Collaboration initiatives: 00:46:48
Cyborgs: Human AI hybrids: 00:47:05

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