Those in the private sector can often feel stuck between policymakers who fear cryptocurrencies are undermining their carefully built regulatory fortifications, and the online world of dark markets beyond those regulatory walls. Host Tom Keatinge is joined by co-author Allison Owen, CFCS Associate Fellow, and Rodrigo Peiteado, Senior Manager of Digital Asset investigations at BVNK, to discuss a new virtual asset risk assessment guide for the private sector published by the CFCS: ...

Effective implementation of sanctions requires cooperation with partners around the globe. Host Tom Keatinge, Director of CFCS at RUSI, sat down with EU Sanctions Envoy David O’Sullivan in Brussels to explore the EU’s approach to negotiations with third countries to clamp down on the circumvention of sanctions, emphasise the importance of data in sanctions diplomacy and stress the role of the private sector in making sanctions effective.

Before 7 October 2023, the terrorist threat posed by Hamas was largely clouded by preoccupation with geopolitical tensions and the ongoing war in Ukraine. But not anymore. Hamas’s coordinated attacks on Israel and the resultant conflict has made the terror group’s threat and its financing unavoidable. Host Stephen Reimer unpacks the key issues and debunks some common myths at the heart of the Hamas financing story with Jessica Davis of Insight Threat Intelligence and Matthew Levitt of The...

Recently, the political class in Westminster has been consumed with with the conduct of bank accounts or, more specifically, when these are being closed, unilaterally, by banks. It’s a long running problem. Might the spotlight brought to the issue by Nigel Farage finally create some overdue action by the UK government? In this episode, host Tom Keatinge is joined by Izabella Kaminska from Politico and the Blind Spot, and Siddharth Venkataramakrishnan, the Financial Times’ banking and fintech...

As multilateral organisations battle strong geopolitical headwinds, the Financial Action Task Force (FATF) – the global financial crime watchdog – is not immune to such pressures. Indeed, it faces a range of challenges that are increasingly raising questions about its continued legitimacy. In this episode, host Tom Keatinge explores what these challenges are and how the FATF might stay ahead of them with two former FATF insiders, David Lewis and Michelle Harwood.

Tom Keatinge and Alanna Putze, two of your CFCS podcast hosts, introduce a new concept for the Suspicious Transaction Report podcast, offering listeners fresh content on the intersection between finance and security. Here is a glimpse of what’s in store, including some of the guests, topics and ideas that will feature throughout the season.

Is there a resurgence of state threats or have democracies just opened up their eyes to this complex challenge? In a season that explores today's varied threat landscape, this final episode delves deeper into the dynamics between economics and security. Host Tom Keatinge is joined by RUSI Trustee Suzanne Raine and Associate Fellow Jason Shepherd to discuss the blurring of geopolitics and finance through the lens of history and look at what must happen to strengthen democratic resilience for...

How do adversarial states exploit cyber to pursue their own strategic objectives? From intelligence gathering and information operations to physical disruption and financial gain, cyber operations are increasingly shaping the global threat landscape. And it’s not just large state actors such as Russia and China that are behind them, but also dozens of emerging states, along with contractors and private entities. Dr Jamie Collier of Mandiant joins host Alanna Putze to explore the implications...

Disinformation is not new, but it has certainly evolved. Today, it is strongly linked to international security, as malign actors seize on it to pursue their own strategic interests. Are democracies equipped to navigate this new landscape of political warfare? Host Alanna Putze is joined by Monika Richter of the American Foreign Policy Council and Graham Brookie of the Atlantic Council’s Digital Forensic Research Lab to explore the multifaceted scope of today’s disinformation challenge, and...

Hybrid warfare is on the rise. From cyber and disruptive technologies to energy security and economic interconnectedness, malign actors have an array of domains to exploit. How has NATO adapted, and can it be nimble enough to stay ahead in a rapidly evolving threat landscape? Host Tom Keatinge is joined by James Appathurai, NATO’s Deputy Assistant Secretary General for Emerging Security Challenges, to explore how the military alliance is building resilience and the private sector’s vital role...

How are organised crime and illicit finance exploited as vectors of state-based threats? This episode focuses on Russia and the unique capabilities it gains via illicit proceeds, including the power to subsidise occupation. Host Stephen Reimer is joined by Tena Prelec of the University of Oxford and Rowan Newman of the UK government's Serious and Organised Crime Network as they explore the blurred lines between government, business and criminal actors and the impact on international security.

Interference and influence – whether in politics, national institutions or boardrooms – has long been an objective of adversaries of democracy, who frequently deploy money in pursuit of their goals. This episode spotlights Latvia, a country that is no stranger to corrupt external influences. CFCS’s Tom Keatinge is joined by journalists Sanita Jemberga and Edward Lucas to explore what went wrong in Latvia, why the rest of Europe is not immune to this threat, and what must be done to safeguard...

What role do non-state proxy groups play in the current global security framework? This episode focuses on the Wagner Group, which has the potential to aid Russian state interests on multiple fronts, and not just on the battlefield. Host Stephen Reimer dives into the murky world of the Wagner Group, state threats and finance with guests Justyna Gudzowska, director of illicit finance policy at investigative NGO The Sentry, and Jason Blazakis, director of the Centre on Terrorism, Extremism and...

Are the UK and its allies sufficiently equipped to tackle today’s threats from hostile state actors? And how might placing those threats under a financial lens help to shape responses? Host Tom Keatinge is joined by RUSI Associate Fellow and Senior Specialist at the House of Commons Ashlee Godwin, and Jonathan Evans, former Director General of MI5. They set the scene for this season’s theme of ‘finance weaponised’, exploring the evolving state threat landscape and how it might impact the...

The final episode explores a major global challenge that initially lacked a cohesive policy response and now poses an urgent threat. CFCS’s Alanna Putze is joined by the Atlantic Council’s Julia Friedlander and journalist Edward Lucas to explore the active financial measures that malign actors use to corrode trust in democracy. With Russia as the prime example, they ask if the world possess the policy leadership and strategic vision required to safeguard global democracy at this crucial moment. 

The UN first placed North Korea under international sanctions 15 years ago. Yet despite continued provocations and clear evidence of violations, there have been no substantive changes to the sanctions regime for the past five years. Is it time to rethink our sanctions approach to North Korea? CFCS’s Sasha Erskine and Aaron Arnold are joined by former UK Ambassador to South Korea Alastair Morgan to examine the evolution of North Korea sanctions, the current state of play, and what we might...

What happens when firms get financial crime compliance wrong? Ten years ago, the compliance world was rocked when the US authorities handed HSBC a $1.9 billion fine for “unacceptable failures” in its anti-money laundering procedures. These fines set a lot of activity into motion. But to what effect? Roger McCormick of Bayes Business School joins CFCS’s Isabella Chase to dive into the punishment playbook, exploring its impact, how its changed and where it might be heading. 

Countering the financing of weapons of mass destruction is an important component of global non-proliferation efforts. While the focus has largely been on North Korea, as well as Iran, countering proliferation financing (CPF) is likely to apply to other actors in the future. Are the measures put in place sufficiently future-proofed? CFCS’s Wojciech Pawlus is joined by Jonathan Brewer of King’s College London and RUSI’s Darya Dolzikova to look at the origins of CPF policy and examine what...

It’s hard to keep up with the pace of change in environmental, social and governance (ESG) policy. With a number of game-changing developments in the past year alone, there’s no doubt that ESG is at the forefront of the agenda, for both corporates and the financial sector. RUSI’s Alexandria Reid dives into this rapidly evolving world with James Ford of Mayer Brown. Together, they discuss lessons from the past 10 years of ESG policy, and what we might expect next. 

Fraud is an age-old crime; one that has drastically evolved in recent years. Far from the small-scale individual acts or larger corporate offences of the past, organised volume fraud has now reached epidemic levels, posing a growing threat to the UK’s national security and financial stability. CFCS’s Kathryn Westmore is joined by Jonathan Holmes of PwC’s Digital and Forensic Services Investigations Team, to explore how well we’ve adapted and how we can best stay ahead of the fraud threat. 

An unscheduled episode, recorded as the tragic events in Ukraine unfold. It considers the central plank of the West’s response to Russia’s aggression – sanctions. Tom Keatinge is joined by RUSI Associate Fellows and legal experts Anna Bradshaw of Peters & Peters and Nick Turner of Steptoe & Johnson. They discuss the wider challenges related to sanctions and their use, what these mean in the context of the current crisis, and whether it is time to rethink our approach to sanctions.