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STR: Suspicious Transaction Report

Royal United Services Institute
Sanctions
Russia
Ukraine
Financial Crime
Money Laundering
Financial Action Task Force
Cryptocurrency
China
Illicit Finance
Donald Trump
North Korea
European Union
Oligarchs
Iran
Terrorist Financing
Kleptocracy
Sanctions Evasion
Public-Private Partnerships
United States
Financial Institutions

From the team analysing the intersection of finance and security, tune into compelling conversations on the real-world impact of global illicit finance. This podcast explores the financial dimensions of today's leading transnational security challenges. Host Tom Keatinge and the team from the Centre for Finance and Security at RUSI bring you unique insights on the challenges posed by illicit finan... more

PublishesTwice monthlyEpisodes117Founded7 years ago
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Artwork for STR: Suspicious Transaction Report

Latest Episodes

Why civil society, financial institutions and governments must connect their evidence and capabilities to dismantle kleptocratic networks.

Kleptocracy is not simply corruption on a grand scale. It is a system in which stolen wealth is used to captu... more

How a rouble-backed stablecoin, Tether's USDT and an alternative payments network are testing the reach of Western sanctions.

Russia's search for alternatives to the Western financial system is increasingly moving into crypto.

One experiment in... more

Clare Rewcastle Brown on how Malaysia's 1MDB scandal became a story of debt, infrastructure, China and geopolitical leverage.

The 1MDB scandal exposed how billions of dollars were stolen from Malaysia, moved through offshore structures and the int... more

This episode explores how conflict financing and hybrid threats expose gaps in the global anti-financial crime framework.

Wars and hostile state activities are not sustained by weapons alone. They depend on money, commercial networks, natural resou... more

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Recent Guests

Zoë Reiter
Director of Combating Kleptocracy at the National Endowment for Democracy
National Endowment for Democracy
Episode: Kleptocracy: Exposing It is Not Enough
Tom Robinson
Chief scientist and founder of blockchain analytics company Elliptic
Elliptic
Episode: A7A5: Russia's Stablecoin Lifeline
Clare Rewcastle Brown
Investigative journalist and author of The China Contract
Investigative journalist
Episode: From 1MDB to The China Contract
Justyna Gudzowska
Executive director of The Sentry
The Sentry
Episode: Financing War in the Grey Zone
Olivia Allison
RUSI Associate Fellow and Independent Researcher
RUSI
Episode: Financing War in the Grey Zone
Jonathan Burke
Assistant Secretary for Terrorist Financing and Financial Crimes at the US Treasury Department
US Department of the Treasury
Episode: From Compliance to Risk Management: A View from the US Treasury
Elisa de Anda Madrazo
Outgoing FATF President (two-year presidency)
FATF
Episode: Can the Financial Action Taskforce Turn Standards into Results?
Jason Blazakis
Former Director of Counterterrorism Finance and Designations, US State Department; Professor at the Middlebury Institute in Monterey, California
Middlebury Institute / US State Department (former)
Episode: Can Terrorist Financing Ever Be Stopped?
Matthew Levitt
Director of the Reinhard Programme on Counterterrorism and Intelligence at the Washington Institute for Near East Policy
The Washington Institute for Near East Policy
Episode: Iran's Long (Financial) Arm in Europe

Hosts

Tom Keatinge
Host of STR: Suspicious Transaction Report, Director of the Centre for Finance and Security at RUSI
Kinga Redłowska
Co-host referenced in episodes, Head of the Centre for Finance and Security at RUSI, Europe

Reviews

4.9 out of 5 stars from 86 ratings
  • Quality international news behind the news

    Expert guest commentators, solid presentation comprehensive coverage.

    Apple Podcasts
    5
    jackscratch128
    United States2 years ago
  • Excellent content

    Topical and well-hosted; great guests too!

    Apple Podcasts
    5
    anton-m
    Australia3 years ago
  • Russophobic garbage

    Russophobic garbage

    Apple Podcasts
    1
    Cat939
    United States3 years ago
  • Really informative

    Working in the baking sector, I am really enjoying this podcast. Hopefully there will be more

    Apple Podcasts
    4
    ClaudiafromSA
    South Africa7 years ago
  • Fantastic Podcast

    Informative and accessible, would recommend to anyone

    Apple Podcasts
    5
    Rose5788643
    United Kingdom7 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

A mix of praise and occasional criticism around perceived bias or tone
Strong, expert-focused analysis of global financial crime and sanctions
High-caliber guests delivering deep dives into policy and enforcement

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

Kleptocracy: Exposing It is Not Enough
Q: How does it fit into the wider kleptocratic system?
Keating and Reiter describe cryptocurrency as a way to move and store wealth across borders outside traditional banking, while its links to exchanges and other financial systems create points where investigators and governments can trace flows and intervene. It can also help civil society move funds under authoritarian rule.
Kleptocracy: Exposing It is Not Enough
Q: What do we mean by Kleptocracy and how does it differ from ordinary corruption or large-scale theft?
Reiter defines kleptocracy as rule by thieves, where theft becomes the operating system of governance. It captures state institutions and uses state power to protect continued extraction and influence.
A7A5: Russia's Stablecoin Lifeline
Q: What would you want policymakers to be doing? What would you want them to be thinking?
Robinson recommends focusing on exchange venues that enable A7A5, tracing and cutting off USDT liquidity, screening funds at exit points and freezing assets linked to sanctioned activity. He also urges policymakers to account for the ways private stablecoins and blockchain infrastructure can adapt.
A7A5: Russia's Stablecoin Lifeline
Q: What sense do we get about the role of the Russian state then in this? Is there evidence that this is really a state-backed initiative?
Robinson says A7 and A7A5 are jointly owned by PSB and Ilan Shor, with the ruble reserves likely held by PSB. He describes the project as a commercial enterprise that is also state-directed and state-supported.
Financing War in the Grey Zone
Q: Justyna, you've seen the financial crime world from almost every angle. How does conflict financing differ from traditional AML concerns?
Conflict financing sits at the intersection of illicit finance and ongoing warfare, where revenue generation, laundering, and spending occur within the context of ongoing hostilities. It requires a shift in framing—from treating conflict as incidental to treating it as the main event, with cross-border and regional dynamics shaping risk indicators.

Audience Metrics

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Frequently Asked Questions About STR: Suspicious Transaction Report

What is STR: Suspicious Transaction Report about and what kind of topics does it cover?

A podcast focused on the financial dimensions of global security, illicit finance, and sanctions evasion. Across episodes, the show frequently covers how regimes, networks, and private sector actors interact to move money, evade controls, and undermine stability, with deep dives into FATF rounds, terrorist financing, crypto-enabled schemes, and enforcement responses. Notable strengths include access to leading policymakers, researchers, and practitioners, plus practical debates on policy design, international cooperation, and how new tools (like open data registries or targeted sanctions) reshape enforcement. The format tends to blend expert analysis with readable case studies, making complex financial crime topics accessible to professiona... more

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1. Global Security Briefing
2. The Rachman Review
3. Pekingology
4. Foreign Policy Live
5. The Foreign Affairs Interview

How many episodes of STR: Suspicious Transaction Report are there?

STR: Suspicious Transaction Report launched 7 years ago and published 117 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on STR: Suspicious Transaction Report?

Recent guests on STR: Suspicious Transaction Report include:

1. Zoë Reiter
2. Tom Robinson
3. Clare Rewcastle Brown
4. Justyna Gudzowska
5. Olivia Allison
6. Jonathan Burke
7. Elisa de Anda Madrazo
8. Jason Blazakis

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