Three Chinese nationals face laundering charges after tax fraud scheme found to have disguised dirty money as restaurant profits.

Regulatory Watch News

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  MONEYVAL launches the evaluation process of Armenia

  MONEYVAL

  November 22, 2024

  MONEYVAL has officially launched its 6th round of mutual evaluation of Armenia. In this context, a high-level exchange was held, with the participation of the Governor of the Central Bank of the Republic of Armenia, the Chairman of the Interagency Committee on combating money laundering, terrorism financing and proliferation financing of Armenia (Interagency Committee) and the Chair of MONEYVAL, Mr Nicola MUCCIOLI. The intervenors stressed the importance of the assessment process and the commitment of the country’s authorities to its success.

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  Bulgaria: EPPO probes into church restoration on suspicion of subsidy fraud

  European Public Prosecutor's Office

  November 22, 2024

  (Luxembourg, 22 November 2024) – At the request of the European Public Prosecutor’s Office (EPPO) in Sofia (Bulgaria), ten searches were carried out on Wednesday, in a probe into suspected subsidy fraud involving the restoration of a church, funded by the EU.  During the searches, conducted in Burgas, Petrich, Rila and Sofia, documents and evidence were seized. 

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  Korean Ambassador, Kim Pankyu Lauds EFCC’s Anti-corruption Fight

  EFCC

  November 22, 2024

  The Korean Ambassador to Nigeria, Kim Pankyu, has commended the Economic and Financial Crimes Commission, EFCC, on its sustained efforts to stamp out economic and financial crimes and corruption in the country. He gave the commendation in Lagos on Thursday, November 21, 2024 when he led a delegation on a courtesy visit to the office of the acting Director of the Lagos Zonal Directorate of the EFCC,  Michael T. Wetkas. Speaking during the brief meeting, Pankyu praised the EFCC for its tireless efforts in combating economic and financial crimes in the country and also pledged to support its activities.