Jersey trust fined over £500k for AML breaches which could have put millions of Angolan public funds at risk

Regulatory Watch News

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  Lithuania: Nine suspects detained in probe into €4 million fraud involving Covid-19 equipment

  European Public Prosecutor's Office

  April 26, 2024

  (Luxembourg, 26 April 2024) – Last week, 40 searches were conducted and nine suspects were detained, in an investigation led by the European Public Prosecutor’s Office (EPPO) in Vilnius (Lithuania) into a €4 million subsidy fraud. At issue are four projects co-funded by the EU, including one for the production of Covid-19 protective equipment.

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  Founders and CEO of cryptocurrency mixing service arrested and charged with money laundering and unlicensed money transmitting offenses

  IRS Criminal Investigation

  April 25, 2024

  Keonne Rodriguez and William Lonergan Hill are charged with operating Samourai Wallet, an unlicensed money transmitting business that executed over $2 billion in unlawful transactions and laundered over $100 million in criminal proceeds

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  Treasury Targets Networks Facilitating Illicit Trade and UAV Transfers on Behalf of Iranian Military

  OFAC

  April 25, 2024

  WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning over one dozen entities, individuals, and vessels that have played a central role in facilitating and financing the clandestine sale of Iranian unmanned aerial vehicles (UAVs) for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL), which itself is involved in supporting Iran’s Islamic Revolutionary Guard Corps (IRGC) and Russia’s war in Ukraine.