The Financial Action Task Force is setting sights on the role of technology in AML at its latest virtual world plenary – currently underway.
The international financial crime watchdog estimates that by next year, 60% of global GDP will be digitised, eliminating the need for face-to-face contact and ID verification in many transactions.
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Bulgaria: EPPO probes into church restoration on suspicion of subsidy fraud
European Public Prosecutor's Office
(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.
Korean Ambassador, Kim Pankyu Lauds EFCC’s Anti-corruption Fight
EFCC
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.
Italian man charged over alleged 15kg meth import through Sydney Airport
Australia Federal Police
An Italian national is expected to appear before Downing Centre District Court today (22 November, 2024) charged with allegedly importing 15kg of methamphetamine into Australia concealed in his luggage.
Australian Border Force (ABF) officers allegedly detected the illicit drugs yesterday (20 November, 2024) after selecting the man, 18, for a baggage examination when he arrived at Sydney Airport on a flight from Europe.