Deutsche risking fines in United States over failures to address ‘persistent shortcomings’ in AML – insiders claim the bank is ‘backsliding’

Regulatory Watch News

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  EPPO appeals to the Court of Justice of the EU against the European Court of Auditors’ refusal to cooperate in a criminal investigation

  April 28, 2025

  (Luxembourg, 28 April 2025) - On 10 February 2025, the European Public Prosecutor’s Office (EPPO) filed an appeal (case number T-99/25) to the Court of Justice of the European Union, under Article 263, paragraph 4, TFEU, against the decision of the European Court of Auditors denying the request of the EPPO to allow a number of staff members of the Court of Auditors to testify in an ongoing criminal investigation. The summary of the appeal has been published today in the Official Journal.

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  SFC reprimands and fines Interactive Brokers Hong Kong Limited $4.2 million for regulatory breaches

  Securities and Futures Commission

  April 28, 2025

  The Securities and Futures Commission (SFC) has reprimanded and fined Interactive Brokers Hong Kong Limited (IBHK) $4.2 million for regulatory breaches in relation to the handling of client assets. The SFC’s investigation found that between 3 December 2017 and 23 October 2020, IBHK relied on expired standing authority of 7,911 clients and loaned their securities listed on the Stock Exchange of Hong Kong Limited pursuant to a securities borrowing and lending agreement. The incident arose from IBHK’s failure to send these clients renewal notices of the standing authority during the material time due to a programming error.

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  Brisbane man charged over seizure of meth, cocaine, heroin, steroids, ammunition and fireworks

  Australia Federal Police

  April 28, 2025

  A Queensland man is expected to appear in Brisbane Magistrates Court today (28 April, 2025) over the alleged discovery of almost 20kg of drugs, as well as ammunition and fireworks, inside a commercial premises in Newstead. The Manly West man, 50, was charged on 19 March, 2025, after the AFP and Queensland Police Service (QPS) searched multiple properties as part of a joint Taskforce Venator drug trafficking investigation.