MORE than half of FATF members have yet to implement the watchdog’s revised standards around virtual assets.
The organisation’s latest 12-month review shows of 128 nations reporting, 70 have done little or nothing to incorporate those revised standards into their national laws.
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Egmont Group Executive Secretary’s Intervention at the No Money for Terror Conference
The Egmont Group
Today, at the ministerial conference of No Money for Terror in Munich, the Egmont Group Executive Secretary, Jerome Beaumont delivered a speech highlighting the critical role of Financial Intelligence Units (FIUs) in combating terrorism financing. The Executive Secretary emphasized the importance of multilateral information exchange and the innovative responses needed to address emerging risks posed by technological advancements.
Ukraine – Publication of the Fourth Round Addendum to the Second Compliance Report
GRECO
In a new report published today, the Council of Europe’s anti-corruption group GRECO concludes that Ukraine has satisfactorily implemented 18 out of 31 recommendations on corruption prevention in respect of members of parliament, judges and prosecutors. Of the remaining recommendations, 11 have been partly implemented and two have not been implemented. (See also the Ukrainian translation of the report, as provided by the authorities).
GRECO continues to recognise the strong commitment shown by Ukraine in respect of work to counter corruption at an extremely difficult time for this member State, during the ongoing war of aggression by the Russian Federation against Ukraine. The country continues to function under martial law and hence has to adjust its priorities, the Council of Europe’s anti-corruption body says.
Gangster brothers involved in cocaine theft from stash house ordered to pay back £81,000
The Crown Prosecution Service
Two brothers from an organised crime family who were jailed for their part in the theft of £1.2 million worth of cocaine from a Liverpool-based organised crime group have been ordered to payback £80,826 or spend nine months more in prison.
Jason, 38, and Craig Cox, 35, raided a house in Liverpool in May 2020 when they and their accomplices stole 30kg of the class A drug. In 2023 they were jailed for supplying cocaine, cannabis, conspiracy to possess criminal property, and conspiracy to commit robbery.