BERLIN: Money laundering a ‘top-ten’ priority through 2025, says German regulator BaFin

Regulatory Watch News

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  High-Ranking Member of Sinaloa Cartel Indicted on Drug Conspiracy Charge

  US Department of Justice

  November 7, 2024

    A federal grand jury in Chicago indicted a high-ranking member of the Sinaloa Cartel for allegedly manufacturing cocaine, fentanyl, and other drugs in Mexico and importing them into the United States. According to an indictment returned Monday in the Northern District of Illinois, Jose Angel Canobbio Inzunza, 44, served as a principal advisor, lieutenant, and security chief for Ivan Archivaldo Guzman Salazar. Ivan Archivaldo Guzman Salazar, along with his three brothers, allegedly led a faction of the Sinaloa Cartel in Mexico after the arrest and imprisonment of their father, Joaquin Guzman Loera.

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  Encouraged by Lietuvos bankas, banks improved customer experience in the implementation of AML measures More: https://www.lb.lt/en/news/encouraged-by-lietuvos-bankas-banks-improved-customer-experience-in-the-implementation-of-aml-measures

  Lietuvos Bankas

  November 7, 2024

  Four commercial banks operating in Lithuania improved customer experience in the implementation of anti-money laundering (AML) measures in 2023. The banks took measures and action to improve customer experience in line with the agreement concluded in early 2023 with Lietuvos bankas which had identified AML requirements as a source of uncertainty for consumers.  

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  Netherlands: Two punished in EPPO investigation into employment funds fraud

  European Public Prosecutor's Office

  November 7, 2024

  (Luxembourg, 7 November 2024) – The European Public Prosecutor’s Office (EPPO) in Rotterdam (Netherlands) has finalised an investigation into a fraudulent scheme involving employment funds. The investigation focused on the misuse of European Social Fund (ESF) projects intended to promote sustainable employability for employees of small and medium-sized enterprises (SMEs) in the Netherlands.