NEWS: Assets Managers charged by US DOJ in alleged $1.2BN money laundering scheme

Regulatory Watch News

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  Financial sanctions update: Russia

  OFSI

  November 19, 2024

  10 entries added to the consolidated list

  On 19 November 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. 10 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze and trusts services sanctions. More information can be found in the notice. OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes.

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  Romania: EPPO conducts searches in probe into €2 million subsidy fraud for growing and packaging vegetables

  European Public Prosecutor's Office

  November 19, 2024

  (Luxembourg, 19 November 2024) – The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca (Romania) is carrying out three house searches in Maramureș County, in an investigation into a suspected €2 million subsidy fraud, involving projects for growing and packaging vegetables.  On the radar of the EPPO are three projects to modernise a farm, financed by the European Agricultural Fund for Rural Development (EAFRD). The projects included the purchase of a line for sorting and packaging tomatoes and agricultural products, as well as the installation of photovoltaic panels for growing vegetables and other machinery.

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  Driving transparency, innovation, and compliance: the DFSA hosts Annual Outreach and releases 2024 Cyber Thematic Review

  DFSA

  November 19, 2024

  Dubai, UAE, 19 November 2024: The Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in and from the Dubai International Financial Centre (DIFC), today hosted its Annual Outreach session, drawing more than 500 participants from across the financial services sector. The event underscores the regulator’s commitment to enhancing industry collaboration, innovation, and compliance.