The Financial Action Task Force (FATF) today upgraded China’s compliance on two of its recommendations, following progress addressing technical compliance deficiencies.
In its latest enhanced follow-up report, China was upgraded to partially compliant from non-compliant in Recommendation 7.
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Operation ENDGAME strikes again: the ransomware kill chain broken at its source
Europol
Cybercriminals around the world have suffered a major disruption after law enforcement and judicial authorities, coordinated by Europol and Eurojust, dismantled key infrastructure behind the malware used to launch ransomware attacks. From 19 to 22 May, authorities took down some 300 servers worldwide, neutralised 650 domains, and issued international arrest warrants against 20 targets, dealing a direct blow to the ransomware kill chain.
Announcement: FMA imposes sanction against Raiffeisen-Landesbank Steiermark AG for breaching due diligence obligations for the prevention of money laundering and terrorist financing
FMA
The Austrian Financial Market Authority (FMA) has imposed a fine of EUR 40,000 against Raiffeisen-Landesbank Steiermark AG. The proceedings were concluded in an accelerated manner pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz). The reason for the fine is a breach of the Financial Markets – Anti-Money Laundering Act (FM-GwG). Specifically, Raiffeisen-Landesbank Steiermark AG failed to continuously apply its policies and procedures regarding customer due diligence for monitoring of the business relationship on an ongoing basis. The penal order is final.
SEC Charges Former Real-Estate Investment CEO with Operating Multimillion Dollar Ponzi-Like Scheme
SEC
Washington D.C., May 22, 2025 —
The Securities and Exchange Commission today charged San Francisco Bay Area resident Kenneth Mattson, the former CEO of real estate investment business LeFever Mattson, with defrauding approximately 200 investors of at least $46 million by selling them fake interests in real estate investment limited partnerships. Many of these investors were retired senior citizens Mattson met through his church community.