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NEWS: Capgemini completes its acquistion of FCC division of Exiger

Premium October 25, 2023

ACQUISITION: “In an industry where compliance processes are still very manual, the end-client experience is an ongoing struggle. The cost of compliance continues to increase to keep up with evolving regulations. Yet the financial system stops only a fraction of illicit financial flows. The financial services industry is therefore poised to adopt expert-driven data and technology powered solutions to enable end-to-end FCC transformation,” said Samar Pratt, President of the FCC Division of Exiger.

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NEWS: EU freezes €520M in enormous Mafia-linked VAT fraud case dubbed ‘Moby Dick’

NEWS: EU considers adding Russia to money laundering blacklist – flags possible break from FATF

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NEWS: French far right leader Marine Le Pen faces possible 5-year ban from office in embezzlement case

By ALISHA HOULIHAN for AML Intelligence CAPGEMINI has formally completed its acquisition of the Financial Crime Compliance (FCC) division of Exiger. The French company – a sponsor of the Rugby World Cup – said the acquisition will strengthen its offerings in financial crime, risk management and regulatory compliance services. Founded in 2013, the FCC division…

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Premium

NEWS: EU freezes €520M in enormous Mafia-linked VAT fraud case dubbed ‘Moby Dick’

NEWS: EU considers adding Russia to money laundering blacklist – flags possible break from FATF

 Premium

NEWS: French far right leader Marine Le Pen faces possible 5-year ban from office in embezzlement case

Regulatory Watch News

  • nternational Day against Transnational Organized Crime – 15 November

    UNODC

    On 15 November 2024, the world marks the first International Day for the Prevention of and Fight against All Forms of Transnational Organized Crime (TOC), established by General Assembly resolution 78/267. This day highlights the urgent need for global solidarity to counter the rising threat of organized crime, which undermines peace, security and progress toward the Sustainable Development Goals (SDGs). Criminal networks are exploiting global vulnerabilities on a vast scale—from human trafficking to environmental destruction and cybercrime. Organized crime operates across borders, posing serious challenges that no country can tackle alone.

  • Publication of the Mutual Evaluation Reports for Marshall Islands, Papua New Guinea and Timor-Leste

    APG

    The 3rd Round APG Mutual Evaluation Reports (MERs) for the Marshall Islands, Papua New Guinea and Timor-Leste were adopted by the APG membership in September 2024. These MERs provide a snapshot of the Marshall Island’s system as at the date of the onsite visit in November/December 2023, Papua New Guinea’s system at the date of the onsite in October 2023 and Timor-Leste’s system as at the date of the onsite visit in September 2023. After completing the post adoption review process, the APG is pleased to be able to present the final the Marshall Islands, Papua New Guinea and Timor-Leste MERs. The reports are available for download via the Documents section of this website, under Members and Observers and under Mutual Evaluation Reports - 3rd Round.

  • Investigation ‘Moby Dick’: Mafia clans invest in €520 million VAT fraud

    European Public Prosecutor's Office

      (Luxembourg, 14 November 2024) – In an investigation led by the European Public Prosecutor’s Office (EPPO) in Milan and Palermo (Italy), code-named 'Moby Dick', detention orders are being executed against 43 suspects. The EPPO is probing a €520 million VAT fraud, with heavy involvement of several mafia groups.  During today’s action, led by the EPPO, 160 searches are being carried out in more than 10 countries, involving hundreds of police officers. Investigative measures are ongoing in several EU countries, including Bulgaria, Croatia, Cyprus, Czechia, Italy, Luxembourg, the Netherlands, Slovakia and Spain, as well as in non-EU countries. A total of 195 individuals are being investigated, with more than 400 companies involved. 

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