INSIGHT: US’s FinCEN signals real estate is next in line for money laundering crackdown

Regulatory Watch News

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  International conflicts, hacker attacks and significant operational disruptions fill the Danish Financial Supervisory Authority’s risk picture.

  The Danish Financial Supervisory Authority

  December 18, 2024

  The Danish Financial Supervisory Authority's semi-annual risk picture shows that international conflicts and hacker attacks, which can cause significant operational disruptions and threats to critical digital infrastructure, continue to pose a significant risk to financial companies and financial stability.

  The risk picture describes the primary risks that the financial system faces, and which are the starting point for the priorities in the Danish FSA's supervision of financial institutions in 2025.

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  9 drug traffickers arrested and EUR 27 million in cryptocurrencies seized

  Europol

  December 18, 2024

  Europol has supported law enforcement authorities from six countries in taking down underground bankers who were moving and laundering the proceeds of large-scale drug trafficking and other serious crimes. Building on the findings from two major investigations, Operation GORGON and Operation WHITEWALL, this follow-up operation involved close collaboration between Europol’s experts in serious and organised crime and in financial investigations. It led to the arrest of nine suspects and the seizure of evidence (documents, mobile phones), valuables (gold, luxury goods), EUR 35 000 in cash and EUR 25 million in cryptocurrencies.

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  Phishing instant messages related to Industrial and Commercial Bank of China (Asia) Limited

  HKMA

  December 18, 2024

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Industrial and Commercial Bank of China (Asia) Limited relating to phishing instant messages, which have been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.