ANALYSIS: Inside Europe’s new AML law – everything you need to know

Regulatory Watch News

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  Russia’s war of aggression against Ukraine: EU lists two individuals and four entities for circumventing EU sanctions and materially supporting the Russian government

  European Council

  June 28, 2024

  The Council today decided to impose restrictive measures against two individuals and four entities responsible for actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. The Council is listing Dmitry Beloglazov, and his company LLC Titul. Dimitry Beloglazov is responsible for setting up a complex circumvention scheme together with Oleg Deripaska, who is already subject to EU restrictive measures. His company LLC Titul created a subsidiary called Joint Stock Company Iliadis to acquire Oleg Deripaska’s share in the International LLC Rasperia Trading Limited. Rasperia owns €28,5 million shares in another European company, STRABAG SE, the assets of which have been frozen as a result of EU restrictive measures. Through this mechanism, Deripaska managed to sell his Rasperia frozen assets, and received an equivalent economic benefit. In view of this circumvention scheme, JSC Iliadis and Rasperia were also sanctioned by the Council.

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  SFC warns public of Tokencan, VBIT Exchange and HKD.com Corporation for suspected virtual asset-related fraud and/or unlicensed activities

  Securities and Futures Commission

  June 28, 2024

  The Securities and Futures Commission (SFC) today warned the public of entities operating under the following names for suspected virtual asset-related fraudulent activities and/or purporting to operate virtual asset trading platform (VATP) in Hong Kong without a licence

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  Two Melbourne men jailed over failed 488kg meth import

  Australia Federal Police

  June 28, 2024

  Two Melbourne-based criminal syndicate members have been sentenced to a combined 33 years’ behind bars for attempting to import over $97.7 million dollars’ worth of methamphetamine into Australia. An Aintree man, 29, and a Melbourne man, 39, were sentenced in the Melbourne County Court today (Friday 28 June, 2024), after pleading guilty over their failed attempts to import a total of 488kg of methamphetamine into Australia in two separate consignments sent from Thailand and Malaysia in 2020.