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INSIGHT: ‘He thought his assets were safe!’ – German and Italian FIUs help seize mafia gaming cash

Premium July 3, 2024

HEADQUARTERS: The HQ of the German FIU (pictured) is in Cologne where it shares offices and resources with Zoll, the German customs agency. The FIU also has a second office in Dresden in the east of the country.

NEWS: Looking for a wo/man in fincrime – last chance to apply for €290k AMLA chair

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UPDATE: TD’s CCO Kowal replaced by deputy Morrow as Canada’s under-fire bank rings in changes

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LATEST: Nordea failed to check €3.8BN Russia transactions as bank charged with AML offences in Denmark

By PAUL O’DONOGHUE, Senior Correspondent ITALIAN officials, acting on advice from their counterparts in Germany, have seized €109,000 believed to be sourced from gambling activities connected to the mafia. Italian police seized the cash from a 40-year-old Neapolitan man. The operation was connected to an investigation into “clandestine gambling” which resulted in 33 arrests last…

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NEWS: Looking for a wo/man in fincrime – last chance to apply for €290k AMLA chair

 Premium

UPDATE: TD’s CCO Kowal replaced by deputy Morrow as Canada’s under-fire bank rings in changes

 Premium

LATEST: Nordea failed to check €3.8BN Russia transactions as bank charged with AML offences in Denmark

Regulatory Watch News

  • Six People Indicted for Conspiracy to Commit Sex Trafficking in Massachusetts

    US Department of Justice

    Charges Include Trafficking a Minor by Force, Fraud and Coercion
    An indictment was unsealed last week in Boston charging Christy Parker, 26; Alexander Smalls, 25; Cory Primo, 42; Avvani Jeffers, 22; Tre’sean Reid, 21; and Tyreik Reid, 20, with conspiracy to commit sex trafficking and other sex trafficking charges. According to the indictment, between January and August 2023, Parker, Smalls, Tre’sean Reid and Tyreik Reid used force, threats of force, fraud and coercion to compel an adult woman to engage in commercial sex.

  • Issuance of OFAC Productions Submission Standards guidance

    OFAC

    Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) issued its OFAC Guidance: Production Submission Standards, updating OFAC’s former data delivery standards.  This guidance provides technical and general guidance to persons submitting material to OFAC and applies primarily to persons providing responses to administrative subpoenas, requests for information, disclosures, and especially for submissions that may entail voluminous documentation (e.g., more than 100 pages).

  • Romania: Three individuals and five companies indicted for €1 million fraud involving IT project

    European Public Prosecutor's Office

    (Luxembourg, 5 July 2024) – The European Public Prosecutor’s Office (EPPO) in Iași (Romania) has brought charges against three individuals and five companies for aggravated subsidy fraud and money laundering, following an investigation into an IT project, with an estimated damage of €1 million. Two of the suspects referred to the court of Iași remain in pre-trial detention.

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