NEWS: Singapore passes new AML bill, lowering threshold for money laundering prosecutions

Regulatory Watch News

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  European Prosecutors for Poland and Sweden take oath before the Court of Justice of the EU

  European Public Prosecutor's Office

  May 5, 2025

  (Luxembourg, 5 May 2025) – Today, at the Court of Justice of the European Union in Luxembourg, the European Prosecutors for Poland and Sweden gave the solemn undertaking to comply with the obligations arising from their duties. They were recently appointed to the European Public Prosecutor’s Office (EPPO) by the Council of the EU, following the decision of Poland and Sweden to join the EPPO. They are appointed for a non-renewable term of six years.

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  DFSA Annual Report 2024 published: a year marking key regulatory developments, continuous supervisory activity, and strengthened stakeholder engagement

  DFSA

  May 5, 2025

  Key Highlights from the DFSA Annual Report 2024:

  • Introduction of updated regulatory frameworks for audit, crypto, and client assets.
  • 10 consultation papers and eight thematic review reports published, reinforcing transparency and alignment with international best practices.
  • Enforcement action taken against five firms and three individuals, resulting in fines totalling USD 2.5 million.
  • 154 new firms licensed and registered, bringing the total to 902 regulated entities – a 14% increase from 2023, led by a 75% surge in wealth management licence issuances.
  • The DIFC remains one of the world’s largest jurisdictions for the issuance of listed sukuk with USD 95.4 billion of outstanding sukuk listings.
  • The DFSA is now a signatory to 117 bilateral Memoranda of Understanding (MoUs), five multilateral MoUs, and eight innovation agreements – facilitating regulatory cooperation and collaboration.

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  AFP, INTERPOL and EUROPOL partnerships protecting Australia and its interests

  Australia Federal Police

  May 5, 2025

  It’s shared information on a new type of drug concealment seen in Melbourne that leads to the smashing of a drug cartel in Chile and arrests in Spain. It’s a report of utes stolen in Sydney that opens further investigative avenues when the same vehicles turn up in Sudan. It’s taking control of a ransomware dark web site to target and disrupt ransomware and share thousands of intelligence packages to 33 countries to assist victims.