ANALYSIS: TD ‘chose profits over compliance’ – U.S. law chief; bank had ‘convenient atmosphere’ for money laundering

Regulatory Watch News

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  Operation Venetic: Drug dealer caught with five kilos of cocaine found to have imported a further £17m worth

  National Crime Agency

  April 8, 2025

  A south London drug dealer convicted for supplying cocaine has been jailed after his seized encrypted phone showed he had imported more than half a tonne of the class A drug. Kurtis Hoyte, 35, from Beckenham, was investigated by the Organised Crime Partnership (OCP) – a joint National Crime Agency and Metropolitan Police Service unit. OCP officers arrested him in May 2020 after he was observed handing over five kilos of cocaine with an estimated street value of £180,000 to the driver of a flat-bed truck near Beckenham Hill Station.

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  Adoption of the revised EBA guidelines on money laundering and terrorist financing risk factors

  CSSF

  April 8, 2025

  These amending Guidelines complement the Guidelines on ML/TF risk factors by addressing the specific risks associated with crypto-assets and crypto-asset service providers (“CASPs”) and by providing for measures that CASPs and other credit and financial institutions should take to manage these risks.

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  Nearly a quarter of young adults admit to bank loan fraud – Cifas research

  CIFAS

  April 8, 2025

  • Latest research underpins consumer ‘acceptance’ of first party fraud
  • 12% of adults say they or someone they know have deceived their bank
  • Warning that fraud rules may unintentionally encourage more dishonest claims

  Around 1 in 4 (24%) 25-34-year-olds have either lied to their bank or know someone who has in the last 12 months, claiming a loan has been fraudulently applied for so they avoid repayments. That’s according to the latest Fraud Behaviours Survey findings from UK-leading fraud prevention service, Cifas.