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NEWS: How Israeli air strikes on Hezbollah and Iran linked banks have hit right at heart of group’s global finances

Premium October 21, 2024

STRIKES: Israeli military Chief of staff Herzi Halevi said on Monday (October 21) that Israel targeted Hezbollah-linked financial institution, Al-Qard Al-Hassan Association, explaining that it is funded by Iran. File Photo shows: Israeli Defense Minister Yoav Gallant (L) in talks Halevi (R) and army commanders in Jerusalem on July 20, 2024. Israel's Ministry of Defense / Handout / AnadoluNo Use USA No use UK No use Canada No use France No use Japan No use Italy No use Australia No use Spain No use Belgium No use Korea No use South Africa No use Hong Kong No use New Zealand No use Turkey

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NEWS: UK uses sanctions against citizen involved with ‘New IRA’ terror group

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NEWS: Norway wealth fund’s watchdog to probe shoemakers, crypto firms over ethics in 2025

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NEWS: ‘Australia had a hole in its AML standards for a long time’ – head of AUSTRAC

By AML Intelligence Correspondents ISRAELI military Chief of staff Herzi Halevi said on Monday (October 21) that Israel targeted Hezbollah-linked financial institution, Al-Qard Al-Hassan Association, explaining that it is funded by Iran. One of the buildings destroyed was said to hold a bunker containing millions of dollars in gold and cash belonging to Hezbollah. In…

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NEWS: UK uses sanctions against citizen involved with ‘New IRA’ terror group

 Premium

NEWS: Norway wealth fund’s watchdog to probe shoemakers, crypto firms over ethics in 2025

 Premium

NEWS: ‘Australia had a hole in its AML standards for a long time’ – head of AUSTRAC

Regulatory Watch News

  • Financial sanctions update: Counter-Terrorism (Domestic)

    OFSI

    1 entry has been added to the consolidated list under the Counter-Terrorism (Domestic) regime. On 3 December 2024, pursuant to The Counter-Terrorism Regulations, HM Treasury designated the following individual, who is now subject to an asset freeze:

    • Brian Anthony Sheridan (Group ID: 16705)
    This action is the third use of the Treasury-led domestic counter terrorism regime, used to target those who it has reasonable grounds to suspect are involved in terrorist activity.

  • Drug cartel grind to a halt with six major arrests in Colombia

    Europol

    In a long-term investigation supported by Europol, law enforcement authorities from Belgium, Colombia and Spain have dismantled a drug ring orchestrating large-scale cocaine trafficking from Colombia to the EU. The national authorities involved arrested 32 individuals in total, including the leader of the network. Law enforcement also seized 5.8 tonnes of cocaine in Colombia (Cartagena and Baranquilla) and on European soil in Spain (Barcelona and Valencia) and Belgium (Antwerp). The sting was coordinated by Europol’s Operational Taskforce.

  • EFCC Makes Single Largest Asset Recovery till Date

    EFCC

    Justice Jude Onwuegbuzie, on Monday,  December 2, 2024 gave a ruling on a final forfeiture of an estate in Abuja  measuring 150,500 square metres and containing 753 Units of duplexes and other apartments.  This is the  single largest  asset recovery by the Economic and Financial Crimes Commission, EFCC, since its inception in 2023.   The Estate rests on on Plot 109 Cadastral Zone C09, Lokogoma District, Abuja The forfeiture of the property to the federal government by a former top brass of the government was pursuant to EFCC’s mandate and policy directive of ensuring that the corrupt and fraudulent do not enjoy the proceeds of their unlawful activities. In this instance, the Commission relied on Section 17 of the Advance Fee Fraud And Other Fraud Related Offences Act No 14, 2006 and Section 44 (2) B of the Constitution of the 199 Constitution of the Federal Republic of Nigeria to push its case.

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