Tighter AML rules in the UK art sector could put off wealthy collectors and drive them to markets like New York and Hong Kong, experts have warned.
Several industry figures say the regulations, which require stricter checks on art buyers, are making it harder for London to compete.
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Romania: EPPO charges seven individuals and two companies for misuse of agricultural funds
European Public Prosecutor's Office
(Luxembourg, 5 November 2024) The European Public Prosecutor’s Office (EPPO) in Timișoara (Romania) has accused seven individuals and two companies of subsidy fraud and forgery, involving three projects regarding the development of fruit harvesting and processing, with a value of over €1.4 million.According to the investigation, between February 2019 and June 2024, the suspects, including a mayor, successfully applied in the name of two companies for three projects financed by the European Agricultural Fund for Rural Development (EAFRD).
Valdecy Urquiza of Brazil elected new INTERPOL Secretary General
Interpol
GLASGOW, United Kingdom – INTERPOL’s General Assembly has elected Valdecy Urquiza as the next Secretary General of the world’s largest police organization.
The Brazilian Police Commissioner will take over at the close of the General Assembly on Thursday 7 November when the current Secretary General, Jürgen Stock, will finish his second and final mandate after being at the helm of the Organization for 10 years.
Thanking the delegates for their confidence in appointing him, Mr Urquiza vowed to promote equality and diversity within the Organization, coordinate with countries to deliver effective investigations and operations, and offer capacity building initiatives tailored to regional policing issues.
Banque de France and Monetary Authority of Singapore Conduct Groundbreaking Post-quantum Cryptography Experiment to Enhance Communication Security
MAS
Singapore, 5 November 2024… The Banque de France (BdF) and the Monetary Authority of Singapore (MAS) today announced the successful completion of a groundbreaking joint experiment in post-quantum cryptography (PQC) conducted across continents over conventional Internet technologies. The PQC experiment aims to strengthen communication and data security in the face of quantum computing advancements, and the successful experimentation marks a crucial milestone in the evolution of the protection of international electronic communications against the cybersecurity threats posed by quantum computing.