FINANCIAL companies are not using the UK’s National Fraud Database for real time checks of their customers, new research has ound.
A new study from the UK’s Financial Conduct Authority looked cases at 13 different firms where accounts were suspected for money muling.
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Federal Financial Crime Team charges B.C. resident in connection to $47 million interprovincial money laundering scheme
The Royal Canadian Mounted Police
The RCMP Federal Policing Northwest Region’s Federal Financial Crime Team (FFCT) in Edmonton arrested a B.C. resident for organized crime and money laundering offences.
Between September 2018 and August 2020, 30-year-old Harry Seo of Burnaby, B.C., is alleged to have laundered proceeds of crime via online transactions of illicit cannabis in Alberta and British Columbia. He is one of a total of seven individuals who have been charged after allegedly laundering approximately $47 million as part of a criminal organization.
Report Highlights EU’s approach to Export Controls of Dual-Use items
European Commission
A European Commission report assessing patterns of Member State exports of dual-use items shows that both authorisations and denials for the export of those most sensitive goods is on the rise as compared to 2021.
The Report - which is the first of its kind – is mandated by the modernised EU Export Control Regulation. It provides not only a complete overview of 2022 data but also includes key highlights from 2023 and 2024. The Report concludes that there is an increased scrutiny on the part of the EU and Member States when considering the export of dual-use items
Romania: EPPO probes eleven people in investigation into €166 000 fraud involving employment funds
European Public Prosecutor's Office
(Luxembourg, 31 January 2025) – The European Public Prosecutor’s Office (EPPO) in Timișoara (Romania) arrested two suspects and carried out searches and seizures in an investigation into a €166 000 fraud involving EU funds intended to hire persons in a vulnerable situation.According to the investigation, between 2020 and 2023, eleven suspects applied for five projects mainly funded from the European Social Fund (ESF), amounting to a total value of €166 000. The goal of the projects was to integrate 34 persons in a vulnerable situation into the job market for a period of 12 months.