NEWS: Former CEO of disbanded Dutch banks’ AML coalition, TMNL – ‘It was special’

Regulatory Watch News

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  Booz Allen Agrees to Pay $15.875M to Settle False Claims Act Allegations

  US Department of Justice

  January 4, 2025

  Booz Allen Hamilton Holding Corporation (Booz Allen) has agreed to pay the United States $15,875,000 to resolve allegations that Booz Allen Hamilton Engineering Services LLC (BES), a wholly owned subsidiary of Booz Allen, violated the False Claims Act by knowingly submitting fraudulent claims to the United States in connection with a General Services Administration (GSA) task order to supply computer military training simulators and systems to Department of Defense (DoD) agencies, including the Air Force. Booz Allen, which is headquartered in McLean, Virginia, provides a range of management, consulting and engineering services to the government. BES was an engineering services firm located in Annapolis Junction, Maryland, with offices in Dayton, Ohio, and other locations.

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  Treasury Sanctions Technology Company for Support to Malicious Cyber Group

  OFAC

  January 4, 2025

  WASHINGTON – Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Integrity Technology Group, Incorporated (Integrity Tech), a Beijing-based cybersecurity company, for its role in multiple computer intrusion incidents against U.S. victims. These incidents have been publicly attributed to Flax Typhoon, a Chinese malicious state-sponsored cyber group that has been active since at least 2021, often targeting organizations within U.S. critical infrastructure sectors.

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  Italy: EPPO charges nine suspects and five companies with fraud to obtain €4 million for aquaculture

  European Public Prosecutor's Office

  January 3, 2025

  (Luxembourg, 3 January 2025) – The European Public Prosecutor’s Office (EPPO) in Rome (Italy) has charged nine individuals and five companies with aggravated fraud to obtain €4 million for the aquaculture sector, funded by the European Maritime and Fisheries Fund (EMFF). At issue are five cooperative societies, suspected of submitting false documentation and fictitious insurance policies, in order to obtain €4 million for the construction of new fish tanks and a fish boat for the aquaculture sector. During the application procedure, one of the companies was barred from receiving any funds, after it was sanctioned with an anti-mafia preventive measure.