NEWS: ‘AML Bitcoin’ CEO convicted of $2M fraud scheme

Regulatory Watch News

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  Investigation ‘Fuel family’: EPPO seizes €20 million from criminal gang dedicated to VAT fraud

  European Public Prosecutor's Office

  April 23, 2025

  (Luxembourg, 23 April 2025) – The European Public Prosecutor’s Office (EPPO) in Bologna, Naples and Rome (Italy) today seized assets worth €20 million, including a tourism resort and over 150 properties, following an investigation code-named ‘Fuel family’ into a criminal gang alleged to have imported fuel to the Italian market while systematically evading VAT. At the request of the EPPO, the Italian Financial Police (Guardia di Finanza) in Piacenza seized an exclusive bathing resort, located in the province of Liguria; six high-value properties, located in the province of Piacenza; and 66 buildings and warehouses, as well as 77 plots of land, located in the provinces of Alessandria, Brindisi, Cuneo, Milan, Novara,  Piacenza and the municipality of Chiavari. In addition, law enforcement agents seized eight company offices, located in Milan and Piacenza, and company shares. Nine vehicles (including six luxury cars), three motorbikes and cash were also seized, and bank accounts were frozen.

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  The DFSA and The Union of Arab Securities Authorities Lead Regional Discussion on Innovation and Regulatory Advancement

  DFSA

  April 23, 2025

  The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), in collaboration with the Union of Arab Securities Authorities (UASA), hosted a high-level Regulatory Insights Session focused on fostering innovation across the financial services sector in the Arab region. Held in the DIFC, the session brought together senior representatives from both financial regulatory and capital market authorities from the region to explore opportunities, challenges, and regulatory approaches in the rapidly evolving financial services landscape.

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  Fraudulent websites and internet banking login screens related to Shanghai Commercial Bank Limited

  HKMA

  April 23, 2025

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Shanghai Commercial Bank Limited relating to fraudulent websites and internet banking login screens, which have been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.