Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

EU, Financial Crime

NEWS: MEPs say data sharing crucial in preventing fincrime at Ports of Antwerp and Rotterdam

Premium April 16, 2025

A ship cruises at the port of Antwerp, Belgium February 7, 2023. REUTERS/Clement Rossignol/File Photo

Premium

NEWS: Warnings that Trump’s GENIUS Act could enable money laundering

NEWS: Bargain Hunt art expert charged in terrorist financing probe

INSIGHT: SWIFT’s Avalon Ingram reveals how ‘Digital Twins’ are transforming compliance in EAFCS2025 address

By PAUL O’DONOGHUE, Senior Correspondent

DATA sharing is needed to combat financial crime and drug trafficking at the Ports of Antwerp and Rotterdam, MEPs have said.

A group of MEPs travelled to the two ports, located in Belgium and the Netherlands, on 14 and 15 April. There, they examined efforts to combat drug trafficking and organized crime.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in
Premium

NEWS: Warnings that Trump’s GENIUS Act could enable money laundering

NEWS: Bargain Hunt art expert charged in terrorist financing probe

INSIGHT: SWIFT’s Avalon Ingram reveals how ‘Digital Twins’ are transforming compliance in EAFCS2025 address

Regulatory Watch News

  • The EBA updates technical standards on resolution planning reporting

    European Banking Authority

    The European Banking Authority (EBA) today published its updated final draft implementing technical standards (ITS) on resolution planning reporting. This comprehensive review of the ITS on the provision of information for the purposes of resolution plans seeks to achieve full harmonisation of reporting requirements in the EU and avoid duplication of data requests, thus reducing the cost of compliance with resolution planning reporting obligations by institutions. Proportionality has been a key driver of this regulatory product.

  • Sixteen searches in Belgium, Germany, Portugal and the Netherlands in customs fraud investigation involving e-bikes from China

    European Public Prosecutor's Office

    (Luxembourg, 8 May 2025) – The European Public Prosecutor’s Office (EPPO) in Porto (Portugal) is leading an investigation into suspected large-scale customs fraud related to the import of e-bikes from China. Sixteen searches were conducted yesterday in Belgium, Germany, the Netherlands and Portugal, in order to collect evidence. The investigation, codenamed Pedelecs, revealed that, since 2020, a Portuguese company has been importing disassembled electric bicycles (e-bikes) from Chinese suppliers in separate parts, with the aim of circumventing the payment of anti-dumping duties applicable on the importation of fully assembled e-bikes. For that purpose, the consignments were deliberately misdeclared to the customs authorities.

  • David Geale appointed executive director for payments and digital finance

    Financial Conduct Authority

    The FCA has appointed David Geale as permanent executive director for payments and digital finance, and managing director of the Payment Systems Regulator (PSR).
    In his role David will be responsible for helping to deliver the National Payments Vision and driving the FCA’s work on open banking and digital finance. David will also play a key role in the work to consolidate the PSR into the FCA, as announced by the Government in March. He will also be responsible for supervising payments and cryptoasset firms under the recently announced regime.

Sign Up To Our Newsletter

Contact Us