NEWS: Dutch FIU seizes €7M in takedown of Russia-linked crypto exchanges PM2BTC and Cryptex

Regulatory Watch News

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  Financial sanctions update: Cyber and Haiti

  OFSI

  October 1, 2024

  On 1st October 2024  the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. 16 entries have been added to the Cyber financial sanctions regime and are now subject to an asset freeze. Further information can be found in the notice.  

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  Italy: €2.4 million seized from companies evading anti-dumping duties

  European Public Prosecutor's Office

  October 1, 2024

    (Luxembourg, 1 October 2024) – At the request of the European Public Prosecutor’s Office (EPPO) in Bologna (Italy), the Italian Financial Police (Nucleo di Polizia Economico Finanziaria - Guardia di Finanza) in Ferrara executed a freezing order of nearly €2.4 million from two companies involved in the import of stainless steel coils. The companies and their administrators are being investigated for evading customs duties and ideological forgery.

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  Police recover $777,000 of a victim’s funds stolen in BEC scam

  Australia Federal Police

  October 1, 2024

  Police have recovered $777,000 stolen in a Business Email Compromise (BEC) scam after the victim sought help quickly – highlighting the importance of reporting cybercrimes to authorities as soon as possible. As part of Cyber Security Awareness Month, which starts today (1 October, 2024), the AFP-led Joint Policing Cybercrime Coordination Centre (JPC3) is sharing how Australians commonly become victims of BEC scams and how they can protect themselves by setting up multi-factor authentication (MFA) and checking the accuracy of email addresses.