NEWS: Germany’s FIU examining how it can use AI to fight financial crime

Regulatory Watch News

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  EUR 91 million worth of counterfeit and substandard food seized in Europe-wide operation

  Europol

  October 23, 2024

  Europol, OLAF, DG SANTE, DG AGRI, and 29 countries across Europe, as well as food and beverage producers from the private sector, joined forces in the 2024 edition of operation OPSON. This yearly operation, now in its thirteenth run, targets counterfeit as well as substandard food and beverages. Law enforcement, customs, and food regulatory agencies seized around 22 000 tonnes of food and around 850 000 litres of (mostly alcoholic) beverages.

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  Romania: Three charged with €1.2 million fraud involving irrigation systems

  European Public Prosecutor's Office

  October 23, 2024

  (Luxembourg, 23 October 2024) – Last week, the European Public Prosecutor’s Office (EPPO) in Bucharest (Romania) charged three individuals with fraud, following an investigation into projects for the modernisation of irrigation systems, supported by the EU. The suspects, who are accused of unduly receiving an advance of €1.2 million, were informed of the charges and of their rights and obligations.

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  $55 million meth import plot thwarted in Sydney, man charged

  Australia Federal Police

  October 23, 2024

  A Liverpool man is scheduled to appear before Downing Centre Local Court today (23 October, 2024) charged over his alleged role in the attempted importation of 60kg of methamphetamine into New South Wales. In September 2024, authorities in the United States located 95kg of methamphetamine from a sea-cargo consignment destined to travel from Los Angeles, United States to Sydney, Australia. US authorities removed the illicit drugs before the vessel travelled to Australia.