NEWS: Bank of America flags possible AML enforcement orders from regulators

Regulatory Watch News

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  JSOT criminally charges Thomas Norman David Fiddler of Lethbridge with fraud and money laundering

  FINTRAC

  November 5, 2024

  The Alberta Securities Commission (ASC) and the Alberta RCMP Federal Policing Integrated Market Enforcement Team (IMET) announce that Thomas Norman David Fiddler of Lethbridge, Alta., has been charged with five offences under the Criminal Code following an investigation by the Joint Serious Offences Team (JSOT). Fiddler has been criminally charged with four counts of fraud over $5,000 contrary to section 380(1)(a) and one count of laundering the proceeds of crime contrary to section 462.31(1)(a) of the Criminal Code. Through his company Re-O-Demo, it is alleged that Fiddler raised over $3.5 million from four investors for the purpose of investing in processing, cleaning and selling coal, but instead redirected a large portion of the investors’ funds to Fiddler’s other businesses and for personal use.

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  Romania: EPPO charges seven individuals and two companies for misuse of agricultural funds

  European Public Prosecutor's Office

  November 5, 2024

  (Luxembourg, 5 November 2024) The European Public Prosecutor’s Office (EPPO) in Timișoara (Romania) has accused seven individuals and two companies of subsidy fraud and  forgery, involving three projects regarding the development of fruit harvesting and processing, with a value of over €1.4 million. According to the investigation, between February 2019 and June 2024, the suspects, including a mayor, successfully applied in the name of two companies for three projects financed by the European Agricultural Fund for Rural Development (EAFRD). 

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  Valdecy Urquiza of Brazil elected new INTERPOL Secretary General

  Interpol

  November 5, 2024

  GLASGOW, United Kingdom – INTERPOL’s General Assembly has elected Valdecy Urquiza as the next Secretary General of the world’s largest police organization. The Brazilian Police Commissioner will take over at the close of the General Assembly on Thursday 7 November when the current Secretary General, Jürgen Stock, will finish his second and final mandate after being at the helm of the Organization for 10 years. Thanking the delegates for their confidence in appointing him, Mr Urquiza vowed to promote equality and diversity within the Organization, coordinate with countries to deliver effective investigations and operations, and offer capacity building initiatives tailored to regional policing issues.