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Regulatory Watch News

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  Encouraged by Lietuvos bankas, banks improved customer experience in the implementation of AML measures More: https://www.lb.lt/en/news/encouraged-by-lietuvos-bankas-banks-improved-customer-experience-in-the-implementation-of-aml-measures

  Lietuvos Bankas

  November 7, 2024

  Four commercial banks operating in Lithuania improved customer experience in the implementation of anti-money laundering (AML) measures in 2023. The banks took measures and action to improve customer experience in line with the agreement concluded in early 2023 with Lietuvos bankas which had identified AML requirements as a source of uncertainty for consumers.  

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  Netherlands: Two punished in EPPO investigation into employment funds fraud

  European Public Prosecutor's Office

  November 7, 2024

  (Luxembourg, 7 November 2024) – The European Public Prosecutor’s Office (EPPO) in Rotterdam (Netherlands) has finalised an investigation into a fraudulent scheme involving employment funds. The investigation focused on the misuse of European Social Fund (ESF) projects intended to promote sustainable employability for employees of small and medium-sized enterprises (SMEs) in the Netherlands.

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  Deadline Extension: Frozen Asset Review 2024 & Frequently Asked Question

  OFSI

  November 7, 2024

  OFSI is conducting its Frozen Asset Review. If you hold or control funds or economic resources belonging to, owned, held, or controlled by a designated person, you are required to submit a report to HM Treasury's OFSI. The new deadline is Monday 25 November 2024.

  For the details of this extension, please refer to the newly added FAQ 123 in the General section of our Frequently Asked Questions by clicking here.