INSIGHT: The 5 key take outs from the AML Intelligence Roundtable with EU Finance Commissioner McGuinness as bloc moves closer to sweeping AML changes

Regulatory Watch News

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  Financial sanctions update: Frozen Assets Reporting 2024

  OFSI

  November 22, 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 by the extended deadline of Monday 25 November 2024.

  This email is a final reminder that you are required to report the value of all assets as they stood at close of business on Monday 30 September 2024.

  Your report must include details of all funds or economic resources frozen in the UK and overseas, where these funds or economic resources are subject to UK financial sanctions legislation.

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  MONEYVAL launches the evaluation process of Armenia

  MONEYVAL

  November 22, 2024

  MONEYVAL has officially launched its 6th round of mutual evaluation of Armenia. In this context, a high-level exchange was held, with the participation of the Governor of the Central Bank of the Republic of Armenia, the Chairman of the Interagency Committee on combating money laundering, terrorism financing and proliferation financing of Armenia (Interagency Committee) and the Chair of MONEYVAL, Mr Nicola MUCCIOLI. The intervenors stressed the importance of the assessment process and the commitment of the country’s authorities to its success.

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  Bulgaria: EPPO probes into church restoration on suspicion of subsidy fraud

  European Public Prosecutor's Office

  November 22, 2024

  (Luxembourg, 22 November 2024) – At the request of the European Public Prosecutor’s Office (EPPO) in Sofia (Bulgaria), ten searches were carried out on Wednesday, in a probe into suspected subsidy fraud involving the restoration of a church, funded by the EU.  During the searches, conducted in Burgas, Petrich, Rila and Sofia, documents and evidence were seized.