BREAKING: Major British Bank NatWest pleads guilty to AML failings surrounding £365M in suspicious transactions

Regulatory Watch News

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  Registration is now open – Training Session on Ongoing Monitoring Obligations for Subject Persons offering Directorship Services

  FIAU

  April 29, 2025

  The Financial Intelligence Analysis Unit (FIAU) would like to inform subject persons that it will be organising a half day (a.m.) training session on Ongoing Monitoring Obligations for Subject Persons offering Directorship Services. This session will be CPE accredited. The purpose of this training session is to give a comprehensive overview of the ongoing monitoring obligations as outlined in the PMLFTR and Implementing Procedures, and to provide insights from supervisory reviews on directorship services, while delving into key lessons derived from past enforcement actions and real-life case studies. A discussion on key indicators and patterns associated with the provision of directorship services will be held. There will also be a presentation covering the sanctions regulatory framework and the legal risks companies face by focusing on the responsibilities of directors and senior management in ensuring compliance with sectoral and targeted sanctions.

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  Slovakia: EPPO indicts farmer for fraud involving agricultural funds

  European Public Prosecutor's Office

  April 29, 2025

  (Luxembourg, 29 April 2025) – Today, the European Public Prosecutor’s Office (EPPO) in Bratislava (Slovakia) filed an indictment at the Specialised Criminal Court against one individual, for fraud involving projects for the cultivation of agricultural land. Over the course of three years (2020, 2021 and 2022), the accused individual, in his role as self-employed farmer, requested direct payments under the EU’s Common Agricultural Policy (CAP) for agricultural areas exceeding 100 hectares in East Slovakia.

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  Fraudulent websites and internet banking login screens related to Dah Sing Bank, Limited

  April 29, 2025

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Dah Sing Bank, Limited relating to fraudulent websites and internet banking login screens, which have been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.