BREAKING: Turkey set to be ‘grey listed’ by FATF for AML failures in further blow to country’s battered economy

Regulatory Watch News

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  Former Vice President and Controller of Publicly Traded Consumer Goods Company Sentenced to 13 Months for $1.6M Insider Trading Scheme

  US Department of Justice

  April 29, 2025

  A Florida man was sentenced yesterday in the Southern District of Florida to 13 months’ imprisonment and a $10,000 fine for his role in an insider trading scheme that netted over $1.6 million in profits. He was also ordered to pay over $200,000 in restitution and over $1.6 million in forfeiture. According to court documents, from November 2018 to April 2023, Stephen George, 54, of Parkland, was a member of the Finance Department and held roles including controller and vice president at a consumer-packaged goods company headquartered in Boca Raton, Florida (Company A). The company was the maker of a fitness drink whose securities were publicly traded on the NASDAQ Stock Market. At Company A, George received material non-public information (MNPI) regarding the company’s financial performance.

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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.