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Russian fraud case dropped

Swiss courts to drop fraud case against Russian officials over lack of evidence; frozen assets to be released and investigation to be closed

Swiss private bank charged with money laundering just months before ceasing operations; former CEO to also appear in court

, Law experts have called for key reforms to re-emphasise the importance of tackling corruption

Legal experts say EU must act ‘without delay’ to ensure the bloc is as ready as possible to fight corruption

Criminals use paypal to launder money from covid-19 relief fund

US money launderers using apps such as Cash App, Venmo, Zelle and PayPal to exploit Covid-19 relief funds

NASDAQ acquires Verafin

AML firm to be acquired by Nasdaq in major multi-billion dollar deal

Head of NCA calls for reform on defensive reporting

British NCA chief calls for reform of SAR system to eliminate the challenges posed by ‘defensive reporting’

Cryptocurrency

Crypto and VASP expert says FATF must rethink its approach to virtual assets; claims current standards are ‘not fit for purpose’

Dutch Crypto firm criticises ‘ineffective and disproportionate’ new rules in update to customers

Greco urges Cyprus to implement code of ethics for MPs

Council of Europe anti-corruption body Greco urges Cyprus to implement code of ethics for MPs

BELGIAN BANKS have joined forces to push for a centralised platform for information-sharing to combat Money laundering.

Belgium looks to follow Netherlands as top banks push for money laundering information-sharing

Airbnb

Airbnb says it may have violated international sanctions; admits ‘significant monetary penalties’ possible

Paysera fined for not following AML laws

Online payment company receives €370k fine for ‘significant shortcomings’ in AML practices; plans to appeal on proportionality grounds

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Six arrested following joint NCA and Police Scotland drugs operation
National Crime Agency
May 30, 2025
Six people have been charged as part of a joint National Crime Agency and Police Scotland investigation into the supply of controlled drugs. Officers from the Organised Crime Partnership Scotland, a specialist team made up of NCA and Police Scotland investigators, arrested the individuals at a number of addresses around Glasgow and Coatbridge on Wednesday 28 and Thursday 29 May.
HKMA warns public of fraudulent social media accounts impersonating HKMA Chief Executive
HKMA
May 30, 2025
The Hong Kong Monetary Authority (HKMA) today (30 May) urged members of the public to be vigilant against fraudulent social media accounts impersonating Mr Eddie Yue, Chief Executive of the HKMA. The HKMA clarified that its latest news and work priorities are only disseminated through official channels, including the official website and social media accounts (for details, please visit www.hkma.gov.hk). Any other personal social media accounts or pages claiming to represent the HKMA Chief Executive are fake.
Inside a scam compound: Victims help shape global response at cybercrime forum
Australia Federal Police
May 30, 2025
The AFP has joined law enforcement partners from across the globe to address cybercrime threats emerging from Southeast Asia, including one alarming trend where victims are trafficked, coerced and harmed into becoming elite scammers. The Cybercrime Leaders Working Group (CLWG) held in Cebu, Philippines, this month (May, 2025), drew law enforcement leaders from Southeast Asia, Australia and Qatar to collaborate on the disruption of cybercrime across Southeast Asia.