Category: Canada

Regulatory Watch News

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  Bogus Cryptocurrency Platform- Paragonix Earn

  Isle of Man Financial Services Authority

  October 30, 2024

  The Authority has become aware of the websites listed above that are promoting the cryptocurrency trading scam Paragonix Earn. The websites purport to represent the business Paragonix Earn and are promoting its use on the Isle of Man. The address quoted on the website is a PO Box address in Douglas, Isle of Man, as far as we can ascertain they are not known to anyone genuinely associated to that address. The Authority wishes to draw attention to the following observations: The Authority has failed to establish any association between the websites and any genuine Isle of Man companies or businesses. As far as we can ascertain the websites nor those behind them are not known to anyone genuinely associated with the aforementioned Isle of Man PO Box address.

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  Italy: Investigation into €1 million embezzlement fraud involving social funds – EPPO seizes two properties

  European Public Prosecutor's Office

  October 30, 2024

  (Luxembourg, 30 October 2024) – At the request of the European Public Prosecutor’s Office (EPPO) in Milan (Italy), the Italian Financial Police (Guardia di Finanza) has seized two properties in an investigation into the embezzlement of €1 million in EU and national funds, involving a vocational training institute.

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  Second Sydney man charged with allegedly trafficking a child as part of organised crime syndicate

  Australia Federal Police

  October 30, 2024

  The AFP has charged a Sydney man with the alleged domestic trafficking of children, following a complex AFP-led human trafficking investigation in Australia and Indonesia. The man, 30, appeared before Manly Local Court today (30 October, 2024) after he was arrested at Manly yesterday and charged with the domestic trafficking of children and possession of child abuse material. The AFP will allege the man was a senior member of an organised crime syndicate which profited from trafficking women and children from Indonesia to Australia to be sex workers.