Category: Compliance

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Chairman of UK Treasury Committee wants to know what action FCA is taking after FinCEN Leaks show up London as ‘Laundromat’

Dutch banking leaders believe transaction monitoring ‘battle group’ is set to revolutionize AML sector

Former Chief of Staff to Maltese ex-PM arrested amid money laundering investigation

FinCEN files ‘a blessing in disguise’ for law-reform advocates

Malaysia’s reputation suffers as FinCEN files reveal laundering trails

Hong Kong makes reassurances following FinCEN files release

Former government expert decries Swiss AML efforts amid FinCEN revelations

Julius Baer plans second pay-out to USA for role in FIFA scandal

US plans major update to AML rules to ensure financial institutions have ‘effective and reasonably designed anti-money laundering program’

US charges two Russians with defrauding millions in cryptocurrency scam

Malta’s FIAU issues new guidelines on suspicious transaction reporting

Leaked EU proposal calls for bloc-wide crypto asset regulations

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Romania: Over 300 searches in €1.32 million EU subsidy fraud involving beekeeping
European Public Prosecutor's Office
May 19, 2025
(Luxembourg, 19 May 2025) - The European Public Prosecutor’s Office (EPPO) in Timișoara (Romania) conducted 307 searches in 15 counties of Romania over the last two months, in an investigation into a suspected €1.32 million EU subsidy fraud involving beekeeping projects. The investigation concerns 388 single payment requests submitted to the Romanian Agency for Payments and Intervention in Agriculture (APIA) during the 2023 and 2024 agricultural campaigns, for financial support in the beekeeping sector. These requests were co-financed by the European Agricultural Guarantee Fund (EAGF) and the national budget, each covering 50% of the amount granted
Fraudulent websites and internet banking login screens related to The Bank of East Asia, Limited
HKMA
May 19, 2025
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by The Bank of East Asia, 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.
NSW man jailed in WA for trafficking 5.7kg of meth and dealing with almost $640,000 in suspected criminal proceeds
Australia Federal Police
May 19, 2025
A New South Wales man has been sentenced in Western Australia to 10 years and six months’ imprisonment for drug trafficking and dealing in the suspected proceeds of crime, after investigations that also resulted in the forfeiture of cash. The Perth District Court sentenced the man, 37, last week (14 May, 2025) after he pleaded guilty to two offences. He must serve a minimum non-parole period of six years.