Category: EU

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INSIGHT: Getting better but still very patchy performances by EU’s cross-border AML/CFT colleges – EBA report

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NEWS: Cyprus government on track to meet its AML obligations

IN PHOTOS: Madrid AML/CFT Conference 2023

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Altice co-founder placed under house arrest in Portugal

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ANALYSIS: Fed’s direct warning to board to fix issues or face more fines by year-end highlights Deutsche’s AFC woes on both sides of Atlantic

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INSIGHT: Concerns raised about ability of Romania’s banks to impose sanctions speedily – Council of Europe AML report

NEWS: Fresh blow for N26 as German watchdog prolongs 50K cap on monthly customers over AML concerns

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BREAKING: Reporting of suspicious transactions by EU’s banks rated ‘poor’ by up to half of bloc’s supervisors

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INSIGHT: European banking supervisors still find it difficult to assess money laundering risk, EBA reveals

NEWS: Belgian central bank fines BNP Paribas €15M for ‘egregious’ AML failings

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NEWS: Syrian people smuggling leader arrested with 14 other suspects in Spain; in Hungary PM frees 100s of people smugglers as migrants row escalates

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Germany to reject Binance’s bid for a cryptocurrency licence

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Panamanian Doctor Pleads Guilty in Criminal Fraud Case Expected to Save U.S. Government $25M
US Department of Justice
April 15, 2025
Based on assistance provided by the United States, Panamanian authorities have obtained a criminal plea from Dr. Rolando Chin, a surgeon residing in Panama, in connection with a widespread fraud scheme perpetrated against the Department of Veterans Affairs (VA) by Dr. Chin and others in Panama. The Department of Justice, the Department of State, and VA initially uncovered rampant fraud perpetrated by various medical doctors and pharmacies in Panama making claims to the VA’s Foreign Medical Program (FMP), which supports vital medical care for U.S. veterans living abroad.
Encrypted app intelligence exposes sprawling criminal networks across Europe
Europol
April 15, 2025
Law enforcement authorities across Europe and Türkiye have dismantled four major criminal networks responsible for fuelling the flow of drugs into the EU and Türkiye, following a series of coordinated raids supported by Europol. These results were made possible by the continued exploitation of encrypted communication platforms, including Sky ECC and ANOM, which remain powerful tools in the hands of investigators.
Unmasking the drug pipelines into Europe
On 15 April, coordinated raids took place in several European countries and Türkiye, targeting both the leadership and logistical arms of these criminal networks. A total of 232 suspects have been arrested, including High Value Targets who played a pivotal role in drug trafficking and money laundering operations.
France: EPPO carries out searches and arrests seven people in probe into VAT fraud involving luxury cars
European Public Prosecutor's Office
April 15, 2025
(Luxembourg, 15 April 2025) – The European Public Prosecutor’s Office (EPPO) in Paris (France) has carried out searches and arrested seven suspects in several cities in France, in a probe into an alleged VAT fraud involving valuable vehicles, conducted between 4 February and 10 April 2025. On 11 April 2025, three of the suspects were charged with organised fraud, money laundering, criminal conspiracy and abuse of vulnerable persons. They are subject to coercive and preventive measures, including prohibition to speak to other suspects.