Category: AML

Regulatory Watch News

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  11 arrested in new sting against wholesale cocaine traffickers

  Europol

  November 27, 2024

  A long-running cross-border investigation has led to the takedown of a large-scale drug trafficking criminal network smuggling cocaine from South America into the EU. The operation spanned Bosnia and Herzegovina, Croatia and Serbia. The cocaine traffickers targeted in this investigation used different maritime routes and modus operandi. The criminal network is connected to a seizure of over half a tonne of cocaine, with a street value of a EUR 50 million, at the port of Ploče in southern Croatia in late March 2021. The drugs were concealed in a modified cargo container floor. This seizure is a further indication that international drug trafficking organisations are increasingly targeting smaller EU ports

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  Romania: EPPO carries out searches in probe into subsidy fraud involving beekeeping

  European Public Prosecutor's Office

  November 27, 2024

  (Luxembourg, 27 November 2024) - The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca (Romania) is carrying out nine searches today in Mureș County, in an investigation into a possible subsidy fraud involving projects for beekeeping and the processing of honey, financed by the EU. The searches are being conducted at the homes of four individuals and at the headquarters of companies under investigation.

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  MAS and NFRA Reaffirm Commitment to Strengthen Supervisory Cooperation

  MAS

  November 27, 2024

    Suzhou, China, 27 November 2024… The Monetary Authority of Singapore (MAS) and the Chinese National Financial Regulatory Administration (NFRA) reaffirmed their commitment to strengthen supervisory cooperation at the annual MAS-NFRA Supervisory Roundtable today.^[1] Held at the sidelines of the 30th anniversary commemoration of the Suzhou Industrial Park^[2], the Roundtable was co-chaired by Deputy Managing Director (Financial Supervision) of MAS, Ms Ho Hern Shin, and Vice Minister of NFRA, Mr Zhou Liang.