Category: Fraud

Regulatory Watch News

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  Geopolitics and cyber threats are the biggest concerns for financial companies

  The Danish Financial Supervisory Authority

  March 25, 2025

  The Danish Financial Supervisory Authority has again this year asked a number of major financial companies how they perceive the current risks and their level of confidence in the financial system. Confidence remains high, with geopolitics and cyber threats being the most worrying.

  “Just like last year, geopolitical issues and cyber threats are the biggest risks to financial stability in Denmark, according to companies,” says Niki Saabye, head of the Danish Financial Supervisory Authority’s Economic Secretariat. “And compared to last year, geopolitical threats are now almost as high on the list of concerns as cyber threats.”

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  Italy: 13 arrests in €100 million VAT fraud investigation involving the trade of plastics products

  European Public Prosecutor's Office

  March 25, 2025

  (Luxembourg, 25 March 2025) – Today, at the request of the European Public Prosecutor’s Office (EPPO) in Turin (Italy), the Italian Financial Police (Guardia di Finanza) of Turin executed an order of the judge for preliminary investigations at the Court of Nola, to arrest 13 suspects and seize assets worth up to €100 million. The investigation targets an organised crime group suspected of large-scale VAT fraud in the trade of plastics products.

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  District Court sets trial dates for three sophisticated ramp-and-dump cases

  Securities and Futures Commission

  March 25, 2025

  The District Court trial of three sophisticated ramp-and-dump cases involving the shares of Eggriculture Foods Limited, Fullwealth Construction Holdings Company Limited and KNT Holdings Limited will begin on 13 July 2026, 30 November 2026 and 6 April 2027 respectively (Note 1). The trial dates were fixed in today’s hearing in the District Court after all 19 defendants in the three cases pleaded not guilty to charges of suspected securities-related fraud and money laundering.