Category: Fraud

Regulatory Watch News

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  The first ever UK prosecution of Russian sanction breaches

  The Crown Prosecution Service

  April 10, 2025

  Two individuals have been convicted  of breaches of Russian linked financial sanctions for the first time ever in the United Kingdom. Dmitrii Ovsyannikov, 48, and Alexei Ovsyannikov (AO), 47, have been found guilty of eight counts of breaching financial sanctions and two counts of money laundering at Southwark Crown Court Both defendants are Russian nationals and hold Russian passports. Dmitrii Ovsyannikov held senior positions in the Russian government structure such as being the former governor of Sevastopol, in the Russian occupied Crimea and a Deputy Minister. The European Union (which the United Kingdom was a member) introduced financial sanctions against certain Russian linked or backed individuals. When the UK left the EU; Dmitrii Ovsyannikov remained a designated person within the sanctions’ regime for this county and so he has been so since November 2017 to the present day.

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  We’re Moving In: A New Home for AMLA in Frankfurt

  AMLA

  April 10, 2025

  We’re excited to share a major milestone for AMLA —we have officially signed a lease for our new office space in Frankfurt! Our future home will be located in the iconic Messeturm, where we’ll be occupying the top floors. The lease agreement marks the beginning of our permanent presence in Frankfurt and our long-term commitment to the city. This is a big step for AMLA as we establish our first-ever official seat. With sweeping views from the upper floors and modern office infrastructure, our new space will support a dynamic, collaborative work environment and position us to deliver on our mission.

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  Romania: 12 indicted with €9.5 million fraud involving IT projects

  European Public Prosecutor's Office

  April 10, 2025

  (Luxembourg, 10 April 2025) – This week, the European Public Prosecutor’s Office in Bucharest (Romania) submitted an indictment before the Bucharest Tribunal against 12 defendants (six individuals and six companies), following an investigation into a €9.5 million fraud involving IT projects, financed by the EU.