Category: Financial Crime

Regulatory Watch News

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  Investigation Admiral: First trial starts in Portugal for 26 suspects charged with international VAT fraud

  European Public Prosecutor's Office

  November 1, 2024

  Today, the trial of 26 defendants (11 individuals and 15 companies) accused of an intra-community VAT fraud scheme involving several countries will begin at the Central Criminal Court of Lisbon (Portugal), following an investigation codenamed Admiral. This is the first trial under the European Public Prosecutor's Office’s (EPPO) flagship investigation into the most complex VAT fraud to date. 

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  QLD woman charged for attempting to board a plane allegedly carrying cash believed to be the proceeds of crime

  Australia Federal Police

  November 1, 2024

  A Cairns woman is expected to appear in Cairns Magistrates Court today (1 November, 2024) for allegedly trying to fly interstate with $144,900 in suspected illicit cash. The AFP arrested the woman, 41, on 15 September, 2024, after Cairns Airport security alerted the AFP, following security screening. AFP officers searched the woman and found 2598 $50 notes and 150 $100 notes in bundles taped to her body under her dress.

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  Treasury Sanctions Key Members of La Linea, a Group Involved in Trafficking Fentanyl into the United States

  OFAC

  October 31, 2024

  WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned five Mexican nationals and two Mexico-based entities linked to La Linea, a violent Mexico-based drug trafficking organization responsible for trafficking fentanyl and other deadly drugs into the United States. Today’s action was coordinated closely with the Drug Enforcement Administration and the Government of Mexico, including La Unidad de Inteligencia Financiera (UIF), Mexico’s Financial Intelligence Unit.