Category: EU/Europe

Regulatory Watch News

• 

  Fraudulent website related to Bank Julius Baer & Co. Ltd.

  HKMA

  January 14, 2025

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank Julius Baer & Co. Ltd. relating to a fraudulent website, which has been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.

• 

  SA man arrested at Adelaide Airport for illicit items including drugs and weapons

  Australia Federal Police

  January 14, 2025

  A South Australian man is expected to appear in the Adelaide Magistrates Court today (14 January, 2025), charged with several offences including the trafficking of illicit substances, false identification, dealing in proceeds of crime and possession of prohibited weapons. Adelaide Airport staff alerted AFP officers to the man, 39, yesterday (13 January, 2025) after allegedly identifying illicit items in the man’s luggage during screening, which was undertaken before the man intended to board a domestic flight.

• 

  Cases include money laundering, drug trafficking, embezzlement, and tax evasion schemes

  IRS Criminal Investigation

  January 13, 2025

  WASHINGTON — IRS Criminal Investigation (IRS-CI) unveiled its top 10 cases of 2024 on Friday. The defendants in these cases committed millions of dollars in fraudulent activity, duped investors into believing they were going to strike it rich and tried to funnel money to terrorist organizations. They represent the most high-profile and impactful cases of the previous year. Leading up to today’s announcement, IRS-CI unveiled two cases per day on its X and LinkedIn accounts from Jan. 6 through Jan. 10. “Each year, I’m amazed with the variety of cases that make our top 10 list,” said IRS-CI Chief Guy Ficco. “Our agents know how to follow the money, and they use their investigative prowess to target criminals who prey on unsuspecting victims, funnel narcotics into the U.S., and steal from others for personal gain.”