Category: North America

Regulatory Watch News

• 

  Latvia: Mayor of Jēkabpils and other public officials detained in probe into €16.9 million dam

  European Public Prosecutor's Office

  April 3, 2025

    (Luxembourg, 3 April 2025) – On behalf of the European Public Prosecutor’s Office (EPPO) in Riga (Latvia), the Corruption Prevention and Combating Bureau (KNAB) carried out searches today and detained five suspects, including the mayor of Jēkabpils, other public officials and representatives of private companies, in a probe into the construction of a €16.9 million anti-flooding dam, co-funded by the EU.

• 

  Alleged $9.6b P&ID Scam : EFCC Tenders more Evidence against Kore Holdings

  EFCC

  April 3, 2025

  The Economic and Financial Crimes Commission, EFCC  on Wednesday, April 2, 2025 tendered additional evidence against Kore Holdings Limited before Justice J. O. Abdulmalik of the Federal High Court Abuja. The Commission is prosecuting the company alongside Muhammed Kuchazi (now deceased) in connection with the Process & Industrial Development, P&ID fraud portfolio on amended four-count charges that border on non-compliance with Federal Ministry of Industry, Trade and Investment requirements, money laundering and other illegal acts.

• 

  Fraudulent websites and internet banking login screens related to Shanghai Commercial Bank Limited

  HKMA

  April 3, 2025

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Shanghai Commercial Bank Limited relating to fraudulent websites and internet banking login screens, which have been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.