Category: Regions

Regulatory Watch News

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  AFP partners with Philippine authorities in combating scam call centres

  Australia Federal Police

  November 26, 2024

  The AFP is working with Philippine authorities to identify Australian victims of romance scams after more than 250 suspected cyber criminals were arrested in Manila. Philippine law enforcement agencies executed a search warrant for suspected immigration violations at a scam compound in Pasay City, central Manila, on 3 October, 2024. Soon after, two AFP members and a Manila based-AFP liaison officer, with relevant local partners, searched the scam compound for intelligence relating to Australian scam victims

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  FinCEN Joins Public-Private Partnership to Combat Fraud and Scams Impacting Innocent Americans

  FinCEN

  November 25, 2024

  WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has joined a multi-sector national task force dedicated to the prevention of fraud and scams. The National Task Force on Fraud and Scam Prevention, convened by the Aspen Institute’s Financial Security Program, brings together key stakeholders including the financial services sector, technology companies, consumer advocacy groups, information sharing and analysis centers, and federal government agencies to develop a comprehensive national strategy for combating fraud and scams. Fraud and cybercrime (including fraudulent schemes) are two of FinCEN’s Anti-Money Laundering and Countering the Financing of Terrorism National Priorities.

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  Lietuvos bankas revoked UAB Foxpay licence due to serious and systematic breaches

  Lietuvos Bankas

  November 25, 2024

  Lietuvos bankas revoked the electronic money institution licence of UAB Foxpay (hereinafter, Foxpay) for serious and systematic breaches of legal acts regulating the prevention of money laundering and terrorist financing, safeguarding of client funds and other legislation. Following the decision, Foxpay can no longer provide financial services. More: https://www.lb.lt/en/news/lietuvos-bankas-revoked-uab-foxpay-licence-due-to-serious-and-systematic-breaches