If you would like unlimited access to AML Intelligence premium articles, newsletter delivered twice a week, access to our Global Bank Fines and Penalties database, free access to Boardroom Series events and much more, select one of our subscription options and become a subscriber!
Sowore and Co-Travellers’ Tantrums against EFCC’s Landmark Recovery
EFCC
The Economic and Financial Crimes Commission, EFCC, is following with keen interest, the flurry of reactions to its record-breaking recovery of 753 duplexes and other apartments on Plot 109 Cadastral Zone C09, Lokogoma District, Abuja.
The commentaries of reform-minded Nigerians to the Commission’s painstaking efforts in securing the final forfeiture of the Estate to the Federal Government of Nigeria, are appreciated. However, the denigration of such efforts by Omowole Sowore and his think-same and act-same, is unacceptable and grossly un-charitable.
Germany: Ringleader convicted of VAT fraud involving sales of wireless earbuds
European Public Prosecutor's Office
(Luxembourg, 4 December 2024) – The Regional Court of Regensburg (Germany) convicted yesterday an individual of organised VAT fraud and sentenced him to four years of imprisonment, following an investigation led by the European Public Prosecutor’s Office (EPPO) in Munich, concerning a VAT fraud scheme involving wireless earbuds.
The AFP incinerates 500kg of cocaine seized after alleged PNG import attempt
Australia Federal Police
Senior police officers from Australia and Papua New Guinea (PNG) have monitored the destruction of 500kg of cocaine, which was seized by authorities in 2020 after the black flight believed to have been transporting it to Australia crashed.
The drugs, which were seized in PNG but later sent to the AFP for forensic testing and storage in Australia, were incinerated last week (28 November, 2024) at a secure facility in Queensland.