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Jersey trust fined over £500k for AML breaches which could have put millions of Angolan public funds at risk

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British universities have accepted £52m in cash from overseas students from ‘high-risk’ countries, exposing a money laundering risk

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AML in Lithuania ‘has never been more relevant’; Central Bank warns of increased responsibility as digital payments surge in 2020

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EUROPOL AML RAIDS: Polish and German police arrest 12 in crackdown on multi-million euro laundering operation based on trading vegetable oil

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Berlin labelled EU’s AML ‘problem child’ as Commission issues infringement proceedings against Germany – Europe’s financial powerhouse

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AMLi NEWS UPDATE: American crypto payments company BitPay pays $500,000 after violating US sanctions; ‘they knew what they were doing,’ says OFAC

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FRANCE: Illegal gold smelting operation in Paris probed for links to Tamil Tigers; truck driver charged in Hong Kong for selling a tonne of bullion

NEW ORDER: EU’s finance supremo heaps praise on America’s new AML laws, stresses importance of multilateralism as new era in US relations

ESTONIA REVOKED the licenses of crypto businesses

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BALTIC U-TURN: ‘We won’t ask the US for a share of Danske Bank fine,’ says Estonia PM in backtrack

FCC SURVEY: AML penalties only work on occasion, say executives who fear reputational damage due to leaks like FinCEN

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FRANKFURT: BaFin orders Greek bank to make improvements over AML concerns

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CAYMANS: First fines for beneficial ownership violations as Islands align with FATF standards

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Update to How CISA Shares Cyber-Related Alerts and Notifications
CISA
May 12, 2025
Starting May 12, CISA is changing how we announce cybersecurity updates and the release of new guidance. These announcements will only be shared through CISA social media platforms and email and will no longer be listed on our Cybersecurity Alerts & Advisories webpage. The focus of our Cybersecurity Alerts & Advisories webpage will now be on urgent information tied to emerging threats or major cyber activity. CISA wants this critical information to get the attention it deserves and ensure it is easier to find. We’ll continue to communicate releases and updates to our stakeholders. To stay informed, subscribe to receive our email notifications on CISA.gov.
Cyber-attacks: Council extends sanctions and legal framework
European Council
May 12, 2025
The Council today decided to prolong the restrictive measures (sanctions) against cyber-attacks threatening the EU and its member states for a further year, until 18 May 2026. The legal framework (sanctions regime) for these measures is extended for three years until 18 May 2028. This framework allows the EU to impose targeted restrictive measures on persons or entities involved in cyber-attacks which cause a significant impact, and constitute an external threat to the EU or its member states. Restrictive measures can also be imposed in response to cyber-attacks against third states or international organisations, where such measures are considered necessary to achieve the objectives of the Common Foreign and Security Policy (CFSP).
Investigation Admiral: First convictions in Portugal for 23 defendants guilty of massive international VAT fraud
European Public Prosecutor's Office
May 12, 2025
(Luxembourg, 12 May 2025) – On Friday, the Central Criminal Court of Lisbon (Portugal) convicted 10 individuals and 13 companies for their role in setting up and operating a fraudulent scheme, dedicated to the sale of electronic goods in the EU market, while evading the payment of VAT. This investigation, code-named Admiral, was first announced in November 2022 and is considered the biggest VAT fraud ever investigated in the EU with an overall damage now estimated at €2.9 billion. The convictions in Portugal mark only the first judicial outcome in this wider and ongoing cross-border investigation.