Tag: AML

Regulatory Watch News

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  November 18, 2024 – FINTRAC advisory: Financial transactions related to countries identified by the Financial Action Task Force

  FINTRAC

  November 18, 2024

  Consult FINTRAC's advisories issued following every Financial Action Task Force (FATF) plenary meeting to advise reporting entities of concerns about deficiencies in the anti-money laundering and anti-terrorist activity financing systems of certain countries.

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  Luxembourg issues public appeal for information on fugitive charged with investment fraud

  Europol

  November 18, 2024

  The Fugitive Active Search Team (FAST) of the Luxembourg Police has enlisted Europol's support to seek public assistance in locating one of its high-priority fugitives. The individual, whose profile is now featured on the EU Most Wanted website, is accused of defrauding investors of approximately EUR 5.4 million by falsely presenting himself as a successful businessman and lawyer.

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  Alleged Illegal Dealing in Mineral Resources: EFCC Docks Chinese Brothers, One Other in Enugu

  EFCC

  November 18, 2024

  The Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC on Tuesday, November 12, 2024 arraigned two Chinese siblings: Wang Jian and Wang Richard before Justice Mohammed Garba Umar of the Federal High Court sitting in Independence Layout, Enugu. The Chinese siblings were arraigned alongside Michael Berneth Agu, a Nigerian,  on a three count charge bordering on exporting of mineral ore without the permission of an  appropriate authority and possession of fifteen pieces of mineral ore without the permission of a lawful authority.