Tag: Anti-Money Laundering

Regulatory Watch News

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  100 sanctioned under the Russia Sanctions Regime

  UK Government

  May 20, 2025

  Today, 20 May, the UK Government has sanctioned 20 individuals, 62 entities, and 18 ships under the Russia (Sanctions) (EU Exit) Regulations 2019. This package targets Russian revenue generating sectors, including energy, communications and financial services, the Russian military industrial complex (RMIC) and its third country suppliers, and malign actors involved in democratic interference and Russia’s information war on Ukraine. Click here for further details.

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  Greece: EPPO probes OPEKEPE officials over alleged organised agricultural subsidy fraud and corruption

  European Public Prosecutor's Office

  May 20, 2025

  (Luxembourg, 20 May 2025) – Since yesterday until early hours this morning, the European Public Prosecutor’s Office (EPPO) in Athens (Greece) has led searches as part of an ongoing investigation into an alleged organised fraud scheme involving agricultural funds and corruption involving public officials of the Greek Payment and Control Agency for Guidance and Guarantee Community Aids (OPEKEPE).

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  A fifth admit to retail refund fraud or knowing someone who has, Cifas warns

  CIFAS

  May 20, 2025

  New research from leading fraud prevention service Cifas reveals that 19% of UK consumers have either falsely claimed a failed delivery or know someone who has – often to get a refund after using the product. The findings highlight a worrying surge in opportunistic fraud that is hitting retailers hard. With 80% of UK shoppers now buying online, the stakes are high: the retail sector is already losing over £11 billion annually to payment fraud.