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Compliance, Compliance News, Financial Crime
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AML, Analysis, Compliance, North America
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OFSI
On 15 November 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. The following entries have been amended under the Russia financial sanctions regime and are still subject to an asset freeze and trust services sanctions:
Fiscal Information and Investigation Service - FIOD
On November 14, Customs, following information from the police, launched an investigation at a garage in Nieuwegein. In a warehouse used by the garage, two vans were found containing illegal cigarettes. Both vans were seized and taken away.
The cars contained almost 900,000 cigarettes, which were seized and will be destroyed. The garage owner has been arrested and can also expect a Customs assessment of approximately 350,000 euros in unpaid excise duty. The investigation is being continued by Customs and the FIOD and is led by the Functional Parket.
European Public Prosecutor's Office
(Luxembourg, 15 November 2024) – On 13 and 14 November 2024, in an investigation led by the European Public Prosecutor’s Office (EPPO) in Paris (France), searches and witness interviews were carried out in Greece, in a probe into fraudulent imports of textiles, garments and fashion items from China into the EU, via the Piraeus Port of Athens, with the French market as the final destination. The fraud scheme under investigation caused an estimated damage of over €5.2 million in unpaid customs duties and VAT.
