Tag: Money laundering

Regulatory Watch News

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  Romania: Over 300 searches in €1.32 million EU subsidy fraud involving beekeeping

  European Public Prosecutor's Office

  May 19, 2025

  (Luxembourg, 19 May 2025) - The European Public Prosecutor’s Office (EPPO) in Timișoara (Romania) conducted 307 searches in 15 counties of Romania over the last two months, in an investigation into a suspected €1.32 million EU subsidy fraud involving beekeeping projects. The investigation concerns 388 single payment requests submitted to the Romanian Agency for Payments and Intervention in Agriculture (APIA) during the 2023 and 2024 agricultural campaigns, for financial support in the beekeeping sector. These requests were co-financed by the European Agricultural Guarantee Fund (EAGF) and the national budget, each covering 50% of the amount granted

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  Fraudulent websites and internet banking login screens related to The Bank of East Asia, Limited

  HKMA

  May 19, 2025

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by The Bank of East Asia, Limited relating to fraudulent websites and internet banking login screens, which have been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.

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  NSW man jailed in WA for trafficking 5.7kg of meth and dealing with almost $640,000 in suspected criminal proceeds

  Australia Federal Police

  May 19, 2025

  A New South Wales man has been sentenced in Western Australia to 10 years and six months’ imprisonment for drug trafficking and dealing in the suspected proceeds of crime, after investigations that also resulted in the forfeiture of cash. The Perth District Court sentenced the man, 37, last week (14 May, 2025) after he pleaded guilty to two offences. He must serve a minimum non-parole period of six years.