Tag: Money laundering

Regulatory Watch News

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  Romania: EPPO carries out searches in probe into subsidy fraud involving beekeeping

  European Public Prosecutor's Office

  November 27, 2024

  (Luxembourg, 27 November 2024) - The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca (Romania) is carrying out nine searches today in Mureș County, in an investigation into a possible subsidy fraud involving projects for beekeeping and the processing of honey, financed by the EU. The searches are being conducted at the homes of four individuals and at the headquarters of companies under investigation.

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  MAS and NFRA Reaffirm Commitment to Strengthen Supervisory Cooperation

  MAS

  November 27, 2024

    Suzhou, China, 27 November 2024… The Monetary Authority of Singapore (MAS) and the Chinese National Financial Regulatory Administration (NFRA) reaffirmed their commitment to strengthen supervisory cooperation at the annual MAS-NFRA Supervisory Roundtable today.^[1] Held at the sidelines of the 30th anniversary commemoration of the Suzhou Industrial Park^[2], the Roundtable was co-chaired by Deputy Managing Director (Financial Supervision) of MAS, Ms Ho Hern Shin, and Vice Minister of NFRA, Mr Zhou Liang.

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  AUSTRAC issues 16 businesses with infringement notices for failing to comply with reporting requirements

  Austrac

  November 27, 2024

  AUSTRAC has issued sixteen businesses with infringement notices for failing to meet their reporting obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). The infringement notices were issued because the businesses failed to submit their 2023 annual compliance reports. While the majority of the 17,000 businesses AUSTRAC regulates submitted their compliance reports, AUSTRAC CEO Brendan Thomas says ensuring businesses are compliant, and using enforcement measures to secure this, is essential if AUSTRAC is to continue safeguarding Australian communities from serious crime.