Tag: Money laundering

Regulatory Watch News

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  FCA expands Leeds office, creating new jobs and affirming its commitment to growth in the region

  Financial Conduct Authority

  January 16, 2025

  The Financial Conduct Authority (FCA) has today opened further floor space at its existing base at 6 Queen Street, increasing it by an additional 5,000 square feet.

  First opened in 2022, the FCA’s regional office in Leeds is now a base for over 300 employees, with around 100 more people expected to be welcomed into the additional space this year.

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  The DFSA publishes Whistleblowing Thematic Review

  January 16, 2025

  The Dubai Financial Services Authority (DFSA) has released its Whistleblowing Thematic Review, conducted in 2024 to assess the effectiveness of whistleblowing frameworks across DFSA Regulated Entities. This comprehensive review, which involved surveys, desk-based analysis, and on-site visits, highlights the critical role whistleblowers play in detecting, escalating, and addressing misconduct. It also emphasises the importance of robust whistleblowing policies and procedures in fostering a speak-up culture and promoting ethical behaviour.

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  Lithuania: EPPO uncovers €6 million EU subsidy fraud involving organised crime

  European Public Prosecutor's Office

  January 16, 2025

  (Luxembourg, 16 January 2025) – An organised crime group suspected of misappropriating nearly €6 million in EU structural funds for innovative manufacturing solutions, such as recycled plastics and green concrete, has been the target of large-scale investigative measures led by the European Public Prosecutor’s Office (EPPO) in Vilnius (Lithuania), since early December 2024.