Tag: Money laundering

Regulatory Watch News

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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.

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  Website Alert – Fraudulent website related to The Hongkong and Shanghai Banking Corporation Limited

  HKMA

  January 16, 2025

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by The Hongkong and Shanghai Banking Corporation Limited relating to a fraudulent website, which has been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.