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Banking, Financial Crime, Sanctions
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Banking, Compliance News, EU/Europe
Europol
Europol has supported law enforcement authorities from six countries in taking down underground bankers who were moving and laundering the proceeds of large-scale drug trafficking and other serious crimes. Building on the findings from two major investigations, Operation GORGON and Operation WHITEWALL, this follow-up operation involved close collaboration between Europol’s experts in serious and organised crime and in financial investigations. It led to the arrest of nine suspects and the seizure of evidence (documents, mobile phones), valuables (gold, luxury goods), EUR 35 000 in cash and EUR 25 million in cryptocurrencies.
HKMA
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Industrial and Commercial Bank of China (Asia) Limited relating to phishing instant messages, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.
Australia Federal Police
A second man is expected to face Downing Centre Local Court today (18 December, 2024) charged for his alleged role in orchestrating the importation of 237kg of MDMA. The AFP arrested the man, 39, at his Wetherill Park business yesterday (17 December, 2024) after he was linked to the 2023 MDMA importation, which had an estimated street value of $13 million. In November, 2024, the AFP charged the man’s brother, 47, for his alleged role in the importation.