Eva Kaili, one of the European Parliament’s 14 vice presidents, was among five arrested on bribery and corruption allegations during a probe by Belgian authorities. Investigations have uncovered a web including Kaili’s partner, former politicians, and NGO decision-makers. Nineteen or […]
On December 7, 2022, the Australian Transaction Reports and Analysis Centre (AUSTRAC) commenced civil penalty proceedings against major Australian casino operator SkyCity Adelaide for alleged “serious and systemic non-compliance” with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regulations. Its enforcement […]
On December 5, 2022, Europol announced the arrest of 2,469 money mules in its eighth edition of the European Money Mule Action (EMMA8). Supported by Eurojust, INTERPOL, and the European Banking Federation (EBF), the latest operational phase began in September […]
On November 30, 2022, the Financial Action Task Force (FATF) issued its inaugural report on money laundering from fentanyl and synthetic opioids. Co-led by the US and Canada, the report includes recommendations for prosecutors and law enforcement authorities on countering […]
On November 28, 2022, Europol reported that a “super cartel” of drugs traffickers controlling around one third of Europe’s cocaine trade had been busted in a series of coordinated raids. Codenamed Operation Desert Light, 49 suspects were arrested, including six […]
On November 21, 2022, Delaware drug trafficker, Omar Morales Colon, was sentenced to 45 years in prison for conspiracy to commit money laundering, conspiracy to distribute cocaine, and multiple other drug and money laundering offenses. Described by the court as […]
INTERPOL’s latest police operation to tackle online fraud has seen 975 arrests and the seizure of virtual assets worth almost $130 million. Codenamed Operation HAECHI-III, the 5-month-long joint task force targeted a specific range of cyber-enabled financial crimes, including voice […]
The Assistant Secretary for Terrorist Financing and Financial Crimes at the US Treasury, Elizabeth Rosenberg, has addressed the need for additional regulatory clarity and more public-private engagement between the government and the virtual assets industry. Rosenberg’s remarks follow the end […]
On November 15, 2022, the US-China Economic and Security Review Commission (USCC) released its annual report to Congress. Among the report’s concluding recommendations, the committee proposed creating a cross-agency body tasked with drafting sanctions against China in the event of […]
On October 27, 2022, the European Commission issued its Supranational Risk Assessment Report (SNRA) to the European Parliament and Counsel regarding the “risk of money laundering (ML) and terrorist financing (TF) affecting the internal market and relating to cross-border activities.” […]
On November 9, 2022, the New York Department of Financial Services (DFS) proposed amendments to its Part 500 Cybersecurity Rules in response to increasingly sophisticated technologies and threats to financial institutions. Building on draft amendments released in July, the formally announced […]
In a coordinated operation led by Europol’s European Cybercrime Centre (EC3) and the Merchant Risk Council, 59 scammers have been arrested for using stolen credit card numbers to purchase luxury items. The operation, called e-Commerce Action 2022 (eComm 2022), took […]
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