A trans-continental drug smuggling and money laundering ring has been intercepted by authorities in Spain.
The operation against the network – led by a combined force of Spanish Guardia Civil and the United States Drug Enforcement Administration – led to the arrests of four individuals and charges being brought against seven others.
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Italy: EPPO seizes over €23.5 million in investigation into VAT fraud in the fuel sector
European Public Prosecutor's Office
(Luxembourg, 1 July 2026) – On behalf of the European Public Prosecutor’s Office (EPPO) in Milan (Italy), the Italian Financial Police (Guardia di Finanza) and the Italian Customs and Monopolies Agency (Agenzia delle Dogane e dei Monopoli) seized assets worth over €23.5 million, in an investigation into a VAT fraud scheme involving imported fuel to the Italian market.
At the request of the EPPO, the Judge for Preliminary Investigations at the Court of Milan issued an order to seize assets worth up to €60 million to secure compensation for the alleged damage. On Tuesday, properties in Lombardy, Liguria and Valle d’Aosta worth approximately €13.5 million were seized, as well as bank accounts containing around €10 million, and several vehicles. Efforts to identify and seize additional assets are ongoing.
New reporting regime now in force
Austrac
Today marks a major milestone in Australia’s landmark reforms to strengthen the nation's anti-money laundering and counter-terrorism financing laws.
More businesses are now regulated
Thousands more businesses are now regulated under Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.
This includes newly regulated sectors such as real estate, conveyancing, legal services, accounting and precious stones and metals.
These businesses must meet obligations under the new laws, including:
implementing AML/CTF programs
conducting customer due diligence
reporting suspicious matters and
keeping relevant records.
Newly regulated businesses must enrol with us by 29 July 2026.