INSIGHT: The 5 key take outs from the AML Intelligence Roundtable with EU Finance Commissioner McGuinness as bloc moves closer to sweeping AML changes

Regulatory Watch News

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  U.S. Department of the Treasury’s Federal Insurance Office Launches New Partnership with the National Science Foundation on Terrorism and Catastrophic Cyber Risks

  US Department of the Treasury

  April 26, 2024

    WASHINGTON – This week, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) hosted the 2024 International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) Annual Conference.  IFTRIP is a forum of 15 nations, including the United States, supporting initiatives for closer international collaboration among sovereign-backed terrorism reinsurance pools.  FIO began serving as chair of the IFTRIP in 2024.

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  Four arrested in UK in joint NCA-French operation targeting alleged Vietnamese Facebook people smugglers

  National Crime Agency

  April 26, 2024

  Four Vietnamese nationals have been arrested by the National Crime Agency in Deptford, Croydon and Leicester as part of a major joint UK-French investigation into alleged small boats people smugglers advertising crossings on Facebook. NCA officers arrested a 23-year-old woman at an address in Heathfield Road, Croydon and a 64-year-old man at an address in Abinger Grove, London on Monday morning. A man aged 34 was arrested in Grasmere Street, Leicester.

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  Lithuania: Nine suspects detained in probe into €4 million fraud involving Covid-19 equipment

  European Public Prosecutor's Office

  April 26, 2024

  (Luxembourg, 26 April 2024) – Last week, 40 searches were conducted and nine suspects were detained, in an investigation led by the European Public Prosecutor’s Office (EPPO) in Vilnius (Lithuania) into a €4 million subsidy fraud. At issue are four projects co-funded by the EU, including one for the production of Covid-19 protective equipment.