By Elizabeth Hearst for AMLi Reports to the Swiss Money Laundering Reporting Office (MROS) increased by 25% in 2020, according to its annual report published on Tuesday. Authorities have indicated that this marked increase is due to the reporting of fraudulent Coronavirus Pandemic Payments in the country. The body states it had received 5,334 reports…
Regulatory Watch News
Alleged Chinese criminal gang accused of laundering $39 million
Australia Federal Police
Four members of an alleged Chinese criminal gang, accused of laundering more than $39 million dollars in illicit cash, have been charged as part of a joint law enforcement investigation in Melbourne. In January 2023, AFP investigators attached to Taskforce Avarus – a multi-agency operation combatting criminal networks laundering money in Australia and overseas – commenced targeting a Chinese criminal syndicate involved in laundering millions of dollars of proceeds of crime.
Croatia: Three arrested on suspicion of subsidy fraud and document forgery
European Public Prosecutor's Office
(Luxembourg, 28 March 2024) – The European Public Prosecutor’s Office (EPPO) in Zagreb (Croatia) has initiated an investigation against four individuals and a company for subsidy fraud and document forgery, in relation to support for small and medium-sized enterprises. Three of the four suspects were arrested yesterday (27 March 2024) at the EPPO’s request, following investigation activities conducted in cooperation with the Međimurje County Police Administration.
Treasury Sanctions Hamas-Aligned Terrorist Fundraising Network
OFAC
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two individuals and three entities as key financial facilitators involved in fundraising for Hamas. In the wake of the October 7, 2023 terrorist attack perpetrated by Hamas against Israel, Gaza Now engaged in fundraising efforts to support Hamas. Gaza Now and its founder Mustafa Ayash, as well Al-Qureshi Executives and Aakhirah Limited, and their director Aozma Sultana, partnered on multiple fundraising efforts. This action is being taken as part of a collaborative effort with the United Kingdom’s Office of Financial Sanctions Implementation, which is implementing sanctions on these same targets.
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