LAWYERS: AML controls are seen as time-consuming hurdles by legal professionals, suggests new survey

Regulatory Watch News

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  The Danish Financial Supervisory Authority’s supervisory efforts in 2023

  The Danish Financial Supervisory Authority

  May 8, 2024

  147 inspections, 692 supervisory responses and 260 cases of insider trading and market manipulation, as well as a number of reports, thematic studies and analyses. These are the main points in the overview of the Danish Financial Supervisory Authority's activities in 2023.

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  “Greasy hands”: EPPO targets international criminal network for €15 million fraud involving engine oil

  European Public Prosecutor's Office

  May 8, 2024

  (Luxembourg, 7 May 2024) – Investigation ‘Greasy Hands’, led by the European Public Prosecutor’s Office (EPPO) in Turin (Italy), is targeting a criminal organisation alleged to have imported vehicle lubricants to the Italian market while systematically evading VAT, causing a loss of over €15 million.   Searches and judicial measures were executed today by the Italian Financial Police (Guardia di Finanza) in the provinces of Bari, Campobasso, Foggia, Matera and the regions of Rome, Trieste and Turin. Simultaneously, investigative measures were also carried out in Latvia. Judicial measures have been taken against 14 individuals, including the suspected ringleaders. Eight of the suspects will remain in pre-trial detention, and six have been placed under house arrest. 

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  United States Sanctions Senior Leader of the LockBit Ransomware Group

  US Department of the Treasury

  May 7, 2024

  WASHINGTON — Today, the United States designated Dmitry Yuryevich Khoroshev, a Russian national and a leader of the Russia-based LockBit group, for his role in developing and distributing LockBit ransomware. This designation is the result of a collaborative effort with the U.S. Department of Justice, Federal Bureau of Investigation, the United Kingdom’s National Crime Agency, the Australian Federal Police, and other international partners. Concurrently, the Department of Justice is unsealing an indictment and the Department of State is announcing a reward offer for information leading to the arrest and/or conviction of Khoroshev. The United Kingdom and Australia are also announcing the designation of Khoroshev.