DANSKE: CCO Vollot moves to CAO role with ‘end-to-end management responsibility’ in the fight against financial crime

Regulatory Watch News

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  Two men charged as part of investigation into Australia’s largest cocaine seizure

  Australia Federal Police

  August 21, 2026

  A Brisbane man and a Sydney man have been charged with drug and firearms offences as part of the ongoing investigation into Australia's largest cocaine seizure. The Brisbane man, 41, was charged yesterday (20 August, 2026) after AFP and Queensland Police officers executed a search warrant at a Kangaroo Point home, seizing $80,000 in cash and electronic devices, as part of Operation Minjiang, which has resulted in the seizure of almost three tonnes of cocaine and 142kg of methamphetamine.

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  Treasury Increases Sanctions on Hizballah and Targets Network Smuggling Millions in Cash for Hizballah

  OFAC

  August 20, 2026

  WASHINGTON—Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating 10 individuals that are part of a network responsible for transferring cash to Hizballah.  The network utilizes couriers travelling on commercial airline flights between Lebanon, Turkiye, the UAE, and Iran to move up to hundreds of millions of dollars between jurisdictions, providing an avenue outside the formal financial system for Hizballah to obtain foreign currency and evade sanctions.  OFAC is also re-designating Hizballah for service to the Iranian regime under the command of Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF).

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  United Kingdom: Group of States against Corruption evaluates anti-corruption measures in local government

  GRECO

  August 20, 2026

  The United Kingdom has a very developed framework for preventing corruption and promoting integrity in local government, according to the Council of Europe’s Group of States against Corruption (GRECO). At the same time, there are several areas in which further progress is needed. GRECO has today published an evaluation report assessing measures adopted by the UK authorities to prevent corruption and promote integrity at the subnational level of government. The report focuses on the Greater London Authority and Kent County Council, which volunteered to take part in the evaluation.