NEWS: UK’s Financial Reporting Council issues £1.75M (€2M) fine to PwC over BT Group audits

Regulatory Watch News

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  OLAF showcases latest tools and techniques in intelligence analysis event

  OLAF

  June 15, 2026

  Law enforcement and anti-fraud intelligence analysts from across the EU gathered in Budapest this week (8-12 June) for hands-on training designed to help them better prevent, detect, analyse and investigate fraud. The training programme, run jointly by the European Anti-Fraud Office (OLAF) and the European Union Agency for Law Enforcement Training (CEPOL), also showcased advances in digital tools and analytical techniques for combatting fraud.  Bringing together 27 operational intelligence analysts from 18 EU countries, as well representatives from the European Public Prosecutor's Office (EPPO) and Europol, the EU agency for law enforcement cooperation, the training focused on using the latest advanced intelligence and criminal analysis techniques to improve prevention, detection, analysis, and investigation of fraud affecting the EU’s financial interests.

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  Czechia: Ten suspects plead guilty to fraud involving road cleaning and marketing services

  European Public Prosecutor's Office

  June 12, 2026

    (Luxembourg, 12 June 2026) – Ten suspects have pleaded guilty to public procurement fraud, in an investigation into suspected corruption in the award of public contracts for road cleaning and marketing services, led by the European Public Prosecutor’s Office (EPPO) in Ostrava (Czechia). The case concerns procurement fraud in connection with small-scale tenders organised in the period from 2020 till 2023 by two public entities in the Moravian-Silesian Region: the Road Administration of the Moravian-Silesian Region and the Moravian Energy Centre. The tenders, which were partly financed by EU funds, related to road cleaning and marketing services. The tendering procedures are understood to have been manipulated to favour pre-selected bidders, who paid bribes in order to secure the contracts.

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  SFO to secure a further £96,000 from “green energy” fraudster

  Serious Fraud Office

  June 12, 2026

  Today, the SFO secured a £96,000 confiscation order against Steven John Murphy, 50, after uncovering additional assets related to his role in a boiler-room fraud. The funds will go straight back to the public purse. Murphy was one of seven men who defrauded thousands of UK investors out of £8.2 million through an east-London registered but Spain-based sham biofuel company called Worldwide Bio Refineries (WBR). SFO investigators recently uncovered that Murphy held equity in a UK property that had been purchased using the proceeds of crime, and acted quickly to recover £96k.