Compliance & Anti-Financial Crime
Leadership | Insight | Network

ABAC, EU, Financial Crime, North America, Sanctions

NEWS: US sanctions Bulgarian government officials for ‘extensive involvement in corruption’

Premium February 13, 2023

BULGARIA SANCTIONS: “The behavior exposed today spans political parties and administrations, highlighting the urgent need to dismantle the networks that have for years perpetuated illicit activities, especially in the energy sector. Corruption robs the Bulgarian people of hundreds of millions of dollars and hinders investment and economic growth in the country," said US Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. File photo shows Bulgarian police.

Premium

NEWS: Italian-led investigation sees 33 arrests in global money laundering takedown

NEWS: Euro AFC Summit 2023 hailed as ‘event of the year’ by ex FATF president Marcus Pleyer

 Premium

NEWS: Crown and AUSTRAC reach agreement on $450M penalty

By AML Intelligence Correspondent THE UNITED STATES has sanctioned five current or former Bulgarian government officials for involvement corruption. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the following individuals “for their extensive involvement in corruption in Bulgaria”: Rumen Stoyanov Ovcharov (Ovcharov), Aleksandar Hristov Nikolov (Nikolov), Ivan Kirov Genov (Genov),…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in
Premium

NEWS: Italian-led investigation sees 33 arrests in global money laundering takedown

NEWS: Euro AFC Summit 2023 hailed as ‘event of the year’ by ex FATF president Marcus Pleyer

 Premium

NEWS: Crown and AUSTRAC reach agreement on $450M penalty

Regulatory Watch News

  • AUSTRAC and Crown agree to proposed $450 million penalty

    Austrac

    Crown Melbourne and Crown Perth (together Crown) and AUSTRAC have filed joint submissions with the Federal Court of Australia, proposing a $450 million penalty over Crown’s breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). A court hearing has been set down for 10-11 July 2023, at which Justice Lee will consider the parties’ proposed settlement. While AUSTRAC and Crown agree that a $450 million penalty is appropriate in all the circumstances, it is a matter for the court to determine the appropriate penalty.

  • Lithuania: 27 arrested in probe into fraud involving up to €750 000 in funds for young farmers

    European Public Prosecutor's Office

    Last week, on behalf of the European Public Prosecutor’s Office (EPPO), the Lithuanian Financial Crime Investigation Service (FCIS) carried out 46 searches and arrested 27 suspects for fraud involving up to €750 000 in funds for young farmers. Three of the suspects have been placed in detention. The searches, which involved almost 100 FCIS officers (Finansinių nusikaltimų tyrimo tarnyba), were carried out in the counties of Vilnius, Kaunas, Panevėžys, Šiauliai and Klaipėda. On the radar of the investigation, carried out by the EPPO’s European Delegated Prosecutors in Vilnius (Lithuania), in cooperation with the FCIS, are four business partners managing companies providing agricultural services.

  • Website Alert – Fraudulent website related to Hang Seng Bank, Limited

    HKMA

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Hang Seng Bank, Limited relating to a fraudulent website, which has been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.

Sign Up To Our Newsletter

Categories

Archived articles

Contact Us