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

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NEWS: France, Ireland and Latvia called out by EU for AML failures

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NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

By Alisha Houlihan for AMLi

The Australian Transaction Reports and Analysis Centre (AUSTRAC), Crown Melbourne and Crown Perth have jointly filed an AUD$450M (€274M) penalty application with the Federal Court of Australia, over breaches of the AML and CTF Act 2006.

The parties’ proposed settlement will be discussed at a court hearing scheduled for 10-11 July 2023. 

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Premium

NEWS: France, Ireland and Latvia called out by EU for AML failures

 Premium

NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

Regulatory Watch News

  • Head of NCA calls for reform on defensive reporting
    Four arrested in UK in joint NCA-French operation targeting alleged Vietnamese Facebook people smugglers

    National Crime Agency

    Four Vietnamese nationals have been arrested by the National Crime Agency in Deptford, Croydon and Leicester as part of a major joint UK-French investigation into alleged small boats people smugglers advertising crossings on Facebook. NCA officers arrested a 23-year-old woman at an address in Heathfield Road, Croydon and a 64-year-old man at an address in Abinger Grove, London on Monday morning. A man aged 34 was arrested in Grasmere Street, Leicester.

  • Lithuania: Nine suspects detained in probe into €4 million fraud involving Covid-19 equipment

    European Public Prosecutor's Office

    (Luxembourg, 26 April 2024) – Last week, 40 searches were conducted and nine suspects were detained, in an investigation led by the European Public Prosecutor’s Office (EPPO) in Vilnius (Lithuania) into a €4 million subsidy fraud. At issue are four projects co-funded by the EU, including one for the production of Covid-19 protective equipment.

  • Founders and CEO of cryptocurrency mixing service arrested and charged with money laundering and unlicensed money transmitting offenses

    IRS Criminal Investigation

    Keonne Rodriguez and William Lonergan Hill are charged with operating Samourai Wallet, an unlicensed money transmitting business that executed over $2 billion in unlawful transactions and laundered over $100 million in criminal proceeds

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