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NEWS: Businessman charged with money laundering over purchase of Eurofighter jets by Austria

Premium June 5, 2023

CHARGED: The former head of car supplier Magna International, Austrian businessman Siegfried Wolf, was charged by an Austrian court on Monday on suspicion of money laundering in connection with the purchase of Eurofighter jets two decades ago.

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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?

THE FORMER head of car supplier Magna International, Austrian businessman Siegfried Wolf, was charged by an Austrian court on Monday on suspicion of money laundering in connection with the purchase of Eurofighter jets two decades ago. The regional court in Graz said Wolf was due to stand trial along with another suspect, whom it did…

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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

  • U.S. Department of the Treasury’s Federal Insurance Office Launches New Partnership with the National Science Foundation on Terrorism and Catastrophic Cyber Risks

    US Department of the Treasury

      WASHINGTON – This week, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) hosted the 2024 International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) Annual Conference.  IFTRIP is a forum of 15 nations, including the United States, supporting initiatives for closer international collaboration among sovereign-backed terrorism reinsurance pools.  FIO began serving as chair of the IFTRIP in 2024.

  • 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.

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