NEWS: Australia’s Crown Resorts fined $300M by court for AML failings which saw billions in suspicious transactions in its casinos

Regulatory Watch News

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  Dutch banks are resilient but need to step up their ambitions

  DNB

  November 28, 2023

  Dutch banks are financially resilient, thanks in part to increased interest rates. This gives them the room to step up their ambitions in terms of digitalisation, sustainability and the fight against money laundering.

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  Bulgaria: EPPO conducts searches in investigation into municipal road works

  European Public Prosecutor's Office

  November 28, 2023

  (Luxembourg, 28 November 2023) – The European Public Prosecutor’s Office (EPPO) in Sofia (Bulgaria) carried out searches on 23 November 2023, in an investigation into potential misuse of EU funds, involving a project for the repair and reconstruction of a municipal road network in the Boychinovtsi Municipality. The searches were carried out at multiple locations in Bulgaria, including at the premises of companies involved in the construction activities, as well as administrative offices belonging to the Municipality of Boychinovtsi. Numerous documents were seized and witnesses were interviewed.

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  International collaboration leads to dismantlement of ransomware group in Ukraine amidst ongoing war

  Europol

  November 28, 2023

  In an unprecedented effort, law enforcement and judicial authorities from seven countries have joined forces with Europol and Eurojust to dismantle and apprehend in Ukraine key figures behind significant ransomware operations wreaking havoc across the world. The operation comes at a critical time, as the country grapples with the challenges of Russia’s military aggression against its territory.