Anti-Fraud & Financial Crime
Regulatory Intelligence Incorporating 'Fraud Squad'

Banking, Compliance, UK

NEWS: ‘Incompatible views’ of ‘grifter’ Nigel Farage led to bank closing his accounts, according to risk committee report

Premium July 19, 2023

PHOTO: Nigel Farage, Reform UK leader sued together with his deputy Richard Tice the National Crime Agency for allegedly leaking confidential information over his party finances to the press

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NEWS: Sydney man charged over alleged AUS$123m money laundering network

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FRAUD SQUAD: Inside the shell company network behind an alleged $1.6 billion healthcare fraud

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NEWS: EPPO to be “killed softly” for doing its job, says outgoing chief prosecutor

BRITISH Brexit leader Nigel Farage has produced a report in which royal bankers Coutts apparently closed his bank accounts because his views were not compatible with its values. The report shows the bank closed his account because his views “do not align with our values” – rather than not meeting a financial threshold as previously…

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Premium

NEWS: Sydney man charged over alleged AUS$123m money laundering network

 Premium

FRAUD SQUAD: Inside the shell company network behind an alleged $1.6 billion healthcare fraud

 Premium

NEWS: EPPO to be “killed softly” for doing its job, says outgoing chief prosecutor

Regulatory Watch News

  • Treasury Sanctions Rwandan Ministry of Defence and Financial Institution Supporting M23

    OFAC

      WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Rwandan Ministry of Defence and Zigama Credit and Savings Society, a Rwandan financial institution that has played a key role in facilitating Rwanda’s support for the March 23 Movement (M23) and its political wing, the Congo River Alliance. “Today, the United States makes good on President Trump’s promise to hold Rwanda accountable for its commitments under the Washington Accords for Peace and Prosperity,” said Secretary of the Treasury Scott Bessent.  “Rwanda must halt its support for M23 and withdraw its troops from eastern DRC.

  • GRECO President underlines role of corruption prevention at local level in countering democratic backsliding

    GRECO

    On 27 October 2026, GRECO President David Meyer addressed the 51st Session of the Congress of Local and Regional Authorities of the Council of Europe in Strasbourg, during a joint debate on early warning instruments against democratic backsliding. He underlined that preventing corruption and promoting integrity in local and regional government are essential to the health of democracies. In this context, he recalled that GRECO’s Sixth Evaluation Round, launched in March 2025, is the first to address corruption prevention at local and regional levels, where citizens most directly experience public authority.

  • Arrest in investigation into tax fraud

    Fiscal Information and Investigation Service - FIOD

     

    On Tuesday, October 27, the FIOD arrested a suspect and conducted searches in an investigation into tax fraud. A man from Amsterdam was taken in for questioning. His home and a business premises in Beverwijk were searched, and data carriers were seized. The man was released after questioning.

    The criminal investigation was launched following a tip from the Tax and Customs Administration. The suspect was the owner of a food business. During two unannounced on-site inspections in 2021 and 2022, the Tax and Customs Administration noted that no physical records were present within the company

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