NEWS: Singapore subsidiary of Citigroup and CIMB Group Holdings affected in billion-dollar laundering raid

Regulatory Watch News

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  AMLA Chair presents 2025 Consolidated Annual Activity Report to the European Parliament

  AMLA

  July 15, 2026

  AMLA Chair Bruna Szego presented the Authority’s 2025 Consolidated Annual Activity Report today at a public hearing of the European Parliament’s Committee on Economic and Monetary Affairs (ECON) and Committee on Civil Liberties, Justice and Home Affairs (LIBE). The report provides an overview of AMLA’s institutional development and the progress made in 2025 across its core tasks: developing the EU Single Rulebook, strengthening AML/CFT supervision and supporting cooperation between Financial Intelligence Units.

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  Italy: EPPO indicts six suspects in fraud investigation involving sustainable mobility project

  European Public Prosecutor's Office

  July 15, 2026

  (Luxembourg, 15 July 2026) – The European Public Prosecutor’s Office (EPPO) in Bologna (Italy) has indicted six individuals before the competent Italian court for suspected fraud involving EU funding under the LIFE programme, intended to support sustainable mobility initiatives in the Tuscan municipalities of Isola del Giglio, Monte Argentario and Orbetello. The investigation concerns a project financed through the EU’s LIFE programme, a funding instrument supporting environmental, climate and energy transition initiatives. The project aimed to promote integrated sustainable mobility through the use of electric vehicles, including bicycles, scooters, cars and boats. It also envisaged electric boats for navigation in the Orbetello lagoon.

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  Appeal for assistance after more than 500kg cocaine seized in Sydney

  Australia Federal Police

  July 15, 2026

  The AFP is seeking information from members of the public after 534kg of cocaine was found hidden inside a shipping container in Sydney this week (13 July, 2026). Australian Border Force (ABF) officers examined the consignment, which was bound for Victoria, and identified a significant number of suspicious packages inside the container. ABF officers inspected the consignment and located 14 duffel bags concealed under a tarp inside the shipping container.