NEWS: Jack Dorsey’s Block probed by US prosecutors over crypto compliance concerns

Regulatory Watch News

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  OLAF and Cyprus Authorities advance digital fight against fraud to better protect EU funds

  OLAF

  June 23, 2026

  The European Anti-Fraud Office (OLAF) and the Cyprus Anti-Fraud Coordination Service (AFCOS) are hosting the 2^nd Technical Workshop on Digital Anti-Fraud Tools in Lemesos, Cyprus. The event, taking place from 22 to 24 June 2026, brings together nearly 100 anti-fraud specialists from EU Member States, the European Public Prosecutor’s Office (EPPO), Europol, Eurojust, the European Court of Auditors (ECA) and OLAF. The workshop is supported by the Treasury of the Republic of Cyprus. Organised under the auspices of the Cyprus Presidency of the Council of the European Union, the workshop marks an important milestone in the digital transformation of anti-fraud cooperation in Europe. It also forms part of the Republic of Cyprus’ continued efforts to strengthen cooperation with OLAF and the Member States, promoting modern, practical and effective solutions for the protection of the European Union’s financial interests.

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  Cyber criminals who hacked into Transport for London’s computer network are convicted

  National Crime Agency

  June 23, 2026

  Two young men have admitted mounting a cyber attack on Transport for London (TfL), which cost tens of millions of pounds in losses and inconvenienced thousands of customers. The National Crime Agency and City of London Police investigated Thalha Jubair, 20, from East London, and Owen Flowers, 18, from Walsall, West Midlands, after TfL’s network was infiltrated between 31 August and 3 September 2024. Jubair and Flowers, who were arrested at their home addresses on 16 September last year by the NCA and COLP, were both members of the online criminal collective known as Scattered Spider. The pair compromised TfL’s network, forcing all 28,000 employees to attend a TfL office for a password reset. The organisation suffered a reported £29 million in loss and recovery costs.

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  Europol and INTERPOL strengthen partnership against global criminal threats

  Europol

  June 23, 2026

  Europol and INTERPOL have renewed their joint commitment to combatting transnational organised crime, agreeing on a new set of Joint Key Operational Priorities (JKOP) that will guide cooperation between the two organisations in the year ahead.

  The renewed framework strengthens coordination across a range of crime areas, including organised crime, cybercrime, economic and financial crime, and counter-terrorism. Developed jointly by operational experts from both organisations, the priorities are designed to support a more proactive and coordinated response to criminal networks operating across borders.