NEWS: Balkans cartel shipping cocaine to EU collapses following arrests in Spain

Regulatory Watch News

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  6.3kg of cocaine taken off the streets after joint investigation with Brantford Police Service

  Royal Canadian Mounted Police

  October 22, 2024

  The Brantford Police Service, in collaboration with RCMP Hamilton-Niagara Regional Detachment, executed search warrants at five southwestern Ontario locations resulting in three individuals from Brantford being charged. The searches uncovered 6.3kg of cocaine, with a street value of $170,000 and approximately $2,000,000 in Canadian currency, which has been seized as suspected proceeds of crime. A number of electronic communications devices were also seized. Additional arrests and charges may follow.

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  SEC Charges Four Companies With Misleading Cyber Disclosures

  SEC

  October 22, 2024

  Washington D.C., Oct. 22, 2024 —

  The Securities and Exchange Commission today charged four current and former public companies – Unisys Corp., Avaya Holdings Corp., Check Point Software Technologies Ltd, and Mimecast Limited – with making materially misleading disclosures regarding cybersecurity risks and intrusions. The SEC also charged Unisys with disclosure controls and procedures violations. The companies agreed to pay the following civil penalties to settle the SEC’s charges:

  • Unisys will pay a $4 million civil penalty;
  • Avaya. will pay a $1 million civil penalty;
  • Check Point will pay a $995,000 civil penalty; and
  • Mimecast will pay a $990,000 civil penalty.

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  Notice to Victims of the Lantian Gerui Fraud

  The Crown Prosecution Service

  October 22, 2024

  The Director of Public Prosecutions (DPP) has commenced civil recovery proceedings in respect of property which has been seized in the UK from Yadi Zhang (also known as Zhimin Qian) (Zhang) and Jian Wen (Wen), and additional assets. The claim was issued under Part 5 of the Proceeds of Crime Act 2002 (POCA) on 18 September 2024 in the King’s Bench Division of the High Court. The proceedings seek to recover the property on the ground that it is or represents property obtained through unlawful conduct, including fraudulent conduct in China involving a company named Tianjin Lantian Gerui Electronic Technology Co Ltd.