Australia, Compliance, Compliance News, Financial Services
REPORT: AUSTRAC CEO Brendan Thomas (l) with Australia's Attorney General Markus Dreyfus (r).
By Paul O’Donoghue, Senior Correspondent
Australia has introduced a tough new regime to combat corporate bribery.
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OFSI
On 11 October 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. The following entries have been amended under the Russia financial sanctions regime and remain subject to an asset freeze and trust services sanctions:
SEC
European Public Prosecutor's Office
(Luxembourg, 11 October 2024) – The European Public Prosecutor’s Office (EPPO) in Sofia (Bulgaria) has formally accused the former mayor and the ex-governor of Varna, as well as two public officials from the Executive Agency Maritime Administration, in an investigation into possible fraud, reported by OLAF, involving the reconstruction of a fishing port. The four are accused of forging official documents and submitting false information, in order to illegally receive EU funds for a €3.4 million project, co-funded by the European Maritime and Fisheries Fund.
