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NEWS: UK accountancy and legal bodies ‘should be stripped’ of AML policing powers

Premium September 25, 2024

File photo shows the modern skyscrapers of the financial district Canary Wharf in London, UK.

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EUROPEAN NOTEBOOK: ‘Show respect’ to AMLA Chair, MEPs chided; Bubble heavyweight Tinagli on real estate dirty money; Dublin’s Frankfurt shock; BaFin’s Rodolphe has new laser focus

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NEWS: Direct supervision ‘great opportunity’ for 40 selected entities, Szego says

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NEWS: EPPO issues reprimand to Bulgarian prosecutor over misconduct

By Paul O’Donoghue, Senior Correspondent

Allowing professional bodies for lawyers and accountants to set AML standards for their sectors “is not working”, a prominent charity has said.

Spotlight on Corruption said that “failing” UK organizations should now be stripped of their AML oversight powers.

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Premium

EUROPEAN NOTEBOOK: ‘Show respect’ to AMLA Chair, MEPs chided; Bubble heavyweight Tinagli on real estate dirty money; Dublin’s Frankfurt shock; BaFin’s Rodolphe has new laser focus

 Premium

NEWS: Direct supervision ‘great opportunity’ for 40 selected entities, Szego says

 Premium

NEWS: EPPO issues reprimand to Bulgarian prosecutor over misconduct

Regulatory Watch News

  • Armenia: New GRECO report evaluates progress in anti-corruption measures for the central government and law enforcement

    GRECO

    GRECO has today made public its Fifth Round First Compliance Report on Armenia, setting out an assessment of the progress made by Armenia in implementing GRECO's recommendations obtained in its Fifth Round Evaluation Report on Armenia to prevent corruption and promote integrity in respect of central governments (top executive functions) and law enforcement agencies. The report was adopted by GRECO at its 103rd Plenary Meeting, held in Strasbourg from 8 to 12 June 2026.

  • Five arrests for smuggling migrants across the Bulgarian-Serbian green border

    Europol

    An investigation coordinated under a Europol taskforce led to the dismantlement of a migrant smuggling network active across the Balkan route. The Serbian authorities arrested several suspects, including two police officers in an investigation involving Bulgarian law enforcement. The criminal network allegedly smuggled a large number of migrants between January and July 2026 alone, transporting them via Bulgaria, through Serbia and towards Western European countries.

  • Greece: EPPO indicts 22 in ongoing probe into large-scale agricultural subsidy fraud

    European Public Prosecutor's Office

    (Luxembourg, 16 July 2026) – The European Public Prosecutor’s Office (EPPO) in Athens (Greece) has indicted 22 defendants, including four current Members of the Hellenic Parliament, several former high-ranked public officials and political staff, as part of an investigation into an alleged organised fraud scheme involving agricultural funds. The allegations against seven other active Members of Parliament have been dismissed.

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