NEWS: FIUs in France, Germany and Poland focus on cryptocurrency money laundering risks

Regulatory Watch News

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  Italy: One suspect pleads guilty in yacht import customs fraud case, another indicted

  European Public Prosecutor's Office

  June 26, 2026

  (Luxembourg, 26 June 2026) – The European Public Prosecutor’s Office (EPPO) in Venice (Italy) has filed an indictment against a suspect in a case involving the fraudulent import of a yacht from Australia without declaring the ship to customs, in order to evade payment of VAT. Another suspect has entered into a plea agreement, subject to approval by the court. The case concerns suspected aggravated smuggling, relating to the failure to submit a customs import declaration for a sailing yacht, a multiple winner of international regattas. Based on the investigation, it appears that the offence has been committed jointly by a skipper based in Trieste, who imported the ship, and the director of an Australian company, the owner of the yacht in question.

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  ClickFit: Investment Scams

  Australia Federal Police

  June 26, 2026

  Being ClickFit helps you make safe investment decisions online.

  Investment scams are designed by criminals to steal money, often through fake stock platforms, celebrity endorsements, or cryptocurrency schemes. Scammers typically promise high returns with little risk and rely on urgency because the faster you act, the faster they can take your money. This is why being ClickFit is so important to help Australians invest safely and recognise the warning signs of investment scams.

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  Paying the price: Illegal immigration consultant sentenced for evading over $112,000 in federal taxes

  FINTRAC

  June 25, 2026

  The Canada Revenue Agency (CRA) announced today that Qi Wang of Roberts Creek, British Columbia, was sentenced on June 24, 2026, in the Court of King’s Bench for Saskatchewan located in Regina, Saskatchewan, to a 6-month conditional sentence order, and was fined a total of $112,627.33 after pleading guilty to two counts of tax evasion under the Income Tax Act related to his personal income tax returns. A CRA investigation revealed that Wang failed to report $494,891.75 in income between 2013 and 2016, resulting in $112,627.33 in federal income tax evaded. In examining Wang’s financial records, the CRA found that he earned $472,891.75 while operating as an unregistered immigration consultant. Between 2013 and 2015, Wang did not report the income from payments he received from foreign nationals to help with their applications for permanent residence in Canada. Wang also failed to file a tax return for 2016, adding an additional $22,000 in employment income unreported