Law enforcement officers investigate the scene following an attack on bank ATMs in Ratingen, Germany, March 15, 2023. Courtesy of Achim Blazy/Handout via REUTERS
A violent gang responsible for blowing up ATMs and causing millions in damage across Europe has been taken down by international law enforcement.
Dutch, French, and German police forces arrested three members of the criminal network following a series of raids, Europol announced.
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Amendments are being proposed to the Island’s anti-money laundering and countering the financing of terrorism (“AML/CFT”) framework in relation to Virtual Asset Service Providers (“VASPS”).
The Isle of Man Financial Services Authority (“the Authority”) is working in conjunction with the Department of Home Affairs to update the existing Travel Rule (Transfer of Virtual Assets) Code 2024 (“the Travel Rule Code 2024”).
The amendment to the Travel Rule Code 2024 will be made through the Travel Rule (Transfer of Virtual Assets) (Amendment) Code 2026, which is being laid before the March sitting of Tynwald.
France: Three convicted over US yacht import customs fraud
European Public Prosecutor's Office
(Luxembourg, 9 March 2026) – The European Public Prosecutor’s Office (EPPO) in Paris (France) has secured the conviction of two individuals and one company in a case involving the fraudulent import of a yacht from the US.
The case involved the deliberate undervaluation of the customs value of a high-speed Cigarette boat. Imported by a French company based near Bordeaux in July 2019, the vessel’s true value – USD 745,784 (approximately €686 000) – was concealed through false information and inaccurate documents. This misdeclaration caused an estimated loss to the EU budget of over €100 000.
EPPO: Council confirms Andrés Ritter as the new European chief prosecutor
European Council
The Council today agreed to the appointment of Andrés Ritter as the new European chief prosecutor to the European Public Prosecutor's Office (EPPO) with effect from 1 November 2026.
Andrés Ritter joined Germany’s prosecution service in 1995 and headed various prosecution offices. Ritter has been deputy European chief prosecutor since 2020.
The EPPO is an independent body of the EU responsible for investigating, prosecuting and bringing crimes against the financial interests of the Union (e.g. fraud, corruption, cross-border VAT fraud above €10 million) to judgment.