Anti-Financial Crime & Financial Crime Compliance
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Financial Crime, Fraud, UK

NEWS: Think tank wants to create new UK anti-fraud watchdog

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INSIGHT: Meta vowed to stop illegal financial ads in Britain. It failed 1,000 times in a week

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LATEST: Global Fraud Summit 2026 ends with ‘Call to Action’ against scam surge

LATEST: Canada’s FINTRAC takes down 23 crypto-linked MSBs

By PAUL O’DONOGHUE, Senior Correspondent

A UK policing think tank, the Police Foundation, has called for urgent reforms to tackle fraud, including the creation of a national ‘Crime Prevention Agency’.

A new report from the Police Foundation, carried out with Virgin Media O2, said frontline officers lack the tools and training to tackle fraud.

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INSIGHT: Meta vowed to stop illegal financial ads in Britain. It failed 1,000 times in a week

 Premium

LATEST: Global Fraud Summit 2026 ends with ‘Call to Action’ against scam surge

LATEST: Canada’s FINTRAC takes down 23 crypto-linked MSBs

Regulatory Watch News

  • Latvia: 20 suspects detained over €1.5 million IT procurement fraud

    European Public Prosecutor's Office

    (Luxembourg, 18 March 2026) – The European Public Prosecutor’s Office (EPPO) in Riga (Latvia) has dismantled an organised crime group involving public officials suspected of wrongdoing in public procurement procedures for the acquisition of IT systems by state institutions. Twenty suspects were detained yesterday, including public officials. A total of 57 house and company searches were carried out yesterday with the support of Europol, the Economic Crime Combating Department and other Latvian law enforcement agencies. A substantial amount of evidence was seized, including from the State Digital Development Agency.

  • MAS Issues Prohibition Orders against former Relationship Managers, Mr Wang Qiming and Mr Liu Kai

    MAS

    The Monetary Authority of Singapore (MAS) has issued Prohibition Orders (POs) under the Financial Services and Markets Act 2022 (FSMA) against Mr Wang Qiming and Mr Liu Kai, former relationship managers, who were convicted of charges connected to the major money laundering case of August 2023. Given the gravity of their misconduct, MAS has issued a 16-year PO against Mr Wang Qiming and a 7-year PO against Mr Liu Kai.

  • Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and TradeStation Securities, Inc.

    OFAC

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced that TradeStation Securities, Inc. has agreed to pay $1,110,661 to settle its potential civil liability for 481 apparent violations of OFAC sanctions programs arising from TradeStation’s provision of brokerage and investment services to persons in Iran, Syria, and Crimea, between June 2021 and June 2022. The settlement amount reflects OFAC's determination that TradeStation's conduct was non-egregious and was voluntarily self-disclosed.

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