Anti-Fraud & Financial Crime
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NEWS: HSBC Private Bank to cut ties with 1,000 ‘high risk’ Middle Eastern clients

Premium August 23, 2025

File photo shows HSBC Switerland Private Bank in Geneva.

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NEWS: Sydney man charged over alleged AUS$123m money laundering network

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FRAUD SQUAD: Inside the shell company network behind an alleged $1.6 billion healthcare fraud

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NEWS: EPPO to be “killed softly” for doing its job, says outgoing chief prosecutor

By PAUL O’DONOGHUE, Senior Correspondent

SWISS lender HSBC Private Bank will end its relationship with more than 1,000 wealthy clients from the Middle East.

Many of them hold assets worth over $100 million. The bank wants to lower its exposure to accounts it considers high risk.

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Premium

NEWS: Sydney man charged over alleged AUS$123m money laundering network

 Premium

FRAUD SQUAD: Inside the shell company network behind an alleged $1.6 billion healthcare fraud

 Premium

NEWS: EPPO to be “killed softly” for doing its job, says outgoing chief prosecutor

Regulatory Watch News

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    On 27 October 2026, GRECO President David Meyer addressed the 51st Session of the Congress of Local and Regional Authorities of the Council of Europe in Strasbourg, during a joint debate on early warning instruments against democratic backsliding. He underlined that preventing corruption and promoting integrity in local and regional government are essential to the health of democracies. In this context, he recalled that GRECO’s Sixth Evaluation Round, launched in March 2025, is the first to address corruption prevention at local and regional levels, where citizens most directly experience public authority.

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    On Tuesday, October 27, the FIOD arrested a suspect and conducted searches in an investigation into tax fraud. A man from Amsterdam was taken in for questioning. His home and a business premises in Beverwijk were searched, and data carriers were seized. The man was released after questioning.

    The criminal investigation was launched following a tip from the Tax and Customs Administration. The suspect was the owner of a food business. During two unannounced on-site inspections in 2021 and 2022, the Tax and Customs Administration noted that no physical records were present within the company

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