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NEWS: ECB President Lagarde says she only supported AMLA for Frankfurt if education facilities improved; lambasts city authorities over ’embarrassing’ lack of school places

Premium September 18, 2025
Christine Lagarde, the President of the European Central Bank, Bruna Szego, the chair of the EU’s Anti-Money Laundering Authority (AMLA).

FRANKFURT: File photo shows Christine Lagarde, President of the European Central Bank with Bruna Szego, chair of AMLA. This week Ms Lagarde said the lack of education facilities in Frankfurt was "embarrassing." “I supported the mayor of Frankfurt when he tried to get AMLA to Frankfurt” on the basis of a new campus and extra school places being delivered, she said.

NEWS: FinCEN urges whistleblowers to report Iran-linked illicit finance

WEBINAR: How EU companies can prepare for the end of one-time KYC

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ANALYSIS: 25 years after 9/11, Europe’s fight against terrorist financing is far from over

By PAUL O’DONOGHUE, Senior Correspondent

AMLA, the EU’s new AML watchdog, has called on the city of Frankfurt to open a new European School for children of the watchdog’s staff.

Simonas Krėpšta, an AMLA Executive Board member, said he has “high expectations” that the German city will deliver the facility.

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NEWS: FinCEN urges whistleblowers to report Iran-linked illicit finance

WEBINAR: How EU companies can prepare for the end of one-time KYC

 Premium

ANALYSIS: 25 years after 9/11, Europe’s fight against terrorist financing is far from over

Regulatory Watch News

  • Update to UK Sanctions List: ISIL (Da’esh) and Al-Qaida Regime, Global Human Rights Regime and Russia Regime

    UK Government

    Today, 10 September, the UK Government varied the designation of one entity sanctioned under the Russia regime. Furthermore, one designation under the ISIL (Da'esh) and Al Qaeda sanctions regime and one designation under the Global Human Rights sanctions regime have been corrected. Individuals corrected:

    Name: Unique ID:
    Abubakar SWALLEH AQD0388
    Avichai SUISSA GHR0202
    Entities varied:
    Name: Unique ID:
    JSC SOLID BANK RUS3077
     

  • Two more admit General Election betting offences

    Gambling Commisiion

    Today, 10 September, Anthony Lee pleaded guilty to two offences of cheating, contrary to section 42(1)(a) and section 42(1)(b) of the Gambling Act 2005.

    Laura Lee (formerly Saunders) pleaded guilty to one offence of cheating, contrary to section 42(1)(a) of the Gambling Act 2005. The 2024 General Election date of 4 July 2024 was announced to the public by then-Prime Minister Rishi Sunak on 22 May 2024. In advance of this announcement there was significant planning for a 4 July 2024 General Election. Planning happened at 10 Downing Street and amongst staff at Conservative Campaign Headquarters. Before the date of the General Election was announced, various gambling operators offered special markets in the lead up to the election announcement as to when the General Election would be held.

  • Man pleads guilty to fraud and forgery offences relating to fake takeover approach

    Financial Conduct Authority

    Christopher Woolcott has pleaded guilty to 4 counts of fraud and forgery after creating a fake takeover bid for Touchstone Exploration Inc.
    Mr Woolcott held shares in Touchstone Exploration Inc and stood to benefit financially from any upward movement in the share price had the fake takeover bid been announced to the market. Mr Woolcott admitted creating a fictitious takeover approach for Touchstone Exploration Inc using multiple false identities and forged documents, in an attempt to lend credibility to the approach.

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