Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

EU, Financial Crime

NEWS: EU police dismantle €700m network running scam crypto sites

Premium December 4, 2025
Premium

NEWS: Austria’s FIU talks crypto cooperation with FinCEN

 Premium

NEWS: EU considers using frozen Russian assets to give Ukraine €90bn ‘reparations loan’

INSIGHT: Despite EU divergence over Russia, FATF’s valuable work needed now more than ever

By PAUL O’DONOGHUE, Senior Correspondent

EUROPEAN authorities have dismantled a major crypto-fraud and money-laundering network that allegedly moved more than €700 million.

Police arrested nine people as part of the operation.

AML Intelligence
Subscribe now to have unlimited access

With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in
Premium

NEWS: Austria’s FIU talks crypto cooperation with FinCEN

 Premium

NEWS: EU considers using frozen Russian assets to give Ukraine €90bn ‘reparations loan’

INSIGHT: Despite EU divergence over Russia, FATF’s valuable work needed now more than ever

Regulatory Watch News

  • FinCEN Issues Financial Trend Analysis on Ransomware

    FinCEN

    WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing a Financial Trend Analysis on ransomware incidents in Bank Secrecy Act (BSA) data between 2022 and 2024, which totaled more than $2.1 billion in ransomware payments. “Banks and other financial institutions play a key role in protecting our economy from ransomware and other cyber threats,” said FinCEN Director Andrea Gacki. “By quickly reporting suspicious activity under the Bank Secrecy Act, they provide law enforcement with critical information to help detect cybersecurity trends that can damage our economy. This work is vital to safeguarding our nation’s financial sector and strengthening our national security.”

  • Former President of Failed Oklahoma Bank Indicted for Bank

    FINTRAC

    A federal grand jury in the Western District of Oklahoma returned an indictment yesterday charging the former President and Chief Executive Officer of the First National Bank of Lindsay for his role in a conspiracy to commit bank fraud, bank fraud, making false entries in the books and records of a financial institution, obstructing the examination of a financial institution and failing to implement an anti-money laundering program.

  • FINTRAC imposes an administrative monetary penalty on Griffin Jewellery Designs Inc.

    FINTRAC

    FINTRAC announced today that it has imposed an administrative monetary penalty on Griffin Jewellery Designs Inc. Following a compliance examination, Griffin Jewellery Designs Inc., a full-service jewellery retailer with 21 locations across Ontario, Nova Scotia and New Brunswick, was imposed an administrative monetary penalty of $77,137.50 on October 17, 2025, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.

Sign Up To Our Newsletter

Contact Us