Anti-Financial Crime & Financial Crime Compliance
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EU, Financial Crime

NEWS: Europol officer describes €121m Hawala scheme

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By PAUL O’DONOGHUE, Senior Correspondent

A senior Europol officer has described how people using a Hawala scheme moved €121 million in suspected illicit finance.

Quentin Mugg, the French liaison officer at the Europol French desk, said it showed how criminals prefer “informal networks”.

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NEWS: Mistral developing cybersecurity AI model for European banks lacking Mythos access

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NEWS: SEB fincrime head Johan Sekora appointed as FCA chief operating officer

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NEWS: Don’t assume it’s business as usual on FCC supervision – AMLA’s Petersen

Regulatory Watch News

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    AMLA

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  • Syndicate member jailed over failed plot to import cocaine inside printers

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    A Victorian man, 47, has been sentenced to nine years’ jail over his role in a plot to import 22.4kg of cocaine into Australia. Australian Border Force (ABF) officers intercepted a consignment of five printers in Melbourne on 30 April, 2017, locating 10 packages of compressed white powder concealed within their paper trays. Presumptive testing indicated the substance was cocaine, with the total seizure weighing 22.4kg. The drugs were removed and substituted with another material. The consignment was transported via a controlled delivery to a factory in Airport West, Victoria.

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