MAJOR social media companies should step up oversight of so-called ‘finfluencers’ to tackle scams on their platforms, according to the FCA (Financial Conduct Authority).
The UK regulator called for tougher oversight via the Online Safety Act, which requires tech platforms to remove fraudulent advertising.
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Italy’s measures to counter money laundering, terrorist financing and proliferation financing
FATF
The FATF mutual evaluation of Italy assessed the effectiveness of the country’s anti-money laundering, countering terrorist financing and proliferation financing (AML/CFT/CPF) measures, and their level of compliance with the FATF Recommendations, at the time of an on-site visit between June and July 2025.
The assessment found that Italy has a whole-of-government approach to combating illicit finance, with sophisticated coordination to ensure that operational agencies share information and resources and are able to conduct investigations jointly, particularly for complex money laundering cases involving serious organised crime. However, Italy should address limitations to access to information about who owns assets (Beneficial Ownership).
Romania: EPPO conducts searches in investigation into suspected corruption and procurement fraud involving medical equipment
European Public Prosecutor's Office
(Luxembourg, 27 April 2026) – The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca (Romania) is leading an investigation into suspected corruption and procurement fraud related to the acquisition of medical equipment, with searches carried out in Bucharest, Brașov and Mureș last week.
The investigation concerns a public procurement procedure for medical equipment worth approximately €1.5 million, conducted during the Covid-19 pandemic in 2021. Based on the evidence, the tender specifications were allegedly tailored to favour a specific company, which ultimately won the contract.
Scam alert related to banks
HKMA
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to the press releases issued by the banks listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which have been reported to the HKMA. Hyperlinks to the press releases are available on the HKMA website.
Bank
Type of Scam
The Bank of East Asia, Limited
Fraudulent website and internet banking login screen
Shanghai Commercial Bank Limited
Fraudulent website and internet banking login screen
Chong Hing Bank Limited
Fraudulent website and internet banking login screen
OCBC Bank (Hong Kong) Limited
Fraudulent websites and internet banking login screens
China CITIC Bank International Limited
Fraudulent website and internet banking login screen