Anti-Financial Crime & Financial Crime Compliance
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NEWS: Ireland probes gambling on gangland figure in election amid money laundering concerns

Premium May 19, 2026

Simon Harris, Ireland's Tánaiste and Minister for Finance

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NEWS: Ireland probes suspicious Polymarket bets on Dublin by-election

NEWS: UK says £1bn a year laundered through vape shops and barbers

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INSIGHT: US watchdog OFAC issues $275m penalty against India’s Adani Enterprises – here are the key lessons

By PAUL O’DONOGHUE, Senior Correspondent

IRELAND’S Finance Minister and Tánaiste (Deputy Prime Minister) has instructed officials to probe gambling on a byelection, over suspected instances of money laundering.

It came after reports that multiple accounts placed suspicious bets on Gerry Hutch, the gangland figure known as ‘The Monk’, to lose the vote.

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Premium

NEWS: Ireland probes suspicious Polymarket bets on Dublin by-election

NEWS: UK says £1bn a year laundered through vape shops and barbers

 Premium

INSIGHT: US watchdog OFAC issues $275m penalty against India’s Adani Enterprises – here are the key lessons

Regulatory Watch News

  • Treasury Targets Flotilla Organizers and Muslim Brotherhood Networks Supporting Hamas

    OFAC

    WASHINGTON—Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action against four individuals associated with the pro-Hamas flotilla organized by the U.S.-designated Popular Conference for Palestinians Abroad (PCPA) that is attempting to access Gaza in support of Hamas.  OFAC is also taking action against key actors operating within Hamas-aligned Muslim Brotherhood networks.  Hamas relies on a diverse web of international partners to expand its malign political influence, facilitate violent terrorist activity, and undermine international efforts to achieve lasting peace in Gaza.

  • Deutsche Bank AG Penalty

    OFSI

    OFSI has imposed a £165,000 monetary penalty on Deutsche Bank AG London Branch (DBLB) for breaches of the Russia financial sanctions regime. 
    Between June and July 2022, DBLB processed two payments totalling £635,618.75 to an entity wholly owned by a designated person. 
    This is the second OFSI monetary penalty case resolved through settlement, demonstrating how proportionate and effective enforcement outcomes can support the rapid communication of compliance lessons to industry. 

  • 201 arrests in first-of-its-kind cybercrime operation in MENA region

    Interpol

    SINGAPORE – A first-of-its-kind cybercrime operation in the MENA region has led to the arrest of 201 individuals, with a further 382 suspects identified. Thirteen countries from the Middle East and North Africa took part in Operation Ramz (October 2025 – 28 February 2026) which aimed to investigate and disrupt malicious infrastructure, identify and arrest suspects, and prevent future losses. The operation focused on neutralizing phishing and malware threats, as well as tackling cyber scams that inflict severe cost to the region. In addition to the arrests made, 3,867 victims were identified, and 53 servers were seized. Operation Ramz marked a milestone as the first cyber operation of its scale coordinated by INTERPOL in the MENA region. During this effort, nearly 8,000 pieces of crucial data and intelligence were disseminated among participating countries to initiate and support investigations.

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