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

Compliance, EU, Financial Crime, Fraud

NEWS: FIU Luxembourg deputy calls for “enhanced multilateral cooperation” to fight fraud

Premium July 1, 2026

Spuerkeess headquarters at Place De Metz in Luxembourg. Picture: Wikimedia Commons

Premium

NEWS: Banks tell Big Tech to share more data to fight fraud

 Premium

NEWS: AUSTRAC boss says ‘behavioural technology’ can stop fraud in real time

FRAUD: FATF President unveils new plan to tackle $500bn fraud pandemic 

By Stephen O’Reilly

FINANCIAL intelligence units (FIUs) need to move beyond “purely bilateral” cooperation to keep pace with “increasingly organised” criminals, according to Paul Ketter, deputy director of the Luxembourg FIU.

Speaking during the launch of the Financial Action Task Force (FATF)’s 26-28 roadmap on combatting fraud, Ketter said that “enhanced multilateral information sharing” between authorities was “clearly the way forward.”

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: Banks tell Big Tech to share more data to fight fraud

 Premium

NEWS: AUSTRAC boss says ‘behavioural technology’ can stop fraud in real time

FRAUD: FATF President unveils new plan to tackle $500bn fraud pandemic 

Regulatory Watch News

  • UK takes over Presidency of Financial Action Task Force (2026–2028)

    FATF

    Giles Thomson began his term as President of the Financial Action Task Force (FATF) on 1 July 2026. He succeeded Ms. Elisa de Anda Madrazo of Mexico. He served as FATF Vice-President from July 2025 - June 2026 and has been replaced by Vivek Aggarwal, from India, as Vice-President. Giles Thomson serves as Director for Economic Crime and Sanctions in His Majesty's Treasury. He is responsible for the UK's AML/CTF policy and the Office for Financial Sanctions Implementation.

  • Four questions about DNB’s new payment fraud figures

    DeNederlandscheBank

    1. What is a fraudulent transaction?
    2. How do banks and payment institutions deal with fraudulent transactions?
    3. Why is DNB now publishing these figures?
    4. Which figures are included, and which are not?
     

  • Italy: EPPO seizes over €23.5 million in investigation into VAT fraud in the fuel sector

    European Public Prosecutor's Office

    (Luxembourg, 1 July 2026) – On behalf of the European Public Prosecutor’s Office (EPPO) in Milan (Italy), the Italian Financial Police (Guardia di Finanza) and the Italian Customs and Monopolies Agency (Agenzia delle Dogane e dei Monopoli) seized assets worth over €23.5 million, in an investigation into a VAT fraud scheme involving imported fuel to the Italian market. At the request of the EPPO, the Judge for Preliminary Investigations at the Court of Milan issued an order to seize assets worth up to €60 million to secure compensation for the alleged damage. On Tuesday, properties in Lombardy, Liguria and Valle d’Aosta worth approximately €13.5 million were seized, as well as bank accounts containing around €10 million, and several vehicles. Efforts to identify and seize additional assets are ongoing.

Sign Up To Our Newsletter

Contact Us