NEWS: Bank of Ireland using AI to scan 2.9m transactions a day for fraud

Regulatory Watch News

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  27 arrests and 248 potential victims identified in action week against labour exploitation

  Europol

  October 23, 2026

  Europol, the European Labour Authority (ELA), and 34 participating countries today announced the results of an action week targeting human trafficking for labour exploitation. The operation, part of an EMPACT action led by Sweden, brought together police, border guards, labour and social security inspectorates, and tax authorities to crack down on exploitative practices in high-risk sectors such as agriculture, construction, cosmetic services, massage parlours, and hospitality.

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  Press Release: AMLA and OLAF strengthen cooperation in the fight against financial crime

  AMLA

  October 23, 2026

    AMLA and the European Anti-Fraud Office (OLAF) have today signed a Working Arrangement to strengthen cooperation and information exchange between the two bodies, supporting their work against money laundering, terrorist financing, fraud and corruption. The Working Arrangement sets out a framework for cooperation and the exchange of operational and strategic information, including criminal patterns, emerging trends, risk indicators and crime prevention methods. These exchanges will help the two bodies identify links between their work and draw on each other’s expertise.

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  Lithuania: 12 charged in investigation into suspected €1.3 million fraud involving EU-funded projects

  European Public Prosecutor's Office

  October 23, 2026

  (Luxembourg, 23 October 2026) – The European Public Prosecutor’s Office (EPPO) in Vilnius (Lithuania) has charged twelve individuals in an investigation into suspected fraud and document forgery involving two EU-funded projects. The alleged offences are estimated to have caused more than €1.3 million in damage, and the suspects are also accused of attempting to obtain a further €500 000 in funding, which was not paid. The investigation is being carried out by Lithuania’s Financial Crime Investigation Service (Finansinių nusikaltimų tyrimo tarnyba - FNTT). This week, 100 FNTT officers conducted 25 searches across the counties of Klaipėda, Kaunas, Marijampolė, and Vilnius. 64 witnesses have also been interviewed.