Anti-Fraud & Financial Crime
Regulatory Intelligence Incorporating 'Fraud Squad'

Analysis & Opinion, Sanctions, Schuman

EUROPEAN NOTEBOOK: AMLA chief heads to Washington to gauge US intentions on standards and sanctions

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NEWS: US targets 41 companies linked to Cambodia’s Prince Group in fresh sanctions

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NEWS: FINRA fines Webull $4.2 million over AML failures, including scenic photos used as ID

NEWS: Banks need more AI and digital expertise at the top to counter cyber threats, ECB’s Tuominen says

AMLA Chair Bruna Szego crossed the Atlantic for an official visit to the US, and the timing could hardly be more topical for the anti-financial crime world. Sanctions, global standards, company registers: the agenda has it all. Before plunging into a week of long meetings and (hopefully not too) tough exchanges, Szego did what many…

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Premium

NEWS: US targets 41 companies linked to Cambodia’s Prince Group in fresh sanctions

 Premium

NEWS: FINRA fines Webull $4.2 million over AML failures, including scenic photos used as ID

NEWS: Banks need more AI and digital expertise at the top to counter cyber threats, ECB’s Tuominen says

Regulatory Watch News

  • Combating End-to-End Illicit Financial Flows Linked to Scam Compounds: Applying the FATF Toolkit to the Fraud Epidemic

    FATF

    Scam compounds are networked, industrialised and transnational criminal infrastructures that may operate through large physical compounds, smaller or decentralised cells, and specialised service providers connected through common controllers, financial infrastructure and operational dependencies. The FATF’s report, Combating End-to-End Illicit Financial Flows Linked to Scam Compounds has examined scam compounds through a financial flows lens, tracing how criminal proceeds are generated, moved, laundered and reinvested.

  • Germany: Individual arrested over €1.1 million fraud involving subsidies for renovation of historic buildings and suspected arson

    European Public Prosecutor's Office

    (Luxembourg, 6 November 2026) – At the request of the European Public Prosecutor’s Office (EPPO) in Berlin (Germany), an individual was arrested this week on suspicion of fraudulently obtaining over €1.1 million in EU subsidies intended for the renovation of two historic buildings. He is also suspected of deliberately setting fire to one of the buildings in an attempt to conceal the alleged fraud. The arrested suspect was the representative of two non-profit associations based in the German federal state of Saxony-Anhalt. He applied for and received EU subsidies from the European Regional Development Fund (ERDF), totalling €1 126 299, for the renovation of two historic buildings, including energy-efficiency improvements. The buildings were intended for cultural activities, following their renovation.

  • Treasury Targets Global Scam Networks and the Corporate Infrastructure That Enables Them

    OFAC

    WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned four individuals and 41 entities that support the business network of Prince Group Transnational Criminal Organization (TCO) previously sanctioned by the United States for its role in cyber-enabled fraud, money laundering, and human trafficking.  Additionally, OFAC designated a Malaysian individual who defrauded U.S. victims by managing a network of Africa-based scammers.

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