OPINION: Australian journalist reveals why the land down under is a ‘money laundering haven’

Regulatory Watch News

• 

  London and its parent company Oplyse Holdings Limited £2m for failing to act with integrity and misleading the PRA over their capital position

  Prudential Regulation Authority

  March 24, 2026

  The Prudential Regulation Authority (PRA) has fined The Bank of London Group Limited and Oplyse Holdings Limited (formerly The Bank of London Group Holdings Limited) £2 million for misleading the PRA over their capital positions, failing to act with integrity, failing to be open and cooperative with the regulator and failing to maintain adequate financial resources.

• 

  Festgeldplan(.)com: BaFin warns about website and identity fraud

  BaFin

  March 24, 2026

  The German Financial Supervisory Authority (BaFin) warns about offers from the website festgeldplan(.)com. According to information available to BaFin, the unknown operators of the website are offering financial services without the required authorisation. They give the impression that their offers originate from WPV Advisory & Asset Management GmbH & Co. KG, which is supervised by BaFin. It is a case of identity fraud. WPV Advisory & Asset Management GmbH & Co. KG has no connection with the website or the financial services offered there.

• 

  Investigation ‘Borotalco’: EPPO dismantles tobacco smuggling network operating in Italy, France, Poland, Switzerland and UK

  European Public Prosecutor's Office

  March 24, 2026

  (Luxembourg, 24 March 2025) – The European Public Prosecutor’s Office (EPPO) in Turin (Italy) has dismantled a tobacco smuggling network operating across Italy, France, Poland, Switzerland and the United Kingdom (UK), following a coordinated crackdown that led to multiple arrests today. Over 40 tonnes of illicit tobacco products were also seized in this investigation, code-named ‘Borotalco’ (talcum powder). The investigation started following the analysis of suspicious container movements arriving at the Port of Genoa (region of Liguria), making it possible to identify a transnational criminal organisation with the operational base located in the UK and connections across Europe, Africa and Asia.