NEWS: Italian police take down Chinese shadow network laundering mafia cash

Regulatory Watch News

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  U.S. Exposes Attempted Sanctions Evasion Scheme Connected to Russian Oligarch

  OFAC

  May 14, 2024

  WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated one Russian individual and three Russia-based companies involved in an attempted sanctions evasion scheme in which an opaque and complex supposed divestment could have unfrozen more than $1.5 billion worth of shares belonging to U.S.-designated Russian oligarch Oleg Vladimirovich Deripaska (Deripaska).

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  FIUs Role in the Fight Against the Abuse of NPOs for TF Activities Public Summary Report

  The Egmont Group

  May 14, 2024

  The Egmont Group is pleased to present a Public Summary Report on FIUs’ Role in the Fight Against the Abuse of NPOs for Terrorist Financing Activities. The NPO sector poses great challenges for FIUs due to its scale, distinctive structures and nature of the work undertaken. NPOs often work internationally, in or adjacent to conflict-afflicted areas, with those involved in humanitarian missions operating in the same environments and vulnerable populations as terrorist entities. This can render NPOs susceptible to exploitation and even have them complicit with terrorist organizations and their TF activities.

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  Audio released as former Chief of Staff to Madagascan President sentenced

  National Crime Agency

  May 14, 2024

  The National Crime Agency has released new audio clips exposing bribery in action after today’s sentencing of the former Chief of Staff to the President of Madagascar and her associate, French national Philippe Tabuteau. Romy Andrianarisoa, 47, from Madagascar, and Tabuteau, 54, were charged in August 2023 after requesting substantial sums of money in exchange for their help in securing an exclusive mining joint venture with the Government of Madagascar.