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NEWS: ‘Dubai Bank’ underground network used by European drugs gangs focus of major police operation

Premium September 8, 2026

A general view of Dubai Downtown showing world's tallest building Burj Al Khalifa, in Dubai United Arab Emirates, December 31, 2022. REUTERS/Abdelhadi Ramahi/File Photo

INSIGHT: How banks should use the ‘Page One Test’ to evaluate adverse media screening risk

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NEWS: Hawk appoints Marshall Billingslea, former US Treasury Assistant Secretary for Terrorist Financing, as strategic adviser

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NEWS: Italy launches permanent security network to tackle hybrid criminal threats

By PAUL O’DONOGHUE, Senior Correspondent

AN international drug trafficking probe has uncovered a clandestine money-transfer network known as “Dubai Bank”, Europol has revealed.

The network allegedly provided financial services to major criminal groups around the world. Spanish National Police, backed by Europol, arrested 21 suspects in the operation.

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INSIGHT: How banks should use the ‘Page One Test’ to evaluate adverse media screening risk

 Premium

NEWS: Hawk appoints Marshall Billingslea, former US Treasury Assistant Secretary for Terrorist Financing, as strategic adviser

 Premium

NEWS: Italy launches permanent security network to tackle hybrid criminal threats

Regulatory Watch News

  • SEC Charges Multiple Entities in Fraud Schemes Totaling at Least $15 Million That Used WhatsApp and Other Platforms to Lure Investors

    SEC

    Washington D.C., Sept. 29, 2026 —
    The Securities and Exchange Commission today charged multiple entities that are likely operated by individuals located overseas for defrauding hundreds of retail investors, including many in the U.S., through so-called investment confidence scams where the perpetrators sought to build online relationships with unsuspecting clients before stealing their money. In two separate complaints, both filed in U.S. District Court for the Southern District of New York, the SEC charged Cryptoaiml Ltd. and Cryptoaiml Capital Foundation as well as TSAI Pro Ltd. and TSAI Capital Foundation with fraud in connection with schemes that feigned SEC compliance while misappropriating more than $12.5 and $2.8 million, respectively, from investors through online platforms.

  • Met makes 17 arrests in major joint operation against organised crime group

    Metropolitan Police

      Met officers investigating a suspected organised crime group have arrested 17 people following dawn raids at 24 properties in London and four other counties. More than 800 officers took part in the arrest operations in the early hours of this morning – Tuesday, 29 September – at addresses in London, Essex, Hertfordshire, Cambridgeshire and Suffolk. Searches are ongoing at a number of the properties and there is expected to be an ongoing police presence for some days.

  • Update to UK Sanctions List: ISIL (Da’esh) and Al-Qaeda Sanctions Regime

    UK Government

    Today, Tuesday 29 September, the UK Government has amended 1 entity designated under the ISIL (Da’esh) and Al-Qaeda Sanctions Regime. This reflects an amendment made on 28 September by the UN Security Council Sanctions Committee pursuant to Resolutions 1267 (1999), 1989 (2011) and 2253 (2015). Amended Entity:

    Name: UN ID: Unique ID:
    Khatiba Jama’at Al-Tawhid Wal-Jihad (KTJ) QDe.168 AQD0377

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