Author: Stephen Rae

Regulatory Watch News

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  Three due in court over Heathrow £3.6m cocaine seizures

  National Crime Agency

  May 1, 2024

  National Crime Agency officers have charged three people with drug smuggling offences after three separate cocaine seizures off the same flight. The trio were all on board a plane which flew in from Montego Bay in Jamaica and landed at Heathrow on Monday evening. NCA investigators were brought in after the men were stopped by Border Force officers, who had recovered around 45 kilos of cocaine from three suitcases.

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  Croatia: Three arrested for fraud involving funds for earthquake repairs

  European Public Prosecutor's Office

  May 1, 2024

  The European Public Prosecutor’s Office (EPPO) in Zagreb (Croatia) has initiated an investigation against three individuals and one company suspected of subsidy fraud and document forgery, to obtain a grant of approximately €2.5 million for earthquake repairs, financed by the EU Solidarity Fund (EUSF). All suspects were arrested yesterday (29 April 2024) at the request of the EPPO.

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  April 29, 2024 – FINTRAC advisory: Financial transactions related to countries identified by the Financial Action Task Force

  Fintrac

  April 29, 2024

  High-risk jurisdictions subject to a call for action

  The statement on high-risk jurisdictions subject to a call for action identifies jurisdictions for which the FATF has called on its members to either apply countermeasures (Democratic People's Republic of Korea (DPRK), Iran) or enhanced due diligence measures proportionate to the risks arising from the jurisdiction (Myanmar).