Category: aml

Regulatory Watch News

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  Financial sanctions update: Global Human Rights

  OFSI

  February 19, 2025

  On 19 February 2025 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. The following entry has been amended on the Global Human Rights financial sanctions regime and is still subject to an asset freeze:

  • Eden Levi (Group ID: 16485)

  OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes.

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  14 arrested in hit against money laundering gang in Portugal and Spain

  Europol

  February 19, 2025

  Europol has supported a cross-border operation led by Spanish authorities and involving law enforcement from Portugal against the members of a criminal network, mainly Russian nationals, who provided money-laundering services to other EU-based gangs. The ring had already laundered more than EUR 1 million since the beginning of the investigation.

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  OLAF completes investigation into suspected serious irregularities in EU-funded procurement of power generators for Ukraine

  OLAF

  February 19, 2025

  The European Anti-Fraud Office (OLAF) has recommended the financial recovery of over EUR 91 million that were intended for the purchase and delivery of power generators to areas in Ukraine affected by power shortages.  OLAF completed in June 2024 its investigation into alleged serious breaches of procurement rules, transparency, and financial management in a EUR 114 million EU-funded project managed by Poland's Government Agency for Strategic Reserves (RARS).