Category: Compliance

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US charges two Russians with defrauding millions in cryptocurrency scam

Malta’s FIAU issues new guidelines on suspicious transaction reporting

Leaked EU proposal calls for bloc-wide crypto asset regulations

Philippe Vollot tackles financial crime

How Danske responded to Estonia money laundering scandal, including doubling Compliance team – Deutsche veteran Vollot on leading the change

Gamblers using online shopping to launder billions in China

FATF’s new report on virtual asset risks is met with lukewarm reaction

AML support centre on the cards for Malta

Brazil’s ex-president faces fresh R$4 million laundering charge

SRA investigates prestigious UK law firm Mishon de Reya

FATF launches report on red flag indicators of money laundering in virtual currencies

Uzbekistan to receive €110 million from Switzerland in long-running criminal investigation

US DOJ charges 57 people with fraud charges in Covid-19 aid programme

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FINTRAC guidance related to the Ministerial Directive on Financial Transactions Associated with the Islamic Republic of Iran
FINTRAC
June 23, 2026
This guidance explains the requirements of the Ministerial Directive on Financial Transactions Associated with the Islamic Republic of Iran.
Treasury Further Dismantles Overseas Scam Operations Targeting Americans
OFAC
June 23, 2026
WASHINGTON—Today, the U.S. Department of the Treasury took coordinated action to further disrupt the Prince Group Transnational Criminal Organization (Prince Group TCO). The Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned nine individuals and 26 entities linked to Prince Group TCO, including TCO leadership, investors in scam compounds, and front companies. In parallel, Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed amending its October 2025 Huione Group Final Rule to include H-Pay Service PLC and any successor entity. Huione Group served as a critical node for laundering proceeds of cyber heists and virtual currency investment scams and was used by the Prince Group to transfer and consolidate scam-derived assets.
OLAF and Cyprus Authorities advance digital fight against fraud to better protect EU funds
OLAF
June 23, 2026
The European Anti-Fraud Office (OLAF) and the Cyprus Anti-Fraud Coordination Service (AFCOS) are hosting the 2^nd Technical Workshop on Digital Anti-Fraud Tools in Lemesos, Cyprus. The event, taking place from 22 to 24 June 2026, brings together nearly 100 anti-fraud specialists from EU Member States, the European Public Prosecutor’s Office (EPPO), Europol, Eurojust, the European Court of Auditors (ECA) and OLAF. The workshop is supported by the Treasury of the Republic of Cyprus. Organised under the auspices of the Cyprus Presidency of the Council of the European Union, the workshop marks an important milestone in the digital transformation of anti-fraud cooperation in Europe. It also forms part of the Republic of Cyprus’ continued efforts to strengthen cooperation with OLAF and the Member States, promoting modern, practical and effective solutions for the protection of the European Union’s financial interests.