Category: Financial Crime

Regulatory Watch News

• 

  AMLA launches survey on Central Contact Points

  AMLA

  August 6, 2026

  Understanding the current framework

  The survey forms part of AMLA's preparatory work on upcoming Regulatory Technical Standard on Art. 41 (2) AMLD. It aims to gather practical insights into how the existing framework has been implemented across the EU. The feedback will help AMLA understand how CCP arrangements work in practice, how effective they have been, and where institutions may have encountered operational challenges. In parallel, AMLA is conducting a separate survey for national competent authorities to gather supervisory perspectives. Crypto-asset service providers are not included in this exercise, as the previous CCP framework did not apply to them.

• 

  SFC obtains 13-year disqualification orders against former top executives of China Candy Holdings Limited for corporate malfeasance

  Securities and Futures Commission

  August 6, 2026

  The Securities and Futures Commission (SFC) has obtained 13-year disqualification orders in the Court of First Instance against three former top executives of China Candy Holdings Limited (China Candy) for their involvement in fiendish schemes that substantially overstated the company’s cash and bank balances by falsifying accounting records, misleading the auditors and concealing the company’s true financial position. The three former top executives are: Mr Xu Jinpei, former chairman and executive director; Ms Hong Yinzhi, former executive director, chief executive officer and compliance officer; and Mr Wang Zhihong, former chief financial controller and compliance officer .

• 

  Investigation ‘Gummy Bear’: Searches carried out in Brazil, Belgium and Germany in probe into customs fraud involving gelatine imports

  European Public Prosecutor's Office

  August 5, 2026

  (Luxembourg, 5 August 2026) – In an investigation into a suspected customs evasion scheme involving gelatine imports between affiliated companies, led by the European Public Prosecutor’s Office (EPPO) in Frankfurt (Germany), coordinated searches were carried out in Brazil, Belgium and Germany. The investigation, code-named ‘Gummy Bear’, concerns the alleged undervaluation of raw materials imported from Brazil by affiliated companies for the production of gelatine products in Germany, which may have resulted in the underpayment of customs duties.