Category: Financial Crime

Regulatory Watch News

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  Greece: EPPO indicts 22 in ongoing probe into large-scale agricultural subsidy fraud

  European Public Prosecutor's Office

  July 16, 2026

  (Luxembourg, 16 July 2026) – The European Public Prosecutor’s Office (EPPO) in Athens (Greece) has indicted 22 defendants, including four current Members of the Hellenic Parliament, several former high-ranked public officials and political staff, as part of an investigation into an alleged organised fraud scheme involving agricultural funds. The allegations against seven other active Members of Parliament have been dismissed.

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  Organised crime syndicate members sentenced to a combined 54 years jail over botched 500kg cocaine importation

  Australia Federal Police

  July 16, 2026

  Three members of a Melbourne-based criminal syndicate, with alleged links to Italian organised crime, were today (16 July, 2026) sentenced for conspiring to import over 500 kilograms of cocaine into Australia from Papua New Guinea. The men were arrested in July 2020, after an investigation into a black flight by the Queensland Joint Organised Crime Taskforce (QJOCTF) – working closely with Victoria Police and the Royal Papua New Guinea Constabulary (RPNGC) – led to coordinated search warrants across Victoria, NSW, Queensland and PNG.

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  Treasury Targets Global Network Procuring Weapons for Iranian Regime

  OFAC

  July 15, 2026

  WASHINGTON—Today, following Iran’s attacks on commercial vessels in the Strait of Hormuz, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned seven individuals and entities involved in an international network supporting weapons procurement efforts on behalf of the Islamic Revolutionary Guard Corps (IRGC).  The actors designated today exemplify Iran’s use of foreign aviation and transport firms, financial conduits, and travel coordinators to obscure the IRGC’s role in illicit procurement and to move material and personnel globally.  OFAC will continue to disrupt the overseas procurement and financial networks that sustain Iran’s weapons production and proliferation efforts, which threaten Americans and U.S. partners and allies worldwide.