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Regulatory Watch News
Extortion Task Force Takes Down International Criminal Group Targeting South Asian Community
FINTRAC
Region of Peel – Peel Regional Police have arrested 17 individuals, majority of whom have ties to an international criminal network known as For Brothers, which targeted South Asian business owners and community members across the region, Canada and the United States. Led by the Extortion Task Force, the investigation dismantled a coordinated campaign of intimidation, threats, and escalating violence used to extort local businesses. The organized criminal network is allegedly responsible for a series of targeted attacks against the Region of Peel’s South Asian community. They are believed to have been active in Brampton, Mississauga, Caledon, and British Columbia, with links to California.
Croatia: Three individuals and a company indicted for subsidy fraud involving funds for earthquake repairs
European Public Prosecutor's Office
(Luxembourg, 26 May 2026) – The European Public Prosecutor’s Office (EPPO) in Zagreb (Croatia) has filed an indictment against three individuals and a company for subsidy fraud and document forgery to obtain approximately €2.5 million financed by the European Union Solidarity Fund (EUSF) for post-earthquake reconstruction. As previously reported, between January 2022 and October 2023, one of the defendants applied on behalf of the indicted company, owned by him, to a public call by the Croatian Ministry of Economy and Sustainable Development. The purpose of the call was to restore the energy infrastructure, power plants, energy systems and related buildings damaged by the earthquakes that struck Croatia’s Sisak-Moslavina County on 28 and 29 December 2020.
Update to UK Sanctions List: Russia Regime
UK Government
Today, Tuesday 26 May, the UK Government has designated the following 4 individuals and 14 entities and under the Russia (Sanctions) (EU Exit) Regulations 2019. Entities designated:
Name: Unique ID: EXMO EXCHANGE LIMITED RUS3602 NUEVA CRYPTOLOGIA, SOCIEDAD POR ACCIONES SIMPLIFICADA DE CAPITAL VARIABLE (S.A.S. DE C.V.) RUS3603 ARVIX LIMITED LIABILITY COMPANY RUS3604 RAPIRA GROUP LLC RUS3605 ALISTERA LIMITED RUS3606 OPEN JOINT STOCK COMPANY "EURASIAN SAVINGS BANK" RUS3608 BITPAPA IC FZC LLC RUS3609 SOOTY LIMITED RUS3610 AIFORY LIMITED LIABILITY COMPANY RUS3611 OPEN JOINT-STOCK COMPANY "STATE BROKERAGE COMPANY" RUS3615 LIMITED LIABILITY COMPANY "DIAMOND ESTATE" RUS3616 TRACE ROAD LIMITED LIABILITY COMPANY RUS3617 OPEN JOINT-STOCK COMPANY "VIRTUAL ASSETS ISSUER" RUS3618 HUOBI GLOBAL S.A. RUS3619