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Regulatory Watch News

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  Four questions about DNB’s new payment fraud figures

  DeNederlandscheBank

  July 1, 2026

  1. What is a fraudulent transaction?

  2. How do banks and payment institutions deal with fraudulent transactions?

  3. Why is DNB now publishing these figures?

  4. Which figures are included, and which are not?

   

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  Italy: EPPO seizes over €23.5 million in investigation into VAT fraud in the fuel sector

  European Public Prosecutor's Office

  July 1, 2026

  (Luxembourg, 1 July 2026) – On behalf of the European Public Prosecutor’s Office (EPPO) in Milan (Italy), the Italian Financial Police (Guardia di Finanza) and the Italian Customs and Monopolies Agency (Agenzia delle Dogane e dei Monopoli) seized assets worth over €23.5 million, in an investigation into a VAT fraud scheme involving imported fuel to the Italian market. At the request of the EPPO, the Judge for Preliminary Investigations at the Court of Milan issued an order to seize assets worth up to €60 million to secure compensation for the alleged damage. On Tuesday, properties in Lombardy, Liguria and Valle d’Aosta worth approximately €13.5 million were seized, as well as bank accounts containing around €10 million, and several vehicles. Efforts to identify and seize additional assets are ongoing.

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  New reporting regime now in force

  Austrac

  July 1, 2026

  Today marks a major milestone in Australia’s landmark reforms to strengthen the nation's anti-money laundering and counter-terrorism financing laws.

  More businesses are now regulated

  Thousands more businesses are now regulated under Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws. This includes newly regulated sectors such as real estate, conveyancing, legal services, accounting and precious stones and metals. These businesses must meet obligations under the new laws, including:

  • implementing AML/CTF programs

  • conducting customer due diligence

  • reporting suspicious matters and

  • keeping relevant records.

  Newly regulated businesses must enrol with us by 29 July 2026.