Tag: #AMLEU
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Regulatory Watch News
Seven members of major Islamic State financing network convicted
Europol
Europol supported the Belgian authorities in the successful conclusion of a complex counter-terrorism investigation, targeting an international network primarily composed of individuals of Chechen origin residing in Europe. The network was found to be deeply radicalised and actively engaged in supporting and financing the activities of the so-called Islamic State terrorist organisation. During the operation, Belgian counter-terrorism units uncovered and dismantled a sophisticated infrastructure involving terrorism financing, cryptocurrency-based money laundering, and facilitation networks. The targeted network was involved in financing the release of Foreign Terrorist Fighters (FTFs) detained in conflict zones such as Syria, as well as providing financial support to members of the so-called Islamic State in Syria and Central Asia.
Five arrested and more than £30m of cocaine recovered in at-sea smuggling bid
National Crime Agency
Five men are in custody and more than £30m of cocaine has been recovered following a National Crime Agency investigation. NCA officers struck shortly after 1300 yesterday (Monday) arresting the suspects at Eastbourne Marina and seizing 425kg of the Class A drug which has a street value of £34m. It is alleged four of the men had returned to shore on the fishing vessel New Horizon after collecting the drugs which had been dropped in the English Channel by another vessel.
Italy: EPPO investigates €1 million fraud involving RRF funds for e-commerce projects
European Public Prosecutor's Office
(Luxembourg, 10 June 2026) – The European Public Prosecutor’s Office (EPPO) in Bologna (Italy) is leading an investigation into a suspected €1 million fraud involving funding from the EU’s Recovery and Resilience Facility (RRF), intended to support the digitalisation and internationalisation of Italian businesses through e-commerce platforms. The investigation, carried out by the Italian Financial Police (Guardia di Finanza) of Macerata, concerns an alleged fraud scheme designed to obtain funding under Italy’s National Recovery and Resilience Plan (PNRR), financed by the RRF.
