Tag: Beneficial Ownership

Regulatory Watch News

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  Never out of sight: ‘Allies’ exercise pursues targets across Europe

  Europol

  February 23, 2026

  From 9 to 12 February 2026, Europol hosted the exercise ‘Allies 2026’, designed to enhance cross-border cooperation and interoperability among European law enforcement authorities. Simulating intersecting scenarios unfolding across several European countries, this exercise tested the participants’ ability to effectively fight drug trafficking and hybrid threats.

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  South Australian authorities seize 28kg of cocaine hidden in luxury bus

  Australia Federal Police

  February 23, 2026

  The Australian Federal Police (AFP) has seized more than 28kg of cocaine concealed within a luxury bus in South Australia, after an intercept by Australian Border Force (ABF) officers on a vessel berthed at Outer Harbor. ABF officers examined a roll-on/roll-off vessel (known as a RORO) on Monday (16 February, 2026) based on intelligence-led targeting.

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  FATF Holds Plenary in Mexico, Advances Key Illicit Finance Initiatives

  US Department of the Treasury

  February 20, 2026

  MEXICO—Last week, the Financial Action Task Force (FATF), the global standard-setting body for anti-money laundering, countering the financing of terrorism, and countering proliferation financing (AML/CFT/CPF), concluded its fifth Plenary under the Mexican presidency.  The FATF agreed to publish two reports on digital assets, imposed additional countermeasures on Iran, and adopted Mutual Evaluation Reports for Austria, Italy, and Singapore. The FATF reiterated the terrorist and proliferation financing risks emanating from Iran, which remains on the FATF’s blacklist.  The FATF reminded all nations to implement reimposed United Nations Security Council Resolutions related to Iran’s ongoing lack of compliance with its nuclear agreements.  The FATF also called upon all jurisdictions to impose additional countermeasures to restrict correspondent banking, digital asset transactions, and business relationships with Iran given its severe illicit finance risks.