Tag: Crime cash

Regulatory Watch News

• 

  Romania: EPPO indicts six defendants in €7 million fraud involving EU-funded tugboats

  October 26, 2026

  (Luxembourg, 26 October 2026) – The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca (Romania) has filed an indictment with the Iași Court against four public officials from the Lower Danube River Administration (AFDJ Galați), an individual and a company, in connection with the fraudulent purchase of two tugboats for the Lower Danube. The project received approximately €7 million in EU funding under the 2014–2020 Large Infrastructure Operational Programme.

• 

  FINTRAC results by the numbers 2025–26

  FINTRAC

  October 23, 2026

  Record financial intelligence production in 2025-26, providing strong support for investigations targeting money laundering, terrorist financing, sanctions evasion and threats to Canada's security, as well as other offences such as extortion, fraud, illegal fentanyl and human trafficking. Recent FATF evaluation found that FINTRAC's financial intelligence was substantially effective in supporting investigations – law enforcement used the Centre's financial intelligence in 94% of their money laundering and criminal possession investigations

• 

  FCA restricts 6 firms following concerns over anti-money laundering controls

  Financial Conduct Authority

  October 23, 2026

  Restrictions have been placed on 6 unregulated lenders, known as Annex 1 firms, after the FCA raised concerns about their anti-money laundering policies, controls and procedures while assessing their applications.

  The restrictions were imposed by the FCA on each firm’s request and limit their ability to take on new customers or do new business with existing customers, including extending existing credit. This action forms part of the FCA’s enhanced oversight of Annex 1 firms. These firms operate in sectors that can present a heightened risk of money laundering and other financial crime and are required to register with the FCA for supervision under the Money Laundering Regulations. They are not authorised or subject to wider FCA regulation.