Tag: Criminals

Regulatory Watch News

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  Reissue: Update to UK Sanctions List: Russia Regime

  UK Government

  October 2, 2026

  Today, Friday 2 October, the UK Government has revoked and remade the specifications of 2 vessels under the Russia sanctions regime. This corrects an error in the Statement of Reasons relating to these vessels. The sanctions imposed, shipping and trade sanctions, remain in force for both vessels. Revoked and Respecified Vessels:

  Name:	Previous Unique ID:	New Unique ID:
  IMO 7808401 (BEBEK-E)	RUS3739	RUS3752
  IMO 9344411 (GALLE ENERGY)	RUS3747	RUS3751

   

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  Press Release: AMLA finalises key standards for the private sector

  AMLA

  October 2, 2026

  AMLA has finalised three sets of regulatory technical standards (RTS) defining key measures companies and professionals must apply to reduce money laundering and terrorist financing risks. Shaped by broad stakeholder input, the standards give the private sector a common framework for meeting these requirements, and mark a milestone towards a clear and consistent AML/CFT rulebook for the EU.

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  AFP finalises foreign bribery investigation into company following $9 million settlement

  Australia Federal Police

  October 2, 2026

  The AFP has finalised a foreign bribery investigation into SMEC International Pty Ltd (SMEC), after SMEC and the AFP agreed to a settlement payment totalling $9 million (pecuniary penalty) under the provisions of the Proceeds of Crime Act 2002 (Cth) (POCA). The settlement does not involve any admission of liability by SMEC. The AFP investigation, which is part of Operation Amorce, examined conduct involving SMEC across several jurisdictions, including Sri Lanka and Vietnam.