Tag: FCA

Regulatory Watch News

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  Cybercrime Squad detectives charge trio alleging using scam money to purchase gold bullion

  Australia Federal Police

  May 15, 2026

  NSW Police Cybercrime Squad detectives, with the assistance of the AFP-led Joint Policing Cybercrime Coordination Centre (JPC3), have charged three people and seized gold bullion following an investigation into an alleged $600,000 email scam under Strike Force Downstream. Strike Force Downstream is an ongoing investigation by State Crime Command’s Cybercrime Squad, investigating matters referred by the JPC3. In May 2026, JPC3 analysts and industry partners – as part of JPC3 Operation Dolos – obtained evidence of a 20-year-old woman allegedly purchasing $100,000 worth of gold bullion on five occasions within a two-week period.

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  FINTRAC imposes an administrative monetary penalty on 13010431 Canada Inc.

  FINTRAC

  May 14, 2026

  FINTRAC announced today that it has imposed an administrative monetary penalty on 13010431 Canada Inc., also operating as Necosmart. Following a compliance examination, this money services business in Edmonton, Alberta, was imposed an administrative monetary penalty of $693,742.50 on March 27, 2026, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.

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  Update to UK Sanctions List: Russia, Iran and Afghanistan Regime

  UK Government

  May 14, 2026

  Today, Thursday 14 May, the UK Government has revoked 1 specification, varied 1 designation, and made 3 amendments to designations imposed under the Russia Sanctions Regime. Revoked Specification:

  Name:	IMO Number:	Unique ID:
  MILLEROVO	IMO 9035541	RUS2605

  Varied Individual:

  Name:	Unique ID:
  Yulia GURYEVA-MOTLOKHOV	RUS2066

  Amended Individuals:

  Name:	Unique ID:
  Pavel Valerevich NIKITIN	RUS3515
  Dmitriy Evgenievich SHEVCHENKO	RUS3519
  Timofey Vladimirovich VASILIEV	RUS3573