Tag: Financial crime

Regulatory Watch News

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  FCA Board appoints 2 new members to the Regulatory Decisions Committee

  Financial Conduct Authority

  April 27, 2026

  The Board of the FCA has appointed Jonathan Peddie and Raymond Cox KC as new members of the FCA’s Regulatory Decisions Committee (RDC). The RDC is responsible for taking certain regulatory decisions on behalf of the FCA relating to contested enforcement action. Committee members bring a broad range of professional experience to support fair, independent and evidence-based decision-making.

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  Italy’s measures to counter money laundering, terrorist financing and proliferation financing

  FATF

  April 27, 2026

  The FATF mutual evaluation of Italy assessed the effectiveness of the country’s anti-money laundering, countering terrorist financing and proliferation financing (AML/CFT/CPF) measures, and their level of compliance with the FATF Recommendations, at the time of an on-site visit between June and July 2025. The assessment found that Italy has a whole-of-government approach to combating illicit finance, with sophisticated coordination to ensure that operational agencies share information and resources and are able to conduct investigations jointly, particularly for complex money laundering cases involving serious organised crime. However, Italy should address limitations to access to information about who owns assets (Beneficial Ownership).

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  Romania: EPPO conducts searches in investigation into suspected corruption and procurement fraud involving medical equipment

  European Public Prosecutor's Office

  April 27, 2026

  (Luxembourg, 27 April 2026) – The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca (Romania) is leading an investigation into suspected corruption and procurement fraud related to the acquisition of medical equipment, with searches carried out in Bucharest, Brașov and Mureș last week. The investigation concerns a public procurement procedure for medical equipment worth approximately €1.5 million, conducted during the Covid-19 pandemic in 2021. Based on the evidence, the tender specifications were allegedly tailored to favour a specific company, which ultimately won the contract.