Tag: Illicit Finance Summit

Regulatory Watch News

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  Scam alert related to banks

  HKMA

  September 22, 2026

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to the press releases issued by the banks listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which have been reported to the HKMA.  Hyperlinks to the press releases are available on the HKMA website.  

  Bank	Type of Scam
  The Bank of East Asia, Limited	Fraudulent websites and internet banking login screens
  Shanghai Commercial Bank Limited	Fraudulent websites and internet banking login screens
  Chong Hing Bank Limited	Fraudulent websites and internet banking login screens
  Chiyu Banking Corporation Limited	Fraudulent websites and internet banking login screens
  OCBC Bank (Hong Kong) Limited	Fraudulent websites and internet banking login screens

   

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  More than 1200 charged in Trans-Tasman illicit drug trafficking and organised crime operation

  Australia Federal Police

  September 22, 2026

  Police and law enforcement agencies across Australia and New Zealand have charged 1203 people with 3339 offences and seized significant quantities of illicit drugs, firearms and cash during a national week of action targeting drug trafficking and organised crime. The operation, conducted from 14-18 September, 2026, was coordinated by the Australia and New Zealand Illicit Drug Working Group (ANZIDWG). The week of action involved every Australian state and territory police agency, New Zealand police and customs, AFP, ABF, ACIC, AUSTRAC and Home Affairs.

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  Commission evaluation confirms OLAF Regulation remains broadly fit for purpose, with some room for improvement

  European Public Prosecutor's Office

  September 21, 2026

    The European Commission has today adopted its evaluation of the OLAF Regulation, concluding that the legal framework governing OLAF remains broadly fit for purpose and enables OLAF to effectively protect the EU’s financial interests. For citizens, this means that the rules underpinning OLAF’s work continue to provide a solid basis for detecting and investigating fraud, corruption and other irregularities affecting EU money. The evaluation also identifies areas where the framework could be improved, including information exchange, cooperation with the European Public Prosecutor’s Office (EPPO), access to financial information and the follow up to OLAF’s financial recommendations.