Tag: Paxful

Regulatory Watch News

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  Bulgaria: Vineyard owner indicted for attempted €348 000 EU subsidy fraud

  European Public Prosecutor's Office

  August 13, 2026

  (Luxembourg, 13 August 2026) – The European Public Prosecutor’s Office (EPPO) in Sofia (Bulgaria) has filed an indictment against a vineyard owner suspected of attempting to obtain €348 231.64 in EU funding on the basis of false information. The investigation concerns an application for financial support submitted in November 2023 under the “Restructuring and Conversion of Vineyards” intervention, financed by the European Agricultural Guarantee Fund (EAGF).  

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  The AFP supporting RSIPF to combat organised crime in Solomon Islands

  Australia Federal Police

  August 13, 2026

  Commissioner Barrett’s four-day visit to the Solomon Islands will include officially handing over a Tactical Training Centre to the RSIPF and providing two maritime vessels to target and disrupt criminal groups attempting to traffic illicit substances through, and to, the Pacific. The Tactical Training Centre provides operational capability, training and professional development for the RSIPF. The facility will strengthen the RSIPF’s ability to respond transnational crime. It is a central hub for operational safety and specialist training and demonstrates the Australian Government’s long-term commitment to supporting the Solomon Islands’ policing priorities through practical capability development and infrastructure investment.

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  Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Rice Lake Weighing Systems, Inc

  OFAC

  August 12, 2026

  The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $60,764 settlement with Rice Lake Weighing Systems, Inc. ("Rice Lake"), a Wisconsin-based manufacturer of weighing equipment. Rice Lake agreed to settle its and its Italian subsidiary's potential civil liability for eight apparent violations of OFAC sanctions on Iran that occurred when its Italian subsidiary, Dini Argeo S.r.l. ("Dini"), exported goods to Iran through a distributor in the United Arab Emirates (UAE) with the knowledge that these goods were ultimately destined for Iran. Specifically, between July 2019 and November 2021, Dini exported weighing equipment to a distributor located in the UAE with the knowledge that those goods would be reexported to an end-user in Iran. OFAC determined that these apparent violations were voluntarily self-disclosed and non-egregious.