Tag: Retail
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Regulatory Watch News
Press Release: AMLA and OLAF strengthen cooperation in the fight against financial crime
AMLA
AMLA and the European Anti-Fraud Office (OLAF) have today signed a Working Arrangement to strengthen cooperation and information exchange between the two bodies, supporting their work against money laundering, terrorist financing, fraud and corruption. The Working Arrangement sets out a framework for cooperation and the exchange of operational and strategic information, including criminal patterns, emerging trends, risk indicators and crime prevention methods. These exchanges will help the two bodies identify links between their work and draw on each other’s expertise.
Lithuania: 12 charged in investigation into suspected €1.3 million fraud involving EU-funded projects
European Public Prosecutor's Office
(Luxembourg, 23 October 2026) – The European Public Prosecutor’s Office (EPPO) in Vilnius (Lithuania) has charged twelve individuals in an investigation into suspected fraud and document forgery involving two EU-funded projects. The alleged offences are estimated to have caused more than €1.3 million in damage, and the suspects are also accused of attempting to obtain a further €500 000 in funding, which was not paid. The investigation is being carried out by Lithuania’s Financial Crime Investigation Service (Finansinių nusikaltimų tyrimo tarnyba - FNTT). This week, 100 FNTT officers conducted 25 searches across the counties of Klaipėda, Kaunas, Marijampolė, and Vilnius. 64 witnesses have also been interviewed.
Cybercrime crackdown in Africa nets 1,462 arrests, recovers over USD 105 million
Interpol
Operation Serengeti III dismantles thousands of malicious cyber networksLYON, France – One of Africa’s largest cybercrime enforcement operations saw law enforcement agencies from 21 countries arrest 1,462 suspects, disrupt 10,909 malicious networks and recover more than USD 105 million in illicit funds. Under INTERPOL's coordination, investigators from participating countries joined forces in Operation Serengeti III between 29 June and 31 August 2026 to combat cyber-enabled fraud, ransomware, business email compromise (BEC), online scams and digital extortion. Authorities identified 65,929 victims targeted by cybercriminal networks, underscoring the scale and sophistication of today's digital threats. Financial investigations linked criminal activity to losses exceeding USD 385 million.
