Tag: San Marino

Regulatory Watch News

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  FINTRAC imposes an administrative monetary penalty on Atlantic Lottery Corporation Inc.

  FINTRAC

  July 9, 2026

  FINTRAC announced today that it has imposed an administrative monetary penalty on Atlantic Lottery Corporation Inc., also operating as Atlantic Lottery. Following a compliance examination, this reporting entity in the casino sector, headquartered in Moncton, New Brunswick, was imposed an administrative monetary penalty of $212,025 on May 29, 2026, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) and associated Regulations.  

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  26 arrested in Panama after international investigation into cocaine trafficking network targeting Australia and Europe

  Australia Federal Police

  July 9, 2026

  Twenty-six port workers have been arrested in Panama following a two-year international investigation into an organised crime network allegedly responsible for trafficking more than one tonne of cocaine intercepted in Australia and across Europe. Police will allege the network used the Port of Balboa as a key transit hub, relying on corrupt port workers and contractors to contaminate refrigerated shipping containers with illicit drugs before they were exported to Australia and Europe.

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  GRECO contributes to the development of the future EU Anti-Corruption Strategy

  GRECO

  July 9, 2026

  GRECO has submitted its contribution to the European Commission to support the development of the future EU Anti-Corruption Strategy. Building on more than 25 years of monitoring anti-corruption reforms across its 48 member States, including all 27 EU Member States, GRECO identifies key priorities for the future Strategy, including a stronger preventive approach, effective implementation, risk-based policies and greater coherence with international standards and existing monitoring mechanisms. Drawing on its unique experience of monitoring and peer evaluation across its international membership, GRECO’s contribution highlights good practices and lessons learned to support the European Commission in developing a comprehensive and effective EU Anti-Corruption Strategy.