Tag: UBO

Regulatory Watch News

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  Treasury Continues to Disrupt Hamas’ Sham Charity Network as the Group Refuses to Disarm

  OFAC

  March 12, 2026

  WASHINGTON—Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating four sham charities that directly fund Hamas’s Military Wing and its terrorist activities militants and enable the group to sustain its terrorist operations.  Hamas continues to rely on deceitful practices to hide its revenue-generating activities behind civilian organizations under the pretense of conducting humanitarian work, while in reality supporting the group’s continued efforts to fund their terrorist operations.

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  Fraudscape 2026: Fraud cases hit record highs as criminals adapt and scale

  Cifas

  March 12, 2026

   

  • More than 1,200 cases recorded every day to the National Fraud Database
  • Identity fraud and account takeover drive the majority of harm
  • AI and international crime networks accelerate fraud

  Cifas, the UK’s leading fraud prevention service, has revealed that more than 444,000 cases were recorded to the National Fraud Database (NFD) in 2025 – the highest number ever recorded in a single year, and a 6% increase on 2024.

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  Croatia: Two arrests in subsidy fraud investigation involving a nursery school

  European Public Prosecutor's Office

  March 12, 2026

  (Luxembourg, 12 March 2026) – The European Public Prosecutor’s Office (EPPO) in Zagreb (Croatia) has initiated an investigation against two individuals and one educational institution   suspected of subsidy fraud and document forgery. The two suspects were arrested yesterday at the EPPO’s request, following investigative measures conducted in cooperation with the Osijek-Baranja Police Department. At issue are subsidies in the amount of €211 300.12, supposed to improve service for children in a nursery school, with facilities in Đakovo and Vrpolje, co-financed by the European Social Fund (ESF) at the rate of 85% and the Croatian budget at 15%.