The Latest FinCrime News from the EMEA region
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EFG Bank Facing Luxembourg AML Probe Over Money Laundering Failures
Luxembourg authorities raided EFG Bank to investigate Anti Money Laundering Compliance Failures and potential violations of the 2004 financial law.
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Italy Dismantles Romance Scam-Related Money Laundering Network
The Guardia di Finanza in Italy dismantled a network involved in Transnational Money Laundering Operations in Europe after identifying a 900,000€ r...
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Authorities Dismantle Cocaine Network Linked To The Camorra After Seizing 5 Million Euro Assets
European uthorities dismantle a massive Money Laundering Network linked to Camorra cocaine trafficking, seizing over 5 million euros in assets and ...
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Italian Guardia di Finanza Dismantles €5 Billion Chinese Money Laundering-as-a-Service Network
The Ancona Guardia di Finanza dismantled a 5 billion euro money laundering investigation involving 433 shell companies, leading to 1 billion euros ...
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Danmarks Skibskredit Faces Regulatory Orders for Maritime Anti-Money Laundering
The Danish FSA has issued orders to Danmarks Skibskredit A/S following an inspection into ship financing risk management and anti-money laundering.
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OFSI Details Systemic Failures in January’s Bank of Scotland 160k£ Penalty
The Bank of Scotland faced a 160,000 pound fine for Russia sanctions breaches. OFSI highlights how failures in Sanctions Screening allowed a design...
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Austrian FMA Bans KuCoin EU From New Business for Compliance Failures
The Austrian FMA has banned KuCoin EU Exchange GmbH from new business due to a lack of suitable officers for the prevention of money laundering.
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The Future of South African Financial Security Through Digital Identity
South Africa announces a mandatory 2026 rollout for the South Africa Digital ID system to transform financial security and government service deliv...
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Swedbank Faces New Investigation Into Anti-Money Laundering Compliance
Finansinspektionen investigates Swedbank regarding its customer due diligence and anti-money laundering compliance measures from 2023 to 2025 to pr...
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French Authorities Indict 5 in Hamas Laundering Case and Seize 40 Million Euros
French authorities seized 40 million euros and indicted five people for laundering funds to support Hamas through local charitable associations, hi...
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ECB Slaps JP Morgan SE with 12 Million Euro Fine for Risk Lapses
The European Central Bank fined J.P. Morgan SE 12.18 million Euros for failing to meet Regulatory Compliance standards regarding risk weighted asse...
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Bank of Ireland UK Fined £3.8M For Missing Confirmation of Payee Deadline
Bank of Ireland UK faces a 3.7 million GBP fine from the PSR for failing to implement Confirmation of Payee on time, exposing 6.9 billion GBP in pa...
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MONEYVAL Ignoring Whistleblower Shadows Latvia AML Praise
MONEYVAL ignoring a whistleblower raises sharp procedural concerns in Latvia, with John Christmas asserting that repeated attempts to present evide...
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Danish Regulator Updates 4 Key Areas To Boost Local Banks
The Danish Financial Supervisory Authority initiates streamlined financial regulation to help smaller banks reduce administrative burdens and focus...
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Swedish Regulator Fines SBB 80 Million SEK for Reporting Violations
Swedish regulator Finansinspektionen fines SBB 80 million SEK for Corporate Transparency failures and inflated 2021 profits totaling 3.6 billion SEK.
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Louis Vuitton Fined 500,000 Euros for Dutch AML Compliance Failures
Louis Vuitton has been fined 500,000 euros by Dutch prosecutors for failing to prevent a 2 million euro money laundering scheme. The case involved ...
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Danish FSA Identifies Major Risk Failures at Safenetpay ApS
The Danish Financial Supervisory Authority has exposed major anti money laundering protocols failures at Safenetpay ApS, citing high risks, poor go...
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Isle of Man Fines Shelgeyr Limited £200k for AML Failures
Shelgeyr Limited faces a £200k penalty from the Isle of Man regulator due to systemic Gambling Compliance failures and inadequate due diligence pro...
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US Treasury Sanctions Million Dollar Hezbollah Gold Shipping Laundering Ring
The U.S. Treasury has blocked millions in assets to disrupt Hezbollah Financial Strategy, targeting gold exchange firms and shipping networks that ...
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Austrian National Boarding Flight to Dubai Seized With $1.45M in Cash at Lagos Airport
An Austrian national faces money laundering charges in Lagos after failing to follow a currency declaration for 1.45 million dollars in cash found ...
Other News From EMEA
EFG Bank Facing Luxembourg AML Probe Over Money Laundering Failures
Luxembourg authorities raided EFG Bank to investigate Anti Money Laundering Compliance Failures and potential violations of the 2004 financial law.
Italy Dismantles Romance Scam-Related Money Laundering Network
The Guardia di Finanza in Italy dismantled a network involved in Transnational Money Laundering Operations in Europe after identifying a 900,000€ romance and investment scams.
Authorities Dismantle Cocaine Network Linked To The Camorra After Seizing 5 Million Euro Assets
European uthorities dismantle a massive Money Laundering Network linked to Camorra cocaine trafficking, seizing over 5 million euros in assets and luxury real estate.