The Latest FinCrime News from the EMEA region
France Takes Strong Action Against Money Laundering: 5 Key Banking Changes You Must Know
France is introducing banking measures to fight money laundering, including stricter checks on large transfers, cash withdrawals, and Livret A acco...
Bankera Co-Founders Use ICO Funds for Luxury Properties While Investors Suffer
Bankera's ICO raised millions, but its co-founders allegedly used investor funds for luxury properties, raising questions about fraud and money lau...
The Stunning Money Laundering Bust at Roissy Airport: How 3 Million Euros Were Smuggled
A money laundering operation spanning France, Turkey, and Algeria was exposed at Roissy-Charles-de-Gaulle Airport, involving nearly 3 million euros...
Kuwait Strengthening Its Legal Frameworks to Combat Financial Crimes
The Kuwait Anti-Corruption Authority (Nazaha) emphasizes the need for stronger laws and frameworks to combat money laundering and terrorist financi...
EU Sanctions Evasion Exposed: How Criminal Networks Bypass Restrictions and OLAF’s Role in Combatting It
A major OLAF operation uncovers €1.5 million in sanctioned goods bypassing EU trade restrictions, showcasing sanctions evasion tactics and enforcem...
Small Law Firm Faces Heavy AML Penalties for Regulatory Failures
A small law firm faces a £36,622 penalty for significant AML compliance failures. This case highlights the importance of adhering to regulatory sta...
Iran and US Sanctions: Treasury Targets Key LPG Magnate
Treasury designates Iranian LPG magnate Seyed Asadoollah Emamjomeh and his network, tightening sanctions on Iranian oil trade and cutting off cruci...
How UK Drug Dealers Launched Their Own Cryptocurrency to Launder Money
A UK street gang has created a cryptocurrency to launder money, taking cryptocurrency crime to new heights with its innovative 'meme coin' strategy.
UAE Strengthens Financial Security with Dubai Anti-Money Laundering MoUs
UAE’s Ministry of Economy signed MoUs with Dubai authorities to enhance anti-money laundering measures, focusing on real estate and financial crimes.
Father and Son Arrested for Money Laundering 6 Million Euros in Barcelona
A father and son arrested in Barcelona face serious money laundering charges linked to drug trafficking. Their scheme involved laundering millions ...
How Authorities in Romania Cracked a Major Money Mule Network
Sophisticated money mule network behind major online fraud dismantled by Romanian-led operation, with over €3 million in damages linked to financia...
Europol’s Takedown Unveils Europe’s Criminal Web Using Encrypted App Data
Encrypted app intelligence played a key role in dismantling organised crime networks in Europe, highlighting Europol's evolving digital investigati...
How Iran’s Oil Smuggling Network Exploits Maritime Loopholes
Iranian oil smuggling tactics evolve as the U.S. targets a shadow fleet and maritime evasion schemes linked to military and state actors.
Massive $12.45M Fine Hits Hayvn Group After Abu Dhabi Regulatory Crackdown
Regulators penalize Hayvn Group with $12.45M in fines after severe misconduct, highlighting ADGM’s tightening grip on virtual asset compliance.
Rabobank Faces Court Over Alleged Anti-Money Laundering Failures: What You Need to Know
Rabobank is facing court over alleged anti-money laundering lapses after failing to settle with prosecutors, highlighting broader challenges in fin...
How OLAF and EPPO Uncovered a EUR 9.5 Million Fraud and Money Laundering Scheme
A major fraud and money laundering scheme involving EUR 9.5 million in EU funds was uncovered by OLAF and EPPO, highlighting the importance of cros...
UKGC Highlights AI and Crash Games Risks in Updated AML Guidance
The UKGC's updated AML guidance highlights AI and crash games as emerging risks in the gambling sector, urging operators to adjust their due dilige...
UK Criminal Gang Jailed for £6.6m Money Laundering Scheme Exploiting Ukraine Conflict
A criminal gang has been jailed for laundering £6.6 million using cryptocurrency, exploiting the wartime vehicle demand in Ukraine.
Major AML Gaps at Swiss Bank Reyl Led FINMA to Do a Deep Dive Investigation
Reyl Intesa Sanpaolo’s investigation by Swiss authorities exposes serious gaps in its anti-money laundering measures, focusing on high-risk clients...
South Africa’s Crypto Risk: High Threat of Money-Laundering and Terrorist Financing
The report from the Financial Intelligence Centre highlights South Africa’s crypto assets sector's high risks for money-laundering and terrorist fi...
