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The Enforcement Directorate on Sunday carried out searches at properties linked to Kolkata Police Deputy Commissioner Shantanu Sinha Biswas and local businessman Joy Kamdar as part of an ongoing money laundering investigation involving an alleged criminal network operating in poll-bound West Bengal, according to officials. The action marks a significant development in the federal agency’s probe into the activities of an alleged organised syndicate accused of generating illici

On April 17th, Deutsche Bank has notified its supervisory authorities of a possible breach of sanctions rules restricting deposits held by Russian individuals to less than 100,000 euros ($117,940), according to a person with knowledge of the matter. The potential compliance issue was disclosed to supervisors after concerns emerged that some deposits may have exceeded the threshold established under sanctions measures targeting Russian individuals. The possible breach came to

Regulators have uncovered a major compliance breakdown within Australia’s wealth management sector after finding that ninety-eight percent of businesses failed to submit any suspicious matter reports during the previous calendar year, a gap that authorities believe may be allowing serious financial crimes, including money laundering and tax evasion, to go undetected across the national financial system. The findings have raised alarm within the Australian Transaction Reports

The Judiciary Police (PJ) arrested 25 individuals from Hong Kong and mainland China on Thursday in connection with alleged money laundering, fraud, and document forgery activities, PJ spokesman Leng Kam Lon confirmed during a special press briefing on Friday. The arrests form part of a broader cross-border investigation targeting an organised criminal group operating between Macau and mainland China, with parallel enforcement actions also carried out by mainland authorities.

A major judicial decision in France has brought to a close a historic case involving the multinational cement group Lafarge, culminating in a six-year prison sentence for former chief executive Bruno Lafont and a corporate fine of 1.125 million euros. The ruling centers on actions taken between 2013 and 2014, during which the company transferred millions of euros to armed factions in order to sustain its industrial operations amid the Syrian civil war. Judges determined that

The European Public Prosecutor’s Office (EPPO) in Venice, Italy, has obtained convictions against three individuals—two administrators and one employee of a consortium company—in connection with the misappropriation of European Union funds allocated for the development of Italy’s liquefied natural gas (LNG) network. The case centers on activities that took place between 2016 and 2021, during which the now-defunct consortium received €6,351,088.56 in EU funding. These funds we

French financial watchdogs have issued a formal warning about the growing misuse of virtual international bank account numbers, highlighting their increasing role in enabling complex criminal operations. On April 13, 2026, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), together with Tracfin, published an in-depth report examining these digital payment mechanisms. While acknowledging that many of these tools are designed for legitimate accounting and treasury fun

Mumbai: The Enforcement Directorate (ED) has taken into custody Amitabh Jhunjhunwala and Amit Bapna, both former senior officials of the Anil Dhirubhai Ambani Group (ADAG), in connection with an alleged money laundering investigation involving the diversion of funds from Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL), according to individuals familiar with the matter. The Reliance ADAG group clarified that Jhunjhunwala is no longer associated with

MCAP LLC has been formally censured by the Financial Industry Regulatory Authority following the discovery of substantial shortcomings in its anti-money laundering compliance framework. The enforcement action stems from the firm’s failure to meet essential regulatory obligations, particularly those requiring routine evaluation of systems intended to detect and prevent financial crime. According to the findings, these deficiencies underscore the broader obligation placed on me

Scott-Moncrieff and Associates has lost its appeal against a £68,000 penalty imposed by the Solicitors Regulation Authority after a tribunal confirmed serious shortcomings in the firm’s financial crime controls. The Solicitors Disciplinary Tribunal ruled that the regulator’s original decision was sound, finding that the firm permitted millions of dollars to flow through its client accounts without adequate proof of legitimate legal services underpinning those transactions. Th

A new report from Amnesty International claims that the Cambodian government recently licensed “a dozen casinos” allegedly tied to online scam operations, raising serious questions about Phnom Penh’s commitment to combating cybercrime. Despite recent, highly publicized statements by Cambodian authorities asserting that they are cracking down on criminal online scam compounds, the human rights organization contends otherwise. Amnesty International asserts that “a dozen casinos

On April 8th, Indonesia has deported a British national arrested last month on the resort island of Bali for alleged transnational drug trafficking and money laundering in Spain, immigration authorities confirmed Wednesday. The 45-year-old, identified only by his initials “SL,” was apprehended at Ngurah Rai International Airport last month upon arrival from Singapore, after immigration officers noticed he was on Interpol’s wanted list. He was flown to Jakarta on Tuesday befor

New findings from Global Financial Integrity reveal that illicit financial flows driven by trade misinvoicing across Developing Asia, Africa, and the Middle East and North Africa have climbed to unprecedented levels, posing a serious threat to economic stability and domestic resource generation. These flows—funds that are illegally earned, transferred, or used across borders—continue to expose weaknesses in regulatory systems and customs enforcement, which are increasingly un

A recent report from TRM Labs outlines how Indonesian law enforcement successfully prosecuted three individuals accused of orchestrating the systematic transfer of digital assets to support international militant organizations between 2024 and 2025. These cases, widely regarded as a milestone in regional enforcement, stemmed from detailed financial investigations that uncovered the movement of roughly 49,000 USDT to extremist groups operating in Syria. The outcomes signal a n

A senior figure within Communist Party of the Russian Federation has urged the Kremlin to abandon controversial plans to legalize online casinos, instead advocating for a sweeping crackdown on digital gambling platforms. Georgy Kamnev, a State Duma deputy and member of the party’s Central Committee, has called for what he described as a “complete ban on online casinos in Russia,” according to reports from the Russian outlet News.ru . Kamnev argued that authorities should

The public prosecution department is preparing to initiate legal proceedings against Rabobank over its alleged failure to adhere to regulations concerning money laundering and the financing of terrorism. According to a brief statement released on Wednesday, the bank did not adequately examine “unusual transactions” conducted by its clients over an extended period. The investigation, which is approaching its final stages, focuses on activities spanning from October 2016 throug

Swiss financial services firm Leonteq has announced a notable revision to the agenda of its upcoming Annual General Meeting, withdrawing the item related to granting discharge to its board of directors and executive management. The move comes after a period of sustained media attention and scrutiny, with reports from Cash.ch confirming that the board decided to postpone the formal release of management from liability. At the same time, investigative reporting by Inside Parade

A €450,000 penalty handed down by the AMF against Kerdiz Finance et Conseil and its senior managers has brought to light significant shortcomings in anti-money laundering controls, alongside broader regulatory breaches. The ruling targets an investment advisory firm that failed to comply with multiple obligations under French law, with authorities identifying serious weaknesses in due diligence, transaction monitoring, governance structures, and client protection measures. Th

Australian authorities have formally broadened the scope of the country’s anti-money laundering framework, bringing thousands of additional businesses under regulatory oversight. The Australian Transaction Reports and Analysis Centre has initiated the enrolment process for a range of professional sectors that had previously operated outside mandatory reporting requirements. This development represents the most substantial reform to Australia’s financial crime legislation in m

The introduction of the Markets in Crypto-Assets Regulation (MiCA) is transforming Europe’s digital asset landscape while simultaneously bringing new regulatory complexities to the surface, according to George Theocharides, chairman of the Cyprus Securities and Exchange Commission. Writing in an article originally published in Eurofi magazine, Theocharides characterised MiCA as a fundamental turning point for the European crypto-asset market. He explained that an industry w