The Latest FinCrime News from Europe
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Apple Distribution International Limited Fined £390,000 for Russia Sanctions
Apple Distribution International Limited was issued a £390,000 penalty by the UK for breaches of Russia Sanctions Regulations involving illegal pay...
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Merricks Solicitors Limited Fined by the SRA for anti-money laundering failures
Merricks Solicitors Limited has been fined £12,041 by the SRA for failing to maintain a robust AML compliance framework, specifically regarding the...
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U.K. Freezes 108 Million Dollars in Real Estate Assets Linked to Su Jiangbo
The Crown Prosecution Service has frozen 85 London properties worth 108 million dollars in the Su Jiangbo AML investigation, targeting a fugitive u...
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Authorities in Italy Seize 20 Million Euros in Major Swiss Money Laundering Case
Authorities in Florence, Italy, seized 20 million euros in assets linked to a major international money laundering scheme involving the systematic ...
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AMLA Establishes New Standards for Customer Due Diligence and Monitoring
AMLA, the European Anti-Money Laundering Authority held its first hearing on draft standards for Customer Due Diligence to unify financial crime de...
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SRA Fines Law Firm Ranson Houghton LLP Over Anti-Money Laundering Failures
Ranson Houghton LLP faces regulatory action following an SRA investigation into Legal Sector Anti-Money Laundering Compliance failures lasting near...
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EU Officials Target Irish Alumina Sanctions Loophole Amid Russian Arms Link
Belgium leads the EU push to close the alumina sanctions loophole after an Irish refinery was linked to a 400 million dollar trade flow supporting ...
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Rapper Gims Faces Major Organized Money Laundering Investigation After Paris Arrest
French rapper and international star Gims is currently facing a major organized money laundering investigation in Paris regarding a global tax evas...
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Economic Infiltration of Organized Crime in France and the Judicial Response
The rise of Shadow Banking Networks has transformed the financial landscape in France. Authorities are now dismantling the financial infrastructure...
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FATF Publishes Updated 2025 Reports for Central European Nations
Following the news that FATF publishes reports on central european countries, this analysis explores how 12 nations are strengthening their anti mo...
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Danish FSA Hits Merex International Over High Risk Iran Transfers
The Danish Financial Supervisory Authority has issued mandatory orders to Merex International AS following an AML inspection that revealed high ris...
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UK Authorities Move to Dissolve Crypto Firm Over 1 Billion Dollar IRGC Link
UK authorities move to dissolve companies after a TRM Labs report exposed a 1 billion dollar stablecoin network used by the Iranian Revolutionary G...
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The Implication of Systemic Failures in UK’s Global Financial Oversight and Reform
Analysis of the systemic failure in financial conduct regulation and money laundering oversight reveals why radical structural reform is essential ...
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Austrian FMA Fines NOTARTREUHANDBANK AG for AML Failures
The Austrian FMA has fined NOTARTREUHANDBANK AG 127,500 EUR for violating the Financial Markets Anti-Money Laundering Act through inadequate transa...
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The 100 Million Pound Downfall of a Sanctioned Iranian Banker
A sanctioned Iranian banker faces a 100 million pound asset freeze after investigations linked his luxury Marbella villa and London holdings to the...
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AMLA Launches EU Data Exercise to Test Financial Crime Risk Models
AMLA launches a European data collection exercise to test financial crime risk models before direct supervision of major EU banks begins under the ...
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France Targets Illicit Wealth With Tough 10 Year Prison Sentences
New proposed legislation in France Sanctions Evasion with penalties linked to global turnover and 10 years in prison to align with EU anti-money la...
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Crans-Montana Bar Owners Under Federal Investigation for Money Laundering
Federal police investigate the owners of Le Constellation in Crans-Montana for suspected money laundering. Investigating the Crans-Montana Financia...
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Authorities in Italy Seize 93 Million Euros in Massive Tax Laundering Case
In Italy, the Guardia di Finanza dismantled a network involved in Financial Police Combat Complex Money Laundering Networks seizing 93 million euro...
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London Real Estate Market Faces Continuous Questions Over $17M Deal By Sanctioned Criminal
A sanctioned associate of the Prince Group bought 12 London houses for $17 million, raising alarms about London real estate money laundering and th...
Other News From Europe
Apple Distribution International Limited Fined £390,000 for Russia Sanctions
Apple Distribution International Limited was issued a £390,000 penalty by the UK for breaches of Russia Sanctions Regulations involving illegal payments. This case underscores the need for robust UK Financial Sanctions Compliance Enforcement.
Merricks Solicitors Limited Fined by the SRA for anti-money laundering failures
Merricks Solicitors Limited has been fined £12,041 by the SRA for failing to maintain a robust AML compliance framework, specifically regarding the documentation of client and matter risk assessments in high risk conveyancing files.
U.K. Freezes 108 Million Dollars in Real Estate Assets Linked to Su Jiangbo
The Crown Prosecution Service has frozen 85 London properties worth 108 million dollars in the Su Jiangbo AML investigation, targeting a fugitive using golden passports to launder funds.