The EU’s anti-fraud office, OLAF, has completed its investigation into serious irregularities in a €114M project managed by Poland’s RARS, recommending the recovery of €91M. The probe revealed overpricing, lack of competition, and undue advantages in the procurement of power generators for Ukraine, with some contractors inflating costs by up to 40%. Cooperation with the Polish authorities led to multiple arrests, safeguarding an additional €22M from misuse…
Recent Posts
- AMLA invites stakeholders to sectoral roundtables on applying simplified customer due diligence (CDD) in lower-risk situations
- FCA review highlights evolving mule activity and cash-out patterns, with 238,396 suspected mule accounts closed in 2025
- FATF-APG 2026 Mutual Evaluation of Canada recognises significant AML progress but flags gaps in complex ML prosecutions
- White House launches “Super Intelligence” era, directing federal agencies to replace AI terminology with “SI” and develop a new federal definition
- FinCEN withdraws proposed rules that would have imposed certain regulatory requirements on FIs related to certain digital assets
Archives
- October 2026
- September 2026
- June 2025
- May 2025
- March 2025
- January 2025
- December 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- January 2021
- December 2020
- November 2020
- September 2020
- August 2020
- July 2020
- June 2020
Recent Comments