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EPPO launches Investigation ‘Precision’ into suspected EU subsidy fraud in Lithuania, probing claims that a company developing high‑accuracy GNSS receivers may have misrepresented its eligibility to secure EU funding

December 22, 2025

EPPO’s Vilnius office has launched a pre-trial investigation, code-named Precision, into potential fraud in an EU-funded project to supply High Accuracy Service (HAS) GNSS receivers for precision agriculture after evidence emerged that the company may have misrepresented its ownership and ties to individuals or entities connected with Russian and Belarusian military sectors subject to EU restrictive measures. Three individuals and one company have been informed of suspect status, with at least one suspect held in custody, and the Lithuanian Financial Crime Investigation Service is supporting the ongoing inquiry…

APRA and AUSTRAC take action against Bendigo and Adelaide Bank over serious, potentially systemic ML and risk‑management deficiencies, triggering a $50M capital add-on and enforcement probe

December 18, 2025

APRA has required the bank to do a root cause analysis to fully understand the breadth of non‑financial risk management issues beyond just AML/CTF. The regulator has imposed a $50 million operational risk capital add‑on — meaning the bank must hold extra capital against operational risk until the issues are fixed. AUSTRAC has commenced an enforcement investigation to examine whether the bank complied with its obligations…

U.S DoJ sentences leader of Mexico’s CJNG cartel to over 11 years for laundering millions in drug proceeds, forfeiting assets including cash, luxury vehicles, and real estate tied to the scheme

December 18, 2025

A federal judge sentenced Joaquin Guerrero-Gaxiola to more than 11 years in prison after he pleaded guilty to conspiracy to commit international money laundering and related charges tied to laundering millions of dollars for the Sinaloa Cartel. The sentence follows coordinated investigations by federal law-enforcement agencies and highlights efforts to disrupt transnational criminal finance channels…

UK Gambling Commission fines Paddy Power Betfair £2M for serious regulatory failures in AML, customer protection and social responsibility, including slow detection of harmful gambling

December 17, 2025

The Commission found that Paddy Power Betfair failed to adequately assess and mitigate customer risk, maintain effective AML systems, and adhere to required controls between 2019 and 2021. As a result, the operator agreed to pay a £2 million settlement and must improve its compliance frameworks to protect players and uphold regulatory standards…

FCA fines Nationwide Building Society £44M over serious lapses in financial crime controls, including inadequate monitoring, detection, and reporting of suspicious activity

December 12, 2025

The FCA finds that Nationwide’s shortcomings in AML/CFT systems, including ineffective transaction monitoring and inadequate risk assessments persisted over several years, undermining its ability to identify and escalate potential criminal activity. It also highlights failures in governance, oversight and timely remediation, and directs the firm to strengthen controls to protect customers and the integrity of the UK financial system…

US DOJ secures conviction of a Hollywood director and writer for an $11M subscription streaming fraud, exposing investors to deception and fund misappropriation

December 11, 2025

Prosecutors proved that the defendant solicited millions from investors by falsely claiming he was launching a major streaming service backed by well-known entertainment partners, then diverted the funds for personal luxury spending, debt payments and unrelated ventures. He now faces sentencing after a jury found him guilty of wire fraud, money-laundering conspiracy and related offences, underscoring DOJ’s focus on prosecuting investment schemes that exploit the entertainment industry’s branding and hype…

FinCEN assesses a $3.5M penalty on Paxful for willful BSA breaches, after the crypto platform facilitated over $500M in suspicious, illicit, and sanctions-linked transactions

December 9, 2025

FinCEN found that Paxful operated for years without an effective AML program, neglecting to verify customer identities, monitor activity or file required SARs, even as its platform was used for fraud, scams, sanctions evasion and transactions linked to child exploitation. The penalty reflects FinCEN’s conclusion that Paxful’s systemic failures enabled high-risk actors to abuse its services and underscores heightened U.S. scrutiny of non-compliant virtual asset service providers…

Canada Border Services Agency fines Ontario business owner with $36.9M for undeclared vehicle exports to West Africa, underscoring strict enforcement of export laws and protection of trade integrity

December 8, 2025

CBSA’s investigation found that between 2017 and 2022 the individual exported more than 3,700 vehicles without the required reporting under the Customs Act, allowing the shipments to evade regulatory scrutiny and posing significant risks to supply-chain integrity and public safety. The penalty reflects both the scale and duration of the violations and signals CBSA’s strengthened enforcement posture against high-risk exporters who bypass Canada’s export-control and customs-compliance requirements…

UK Gambling Commission fines Done Brothers Cash Betting Ltd (trading as Betfred) £825K for AML and social responsibility failures, including weak CDD and inadequate problem gambling protections

December 3, 2025

The breaches included inadequate customer due diligence, poor transaction monitoring, and failures to prevent problem gambling, highlighting the regulator’s focus on protecting consumers and ensuring robust AML controls in the gambling sector…

FCA censures the Institute of Certified Bookkeepers for serious AML supervision failings of member firms, spotlighting the need for stronger oversight to prevent financial crime

December 2, 2025

The regulator found that between 2019 and 2022 the ICB failed to conduct adequate risk assessments, carried out too few supervisory visits, and did not ensure that supervised firms met AML obligations, leaving significant compliance gaps across the sector. The FCA concluded that these shortcomings undermined the effectiveness of the UK’s AML regime, issuing a public censure in place of a financial penalty due to the ICB’s limited resources and ongoing remediation work…

UK SFO secures conviction of AOG Technics Director for fraudulently selling aircraft engine parts with forged documents, triggering serious global aviation safety risks

December 1, 2025

Jose Alejandro Zamora Yrala, director of London-based AOG Technics, pleaded guilty at Southwark Crown Court to operating his company for fraudulent purposes by falsifying origin and status documentation for CFM56 aircraft engine parts used on Boeing and Airbus jets. The SFO’s investigation, conducted with Portuguese authorities, revealed that from 2019 to 2023 these forged parts were sold to airlines, maintenance operators and suppliers worldwide, prompting safety alerts and temporary grounding of affected aircraft…

OFAC fines a U.S. real-estate investor $4.68M for illegally dealing in property owned by a sanctioned Russian, underscoring strict enforcement of sanctions on blocked assets

November 27, 2025

Between April 2023 and March 2024, the investor — acting through a U.S.-based real-estate firm — mortgaged, renovated and sold a residential property in Atlanta that belonged to a person on OFAC’s Specially Designated Nationals and Blocked Persons List, in violation of U.S. sanctions and an earlier cease-and-desist order. The penalty serves as a strong enforcement signal that U.S. persons must not transact…

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