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Firstpost: India tightens crypto scrutiny as RBI pushes restrictions and tax authorities flag risks of tax evasion, weak traceability and illicit finance

July 8, 2026

The concerns centre on financial stability, regulatory oversight and the potential misuse of virtual digital assets for illicit activities. India has yet to adopt a final framework for cryptocurrencies, leaving the sector in a regulatory grey area…

The Guardian: Farage’s £5M crypto-linked gift was reported to the NCA over potential ML concerns, flagging scrutiny around source of funds and high-value political donations

July 7, 2026

The referral highlights the enhanced scrutiny applied to large financial transfers, particularly where funds originate from complex or high-risk sectors such as cryptocurrency. While a report to the NCA does not indicate wrongdoing, it reflects concerns around source-of-funds verification, transparency of political donations and potential misuse of financial channels for illicit finance…

Mondaq: A Finnish court sentences a CEO to 3+ years and orders €6.6M in confiscations for illegally exporting trucks to Russia in breach of EU sanctions through false transit declarations

July 3, 2026

The vehicles were falsely declared as being in transit to countries like Kazakhstan or Türkiye, but investigators found they were actually delivered to Russia, violating EU sanctions imposed after the Ukraine war. The court also ruled that the company must forfeit profits and assets linked to the scheme, and noted that the case forms part of wider Finnish enforcement efforts targeting sanctions evasion through trade misrepresentation..

India Today: U.S. removes 4 Indian companies from its sanctions list after previously accusing them of supplying dual-use technology and equipment to support Russia’s military-industrial base

July 2, 2026

The firms based in Hyderabad, Ahmedabad, and New Delhi had been placed under OFAC sanctions in 2024, but have now been delisted without an official explanation, easing restrictions on their international operations…

Reuters: Euroclear sues Russia’s central bank to block a €220B damages claim over frozen assets, calling the Moscow ruling unlawful and unenforceable

June 30, 2026

The dispute stems from Western sanctions imposed after Russia’s invasion of Ukraine, which led to the immobilisation of large volumes of Russian sovereign and private assets held through Euroclear. Russian courts have since issued rulings seeking compensation, but Euroclear argues these judgments are unlawful under international law and cannot be enforced in Belgium or the EU…

Reuters: Binance confirms it will remain in Europe despite setbacks in securing approval under the EU’s MiCA crypto regime, after its application in Greece was rejected amid regulatory concerns

June 24, 2026
The exchange is now seeking authorisation in other jurisdictions such as France, Ireland and Latvia, but faces increased scrutiny over past compliance and anti–money laundering issues, raising the risk that it may need to scale back or suspend services if it fails to obtain the required licence…

Nova.ie: Irish Govt launches a 30-point Action plan to strengthen AML and FC controls through tighter oversight, enforcement, and coordination, backed by a NRA

June 22, 2026

The plan aims to tighten controls across high-risk sectors such as gambling, crypto-assets, and cash-intensive businesses, while improving supervision, enforcement, and regulatory oversight. It also focuses on enhancing cooperation between regulators, law enforcement, and financial intelligence agencies, as well as strengthening safeguards against terrorist financing and the misuse of charities and non-profits…

Asian Banking & Finance: HSBC Bank Australia fined $35M (about $24.6m USD) after admitting serious failures to protect customers from scams and unauthorised transactions

June 22, 2026

The Australian regulator (ASIC) found that between 2023 and 2024, HSBC had inadequate fraud and scam controls, especially in its internal transfer systems, customers were exposed to impersonation and payment scams, leading to significant losses…

Times of Malta: Malta’s FIAU fines BNF Bank €69,000 after a faulty core banking system upgrade led to prolonged reporting failures and missed regulatory deadlines for over 5 months

June 22, 2026

During this period, BNF was unable to meet its requirement to file reports every seven days, with more than 100 days of missed or delayed submissions. Although the bank was actively attempting to resolve the issues and later restored compliance, the FIAU ruled that the failures were significant enough to warrant an administrative penalty…

AB: UAE steps up its AML crackdown, confiscating $1.15B in illicit assets and freezing $40.8M as it tightens action against FC and cross-border laundering networks

June 9, 2026

Authorities also noted that money laundering probes increased significantly, reflecting a broader crackdown on illicit financial flows, with stronger regulatory and enforcement actions targeting cross-border laundering networks and associated criminal activity…

FlexiNews: U.S. authorities arrested an Australian businessman over an extradition request for allegedly running a network of 2,500+ shell companies to launder illicit funds for transnational criminal groups

June 4, 2026

U.S. authorities allege the network was designed to conceal beneficial ownership and facilitate cross-border movement of illicit funds, allowing criminal proceeds to flow through the global financial system with reduced detection. Investigators claim the structures were allegedly used by transnational criminal groups, including drug trafficking organisations and sanctioned entities, to obscure transactions and integrate illicit funds into legitimate markets…

Euronews: Russia sanctions a British teenager after his open-source research exposed a Moscow-linked crypto laundering network used to evade sanctions and move war-related illicit funds

June 4, 2026

His research focused on complex crypto flows and digital asset structures suspected of being used to obscure the movement of illicit funds across borders and evade sanctions controls. Russian authorities responded by placing him on a sanctions list, effectively restricting his ability to engage with or travel to Russia and signalling a rare instance of direct retaliation against an individual researcher. The case highlights how open-source intelligence (OSINT) and independent investigations are increasingly uncovering sophisticated sanctions evasion typologies in the crypto ecosystem…

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