NEWS: Bank of Italy warns US crypto push a threat to financial system

Regulatory Watch News

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  Treasury Disrupts Sham Overseas Charity Networks Funding Hamas and the PFLP

  OFAC

  June 10, 2025

  WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning five individuals and five sham charities located abroad that are prominent financial supporters of Hamas’s Military Wing and its terrorist activities.  The individuals and entities sanctioned today are responsible for funding Hamas’s Military Wing under the pretense of conducting humanitarian work, both internationally and in Gaza.  Treasury is also targeting a separate fraudulent charity linked to the Popular Front for the Liberation of Palestine (PFLP).

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  Norway : GRECO ends Compliance Procedure in light of Reforms in Central Government and Law Enforcement

  GRECO

  June 10, 2025

  In a report published today, the Council of Europe Group of States against Corruption (GRECO) has terminated the Fifth Round compliance procedure for Norway, following the implementation of positive reforms to promote integrity and prevent corruption in central government and law enforcement. Over the past four years, Norway has made notable progress in addressing GRECO’s recommendations, with numerous concrete measures implemented.

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  Investigation Admiral 2.0: Suspected ringleader of large-scale tax evasion and money laundering referred to court

  European Public Prosecutor's Office

  June 10, 2025

  (Luxembourg, 10 June 2025) – The European Public Prosecutor’s Office (EPPO) in Riga (Latvia) has referred to the Court of Economic Affairs (Ekonomisko lietu tiesa) the suspected ringleader of the criminal syndicate targeted by the Admiral 2.0 investigation, for large-scale tax evasion in an organised group and money laundering. He has been in pre-trial detention since his arrest, on 28 November 2024.