EPPO Indicts 22 in Greek Agricultural Subsidy Fraud Probe, Including Four Sitting MPs
The European Public Prosecutor’s Office in Athens has indicted 22 defendants in connection with an alleged organised fraud scheme involving EU agricultural funds, among them four current Members of the Hellenic Parliament, several former senior public officials and political staff. The indictments follow the Hellenic Parliament’s decision on 24 April 2026 to lift the parliamentary […]
Interpol Operation First Light 2026 Nets 5 800 Arrests and 293 Million US Dollars Across 97 Countries
Interpol has announced the results of Operation First Light 2026, a coordinated international crackdown on social engineering fraud and associated money laundering that produced more than 5 800 arrests, the recovery of over 293 million US dollars and the identification of more than 142 000 victims across 97 countries. The operation, conducted between 15 January […]
Visa Launches Threat Intelligence Platform to Help Financial Institutions Counter Cyber-Enabled Fraud
Visa has announced the launch of the Visa Threat Intelligence Platform (VTIP), a new cybersecurity solution designed to help financial institutions detect and respond to cyber threats before they escalate into fraud and financial losses. The platform extends the same defensive capabilities Visa uses internally to protect its own global payments network. The underlying premise […]
Chinese Official Sentenced to Death for 325 Million US Dollar Bribery Scheme Spanning Three Decades
A court in Changzhou, eastern China, has sentenced former Nanjing city official Yang Youlin to death after convicting him of accepting bribes totalling 2,2 billion yuan — approximately 325 million US dollars — over a period of thirty years. The 69-year-old was also found guilty of embezzlement, abuse of power and money laundering, with the […]
Captain Charged Over Alleged Sanctions Breach Involving Russian Shadow Fleet Oil Tanker
The captain of a Russian shadow fleet vessel carrying nearly 98,000 tonnes of oil has been charged with breaching UK sanctions regulations after the tanker was intercepted by British forces in the English Channel. Ajay Pant, a 38-year-old Indian national, is accused of illegally transporting Russian oil to a third country in violation of the […]
Italian Police Dismantle Underground Bank Used by Drug Traffickers and Criminal Networks
Italian police have dismantled an underground banking network allegedly used by drug traffickers and organised crime groups to move hundreds of millions of euros over several years. The operation, based in Prato near Florence, was reportedly managed since 2021 by a Chinese national and operated as an international financial intermediary for criminal organisations. According to […]
EPPO Investigates 1 Million Euros RRF Fraud Tied to Fictitious E-Commerce Projects in Italy
The European Public Prosecutor’s Office (EPPO) in Bologna is leading an investigation into a suspected 1 million euro fraud involving EU Recovery and Resilience Facility funds earmarked for the digitalization and international expansion of Italian businesses. The case, uncovered through an operation by the Guardia di Finanza in Macerata, centres on an entrepreneur who allegedly […]
UAE Records Sharp Rise in Money Laundering Cases and Asset Freezes in 2025
Australian authorities have confirmed a U.S. request to extradite Ian Taylor, a Queensland-based jet ski salesman, on money laundering charges. The case follows years of scrutiny surrounding offshore shell companies established by Taylor and his family, which media investigations previously linked to criminal organizations and international financial scandals. The United Arab Emirates reported a significant […]
Greece Dismantles Criminal Network Behind EU Agricultural Subsidy Fraud
Greek police announced the dismantling of a criminal organisation that systematically defrauded both the European Union and the Greek state by falsely claiming agricultural subsidies. A coordinated operation on May 25 across the Attica region and Crete resulted in the arrest of 22 suspects, while a further 116 individuals remain under active investigation. Authorities estimate […]
Ukraine’s Anti-Corruption Strategy Revision Raises EU Accession Concerns
Ukraine’s government, led by Prime Minister Yuliia Svyrydenko, has submitted to parliament an alternative draft of the national Anti-Corruption Strategy that omits several key commitments previously agreed upon with the European Union, prompting sharp criticism from within the ruling coalition itself. The controversy emerged after the National Agency on Corruption Prevention (NACP) submitted its own […]