On 22 September, a feature from Regtech Times looks into the background of the incident involving Danske Bank, which it is said is the most substantial money laundering case in recent history, with an estimated $236 billion in laundered funds being routed through its Estonian office.
On 28 September, the Jersey FSC advised that purpose of the national strategy and action plan is to document Jersey’s position in supporting international efforts in the fight against all forms of financial crime and areas of focus to increase effectiveness – and helps shape the strategic priorities, which align with the findings of the national risk assessments. The risk statement will be updated in response to any significant change in circumstances and will be revised annually. It is said that Industry should consider these documents when reviewing business risk assessments.
On 28 September, Europol reported that this campaign has been launched. The criminals in this year’s campaign are all wanted for serious crimes in Europe such as murder, trafficking in human beings, armed robbery and terrorism amongst other offences. This year’s list includes mafia bosses who have committed murder and massacred innocent people, drug traffickers, human traffickers, violent criminals who carry out murder or other violent acts on behalf of the criminal group, and money launderers and embezzlers.