Regulatory Watch News

• Federal Financial Crime Team charges B.C. resident in connection to $47 million interprovincial money laundering scheme

  The Royal Canadian Mounted Police

  January 31, 2025

  The RCMP Federal Policing Northwest Region’s Federal Financial Crime Team (FFCT) in Edmonton arrested a B.C. resident for organized crime and money laundering offences. Between September 2018 and August 2020, 30-year-old Harry Seo of Burnaby, B.C., is alleged to have laundered proceeds of crime via online transactions of illicit cannabis in Alberta and British Columbia. He is one of a total of seven individuals who have been charged after allegedly laundering approximately $47 million as part of a criminal organization.

• Report Highlights EU’s approach to Export Controls of Dual-Use items

  European Commission

  January 31, 2025

  A European Commission report assessing patterns of Member State exports of dual-use items shows that both authorisations and denials for the export of those most sensitive goods is on the rise as compared to 2021.

  The Report - which is the first of its kind – is mandated by the modernised EU Export Control Regulation. It provides not only a complete overview of 2022 data but also includes key highlights from 2023 and 2024. The Report concludes that there is an increased scrutiny on the part of the EU and Member States when considering the export of dual-use items
• January 31, 2025

  (Luxembourg, 31 January 2025) – The European Public Prosecutor’s Office (EPPO) in...

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