Europe

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Belgium Is Pushing to Dilute the EU’s Belarus Potash Sanctions

Belgium is trying to water down European Union sanctions on Belarus’s potash industry, in a bid to ease difficulties companies within the bloc face in implementing the measures. Diplomats in Brussels have written to other EU member states, requesting a loosening of restrictions on Belarusian potash to allow for… Read More

Estonia’s New Anti-Money Laundering Chief Wants to Revoke All Crypto Licenses

Matis Mäeker, recently appointed head of Estonia’s anti-money laundering government agency believes Estonia should scrap its current crypto regulations and start again, he said in an interview with the local news outlet Eesti Ekspress. By Anna Baydakova, CoinDesk, 13 October 2021 Read more at CoinDesk RiskScreen:… Read More

Global capital flows: how poor countries finance the rich

It’s an economist’s conundrum: global capital, instead of flowing from rich countries to poor countries, actually moves in the other direction. Each year hundreds of billions of dollars leave developing countries and land in the coffers of rich countries like Switzerland. An “unprecedented” $160 billion (CHF149 billion) – about the… Read More
8th October 2021
By Henry Pope, OCCRP, 7 October 2021 OCCRP — Europol announced on Wednesday that, in cooperation with German authorities, Romanian police arrested 21 suspected members of a transnational network that smuggled Afghan migrants to Germany and France. Police made the arrests as they… Read More
7th October 2021
The European Commission will present by the end of the year new legislative proposals to tackle tax avoidance and tax evasion, the EU tax commissioner Paolo Gentiloni told the European Parliament on Wednesday. The tax discussion at the plenary session of the EU parliament was added to the agenda after… Read More
6th October 2021
More than 1,000 police and special forces officers raided homes, offices and businesses in three German states early Wednesday morning. Officials were targeting an international money laundering network suspected to be involved in terror financing, German media reported citing police. By Richard Connonr, Deutsche Welle, 6 October 2021 Read more… Read More
5th October 2021
By Miranda Patrucic, Ilya Lozovsky, Kelly Bloss, and Tom Stocks, OCCRP, 3 October 2021 OCCRP — For centuries, London has been one of the world’s top destinations for shopping, dining, and good living. And a development boom over the last few decades has only expanded the range… Read More
4th October 2021
A massive leak of financial documents was published by several major news organizations on Sunday that allegedly tie world leaders to secret stores of wealth, including King Abdullah of Jordan, Czech Prime Minister Andrej Babis and associates of Russian President Vladimir Putin. The dump of more than 11.9 million records,… Read More
1st October 2021
The former French president Nicolas Sarkozy has been sentenced to a second jail term after being found guilty of illegal campaign financing for the vast, showman-style political rallies of his failed 2012 re-election campaign. The 66-year-old, who remains an influential figure on the French right, received a… Read More
1st October 2021
They are accused of setting up an elaborate scheme, known as the “Singapore Solution”, to funnel money out of Switzerland, through structures in Hong Kong and Singapore, and back into Swiss bank accounts. Read more at SWI swissinfo.ch RiskScreen: Eliminating Financial Crime with Smart Technology… Read More
29th September 2021
Germany’s financial watchdog BaFin has issued a fine to digital bank N26 for delayed reporting of suspicious money-laundering activity, the bank said on Tuesday. BaFin ordered N26 to pay 4.25 million euros ($5.0 million) in June related to the delayed submission of suspicious activity reports “in the area of anti-money… Read More
28th September 2021
The changes with regards to AMLD5 on prepaid card transactions represent key information for the payments ecosystem, especially on the way it could impact the payment acceptance rate. Using his expertise in the field of legal consulting, Timelex‘s Niels Vandezande sheds light on the new rules and exceptions around this law The directive… Read More
26th September 2021
The former boss of a defunct Zurich private bank that was mired in the multibillion-dollar 1MDB scandal faces a trial next week accused of money laundering for a Gulf businessman convicted in the affair. Eduardo Leemann, who denies any wrongdoing, is set to appear at Switzerland’s Federal Criminal Court… Read More