Europe

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The UK has been linked to Congo’s ‘conflict minerals’ – where are the criminal charges?

According to the Swiss federal criminal court last week, the corruption destroying the Democratic Republic of the Congo – where devastating conflicts over minerals used in our electronics have killed more than six million people – is inextricably linked to the UK, Gibraltar and Switzerland. It was… Read More

Italy investigates Blackstone-owned LIA insurer over tax evasion allegations -sources

Milan prosecutors are investigating Lombard International Assurance (LIA), a Luxembourg-based insurer owned by U.S. fund Blackstone, due to allegations of tax evasion and money laundering, two judicial sources said. Newspaper Sole 24 Ore had reported the investigation on Wednesday and the judicial sources confirmed the details of the report. The… Read More

Slovenia risks court over EU anti-graft office

Slovenia now risks court action unless it rapidly appoints two prosecutors to the recently-established EU watchdog tasked to fight financial crimes. “We will think about a possible procedure before the court,” EU justice commissioner Didier Reynders said on Tuesday (20 July). Slovenia is currently at the helm of the rotating… Read More
22nd July 2021
Brussels has set its sights on dirty money. The European Commission on Tuesday unveiled a massive package of anti-money laundering initiatives to drive dirty money out of the bloc after repeated failures in supervision. The crowning feature of the four-pronged package is a plan to introduce a new… Read More
21st July 2021
Seven people have been arrested in an operation that police think may have “significantly disrupted” a people smuggling network which moved hundreds of Albanian migrants to the UK illegally. The National Crime Agency (NCA) said the network’s alleged ringleader was among those who were detained in a series of raids… Read More
21st July 2021
The Investigative Committee (SK) website has a video showing extravagant interiors in a huge mansion, among many properties raided. Col Alexei Safonov, head of traffic police in the southern Stavropol region, was arrested with six others. Traffic police allegedly took bribes for issuing fake permits to businesses. The permits allegedly… Read More
21st July 2021
EU policymakers proposed a new agency on Tuesday to stop financial firms aiding criminals and terrorists after a scandal at a Danish bank highlighted the inadequacy of the bloc’s defences. Europe came under pressure to step up enforcement of its anti-money laundering rules when several countries began… Read More
21st July 2021
The European Commission wants to end anonymity in cryptocurrencies and establish a new anti-money laundering agency to enforce tougher rules in a plan to crack down on the proceeds from crime. The proposals launched by financial services commissioner Maireád McGuinness aim to “improve the detection of suspicious transactions and… Read More
21st July 2021
EU policymakers proposed a new agency on Tuesday to stop financial firms from aiding criminals and terrorists after a scandal at a Danish bank highlighted the inadequacy of the bloc’s defences. Europe came under pressure to step up enforcement of its anti-money laundering rules when several countries began investigating Danske… Read More
21st July 2021
A Kaunas-based company has breached EU sanctions and supplied equipment for the construction of power plants in Russian-annexed Crimea, LRT Investigation Team reports. Water filtration systems from Lithuania were used in the construction of thermal power plants in Crimea, data collected by LRT Investigation Team and Scanner project, a Russian… Read More
21st July 2021
The government and banks are turning their attention to the second-hand lease car market in their fight against money laundering. They’re going to make it more difficult for car dealers to deposit large amounts of cash, De Telegraaf reported. According to the newspaper, international drug gangs in particular buy up… Read More
21st July 2021
The United States and Germany will take action against Russia if it uses the Nord Stream 2 gas pipeline to harm Ukraine or other Eastern European countries, according to two sources familiar with a bilateral agreement expected on Wednesday. The agreement, hammered out in recent months by senior U.S. and… Read More
20th July 2021
A prosecutor in Lebanon has summoned central bank chief Riad Salameh for questioning next month over corruption allegations, a judicial source said on Monday. Mr Salameh, one of world’s longest-serving central bank governors, is facing a series of allegations, including from Switzerland, France and Britain, over suspicions of money laundering,… Read More