Czech Republic

Featured Czech Republic

Crypto Channels Targeted in Biden’s Fight Against Ransomware

The Biden administration plans a fresh campaign against ransomware attacks through sanctions to cut off criminals’ cryptocurrency pipelines, and it urged companies to report extortion attempts and better protect themselves from them. Deputy Treasury Secretary Wally Adeyemo told reporters that the sanctions would be imposed on Suex, a cryptocurrency transferring… Read More

Russian-linked firms in Lithuania supply Crimean power plants in breach of EU sanctions

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

Italy says busts China money laundering, European metals scam

Italian police said on Wednesday they had broken up a complex money laundering operation and an illegal metal recycling business that had enabled criminals to transfer huge amounts of illicit cash between Italy and China. The three-year investigation, coordinated by the anti-mafia prosecutor’s office in the northeastern city of Trieste,… Read More
16th June 2021
A new report by Transparency International, published on Tuesday, says that almost a third of European Union citizens “think corruption is getting worse in their country and almost half say their government is doing a bad job at tackling corruption”. In the countries surveyed by Transparency International in Central and… Read More
2nd June 2021
Czech police have asked for Prime Minister Andrej Babis to be charged with fraud, following an investigation into alleged misuse of European Union subsidies, according to a statement released on Monday. The criminal unit of the Economic Crime Department of the Prague Police has concluded its investigation into the case… Read More
30th May 2021
The State Department’s internal watchdog is investigating a possible bribery scheme involving a department employee who was allegedly paid by a construction company for inside information that helped it win contracts to build U.S. embassies and consulates. The probe by the State Department’s inspector general was disclosed in a federal… Read More
27th May 2021
That anonymous shell companies are the vehicle of choice for the corrupt and criminals is no longer a secret. New cases of cross-border corruption and money laundering are reported almost on a weekly basis, where perpetrators often hide behind secretive corporate structures. The European Union has been lauded for its… Read More
14th May 2021
British police arrested eight people as part of an investigation into a £50 million ($70.7m) international money laundering racket. The inquiry was sparked by the arrest of British woman Tara Hanlon in October last year as she prepared to board a flight to Dubai with £1.9 million in her luggage. Read More
10th March 2021
An international gang has reportedly robbed two Czech banks and an insurance company of CZK 1.4 billion, using fictitious steel trades, the Czech News Agency reported. The Czech police has been investigating the case in cooperation with their colleagues from Great Britain, where the main perpetrators who controlled the gang… Read More
3rd February 2021
A smuggler has been jailed after attempting to fly almost £900,000 of dirty money out of Scotland. Lukas Pokorny was stopped by UK Border Force officers at Glasgow Airport after trying to check in three large suitcases for an apparent two-week trip to Dubai. When asked what was in the… Read More