France
9th May 2021
One of Europe’s top five insurers has said it will stop reimbursing people in France who pay up after being targeted by cybercriminals with ransomware. The global insurance company said on Thursday that it will stop writing cyber-insurance policies that cover customers for extortion payments to ransomware attackers. Ransomware attacks… Read More
4th May 2021
An anti-corruption group has submitted a legal complaint in France against Lebanon’s central bank governor over foreign investments including property he owns worth millions of euros, two people involved in the filing said on Monday. Sherpa, a non-governmental organisation that defends victims of economic crimes, said in a statement that… Read More
3rd May 2021
The United Kingdom’s decision to add Pakistan to its list of “high-risk countries” for money laundering and terror financing may make it harder for Islamabad to exit the Financial Action Task Force (FATF) “gray list” in June, experts warn. On April 12, the U.K. included Pakistan among 21 countries that… Read More
21st April 2021
European Union foreign ministers have not so far shown appetite for a new round of economic sanctions on Russia, Ukraine’s Foreign Minister Dmytro Kuleba said on Tuesday after he called for such steps at a meeting with his EU counterparts on Monday. “Sectoral sanctions are a matter of time and… Read More
19th April 2021
A ruling slashing a record French fine against a bank seemed to bode well for UBS Group AG as it fights an even larger 3.7 billion-euro ($4.4 billion) penalty in front of the same judges. But the Swiss lender might be a victim of its own success. According to… Read More
18th April 2021
Phoenix Thoroughbreds, one of the biggest investors in Australian race horses, has had its prize money frozen in NSW and Victoria following allegations in a US court its founder was involved in money laundering. Racing NSW chairman of stewards Marc Van Gestel said the prize money would be set aside… Read More
14th April 2021
Burundi and the European Union have accelerated talks on lifting sanctions imposed by the bloc, according to Foreign Affairs Minister Albert Shingiro. The EU placed penalties on some politicians and state officials and froze government financing in 2015 during a political crisis that followed former President Pierre Nkurunziza’s decision to… Read More
11th April 2021
French aerospace major Dassault Aviation on Thursday rejected fresh allegations of corruption in the Rafale fighter jet deal with India, saying no violations were reported in the frame of the contract, days after French online journal Mediapart alleged that the jet manufacturer had paid nearly one million Euros to an… Read More
7th April 2021
Latvian lender Rietumu Banka won a 75% reduction in what was once France’s highest criminal fine for a company. Rietumu, which had allegedly helped clients of a company-registration and advisory firm dodge taxes, will still have to pay 20 million euros ($23.6 million), down from the… Read More
7th April 2021
Two former Societe Generale SA bankers are challenging Swiss fines issued for failing to report suspicious deposits worth more than $700 million made by a one-time ally of Russian President Vladimir Putin. The former head of SocGen’s Swiss private bank and the ex-head of compliance, who… Read More