Featured Europe

U.K. Cyber Chief Cameron Says Ransomware Is Key Online Threat

Professional criminals holding businesses to ransom — often with the support of nation-states — is the key online threat facing the U.K., the country’s cyber security chief will say Monday. Lindy Cameron, who is chief executive of the National Cyber Security Centre, part of the spy agency GCHQ, will warn… Read More

U.K.’s Financial Conduct Authority Bans Lithuanian FinTech Linked to Wirecard Fraud

U.K. officials have banned UAB Finolita Unio from operating in the country following a decision last week by the Bank of Lithuania to revoke the firm’s license over its alleged “severe infringement” of anti-money laundering (AML) and counterterrorism financing (CTF) laws. The U.K.’s Financial Conduct Authority (FCA) published the decision… Read More

The new breed of criminals: Dublin bank staff probed over links to cyber fraud

Employees at three major financial institutions are under investigation over suspected links to crime gangs involved in cyber frauds and money laundering. The three young adults — a woman and two men — separately came to the attention of gardaí investigating the rising phenomenon of online frauds and scams. The… Read More
14th June 2021
The European Parliament has called for sweeping economic sanctions and a raft of other measures against Belarus in response to growing repression and the forced landing of a plane flying between two EU capitals to arrest opposition activist Raman Pratasevich. Economic sanctions should target Belarus’s state-run companies in the oil,… Read More
14th June 2021
By Dejan Milovac  and Jared Ferrie, OCCRP, 11 June 2021 OCCRP — Zoran Bećirović says he’s an ordinary property developer, and he’s suing Montenegro’s two biggest newspapers and a civil society organization for years of reporting “baseless claims” against him in their coverage of his high-profile land… Read More
14th June 2021
Drying up the “feel-good places for tax evaders” was parliament’s aim, said conservative finance politician Fritz Güntzler of Chancellor Angela Merkel’s Christian Democrats (CDU) as the lower house of parliament, the Bundestag, adopted the bill on Thursday. But skeptics, including opposition Markus Herbrand of the pro-business Free Democrats, said that… Read More
13th June 2021
The top global standard setter for banking regulation proposed a strict new rule that would require banks to essentially set aside a dollar in capital for every dollar of bitcoin they own. The Basel Committee for Banking Supervision, a group of global central bankers and regulators, announced the plan Thursday… Read More
11th June 2021
China enacted a new law aimed at countering foreign sanctions, in response to U.S. and European efforts to pressure Beijing on issues spanning human rights, trade and technology. Senior members of China’s legislature approved the “anti-foreign-sanctions law” on Thursday, state media said, following an expedited process that skipped public consultation… Read More
11th June 2021
The European Commission on Wednesday took Luxembourg to court, asking the European Court of Justice (ECJ) to impose a daily penalty on the country for failing to put new EU rules to stop money laundering into law. Without the rules on the freezing and confiscation of proceeds of crime, EU and national… Read More
11th June 2021
The European Central Bank has asked Deutsche Bank a number of times in recent months to name a successor to chairman Paul Achleitner as the end of his term nears, two people with knowledge of the matter said. Achleitner is due to retire next May after 10 difficult years in… Read More
11th June 2021
A top American diplomat told Congress on Wednesday that the Biden administration plans to impose additional sanctions on the authoritarian regime in Belarus — a significant step as lawmakers agitate for tougher punishments against a top ally of Vladimir Putin. The U.S. effort comes amid rising tensions between Minsk and… Read More
11th June 2021
By Saskia Wright and Anastasia Austin, InSight Crime, 10 June 2021 InSight Crime — Panama’s northern province of Colón, sitting at the Atlantic entrance to the Panama Canal, is seeing a staggering increase in drug seizures, raising questions about its role in the Central American cocaine pipeline. Read More
11th June 2021
Earlier this week the Council of Europe’s MONEYVAL published a progress report showing significantly improved ratings for Malta in its fight against money laundering and terrorist financing from a technical perspective. Thursday’s report clearly acknowledged the progress made since Malta’s earlier evaluation, at times doing so quite openly when confirming… Read More