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EU’s Sanctions List for Separatist Transnistria Leaders ‘Out of Date’

The Council of the European Union on Monday extended until October 2021 the restrictive measures it has imposed on representatives of the separatist regime in Transnistria, banning then from entering EU countries – but observers noted that the list of individuals sanctioned is outdated and includes people who are no… Read More

EU to impose more Belarus sanctions, including on firms

European Union foreign ministers agreed on Thursday to push ahead with a new round of sanctions on Belarus including on Belarusian companies, in response to state repression of pro-democracy protests, the EU’s top diplomat said on Thursday. The EU has already imposed travel bans and asset freezes on almost 50… Read More

EU Threatens New Belarus sanctions after protester’s death

The European Union threatened to add sanctions against Belarus over the “outrageous” death of a 31-year-old man died following his detention by the police in the capital, Minsk. Raman Bandarenka was taken away by police on Wednesday following a clash between locals hanging ribbons on a park fence in support… Read More

9th November 2020

Swedbank ex-CEO: We did not knowingly launder money

Former Swedbank Baltic CEO Priit Perens told daily Eesti Päevaleht (EPL) in an interview that he and his colleagues never consciously laundered money, and that the heads of Estonian banks did not foresee changes in regulations and society. “… Expectations of banks have changed so much. As Erkki Raasuke (current… Read More

9th November 2020

Antibribery Group Presses Netherlands to Strengthen Whistleblower Protections

The Netherlands has ramped up its enforcement of foreign bribery since 2012, but it still faces challenges in prosecuting individuals and fully using its whistleblower protection program, an international antibribery watchdog said. The Organization for Economic Cooperation and Development Working Group on Bribery in International Business Transactions, in a report… Read More

9th November 2020

Investigative journalists facing ‘vexatious’ lawsuits aimed at silencing them

Investigative journalists in Europe and elsewhere probing financial crimes are increasingly facing vexing lawsuits, many filed in British courts, aimed at intimidating them into silence, according to a global survey published this week. “What came across resoundingly from the results of the survey were that legal threats really are a… Read More

5th November 2020

EU ministers agree to set up EU anti money laundering body

European Union finance ministers agreed on Tuesday to set up an EU body that would fight money laundering across the 27-nation bloc, supporting a European Commission proposal from May. The council of finance ministers also gave their backing for the Commission to harmonise EU anti-money laundering rules and provide coordination… Read More

5th November 2020

EU launches sanctions against Belarus leader Lukashenko

The EU on Wednesday launched a procedure to sanction Belarus President Alexander Lukashenko, his son Viktor and 13 others held responsible for a post-election crackdown in the former Soviet state, diplomatic sources in Brussels said. The green light to ban visas and freeze the assets of Lukashenko and the 14… Read More

3rd November 2020

Financial crime country lists in a fragmenting world order

Naming and shaming countries that fail to meet the international community’s anti-financial crime standards is an increasingly popular pastime. The Financial Action Task Force (FATF, the global money-laundering and terrorist-financing watchdog) has long been a proponent and has recently been joined by the EU. The EU has now developed its… Read More

3rd November 2020

British entrepreneurs find a European e-home in Estonia

British entrepreneurs are flocking to become “e-residents” of Estonia to take advantage of company formation rules and avoid the economic fallout from leaving the European Union. The scheme, which was set up in 2014, allows non-Estonians access to services such as company formation, banking and taxation. Since then, 3,372 British… Read More

2nd November 2020

The EU tiptoes into cyber sanctions regimes

The EU has now imposed its first cyber sanctions regime targeting Russian, North Korean and Chinese actors deemed responsible for cyber attacks against EU member states. In recent months, the US has also pursued similar sanctions and indictments against Russian, North Korean and Chinese actors. Indeed,… Read More

2nd November 2020

Tikhanovskaya urges EU to enact more sanctions on Belarus

The EU should act fast and impose more sanctions on the regime of strongman Alexander Lukashenko and its supporters, Belarus opposition leader Svetlana Tikhanovskaya has said. In an interview with the Financial Times published on Sunday, Tikhanovskaya welcomed the EU’s decision to penalize 40 Belarusian officials last month,… Read More

29th October 2020

Italian crime group linked to laundered EU agricultural funds

Italian police and the European Anti-Fraud Office (OLAF) have uncovered an elaborate fraud scheme run by a criminal group with links to the mafia. The scheme spanned across seven different EU countries, including Ireland, with the group having committed fraud against EU rural development funds worth some €9.5m. It involved… Read More

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