Featured EU - European Union

Diplomats: Europeans weigh sanctions on Venezuela’s Maduro

AP — Major European nations are considering imposing sanctions on Venezuela’s Nicolás Maduro and several top officials for their recent crackdown on political opponents, although divisions remain over the timing of any action for fear of derailing a negotiated exit to the country’s crisis, The Associated Press has learned. The… Read More

Dominica removed from EU tax haven blacklist

The Caribbean island of Dominica has been removed from a European Union list of tax havens, the EU said on Friday. Dominica changed its tax rules to comply with EU requirements meant to reduce the risks of tax evasion, the EU said in a statement. The EU said 11 jurisdictions… Read More

Europol highlights Russian money as biggest laundering threat

Europe’s Baltic states are at risk from further Russian money laundering, a top European police official said after several big banks were hit by scandals centred on the region. Pedro Felicio, who is responsible for fighting money laundering at European police agency Europol, told Reuters that “huge inflows of criminal… Read More
10th June 2019
AP — Ukrainian President Volodymyr Zelenskiy is urging the European Union to step up sanctions against Russia amid continued tensions in the eastern Donbass region and Crimea. After talks Wednesday with European Council President Donald Tusk, Zelenskiy thanked the bloc for its “unwavering support” and called for the “strengthening of… Read More
10th June 2019
The European Commission is reviewing past money-laundering cases at EU banks to assess what went wrong and decide possible tweaks to rules, an EU official said, citing Deutsche Bank and Societe General as among the screened lenders. The review is part of a broader plan to improve the European Union’s… Read More
7th June 2019
The European Commission on Wednesday called on six EU member-states to bolster their anti-money laundering (AML) supervisory and enforcement efforts in light of recent bank scandals and the risks of crypto-assets. The requests highlight recent efforts by Denmark, Estonia, Latvia, Bulgaria, Sweden and Malta… Read More
6th June 2019
An opposition politician has collected 680,000 signatures to push for Hungarian membership of a planned European Union prosecutor’s office (EPPO), a step rejected by Budapest’s eurosceptic nationalist government. Due to be launched in 2020, the EPPO will be geared to investigating and pressing criminal charges in cases crossing borders of… Read More
6th June 2019
Latvia’s Ministry of Justice has added charges of money laundering to its ongoing bribery case against European Central Bank Governing Council member Ilmars Rimsevics, Bloomberg reported Tuesday. Latvian prosecutors last year accused Rimsevics of soliciting a bribe of €500,000 from a since-shuttered bank that was alleged to have violated money laundering… Read More
5th June 2019
European Union preparations for a no-deal Brexit would split stock markets in Europe, although the damage could be reduced if Britain spelled out in advance its approach to trading, a top EU regulator said on Tuesday. The EU angered market participants in March when it said that if there is… Read More
29th May 2019
The European Union will not renegotiate the Brexit deal that Prime Minister Theresa May agreed, Commission President Jean-Claude Juncker said on Tuesday, as concerns grew that a successor to May could trigger a confrontation with the bloc. Brexit is up in the air after May announced plans to step down,… Read More
29th May 2019
The failure of Maltese authorities to identify the masterminds behind the murder of investigative journalist Daphne Caruana Galizia raises questions about the rule of law in Malta, according to Europe’s chief human rights watchdog. Caruana Galizia, whose reporting uncovered widespread corruption, was killed by a car bomb in October 2017. Read More
28th May 2019
The task of picking the five names that will hold the European Union’s top jobs and guide its future just got harder after EU assembly elections highlighted the deepening political fragmentation of the 28-country bloc. The two biggest centrist groups in the current European Parliament – the European Peoples’ Party… Read More
24th May 2019
It’s been 30 years since the Sommet de l’Arche in Paris established the Financial Action Task Force (FATF) to combat money laundering. So where have we come to in Europe and what remains to be done? The last three decades are not without their accomplishments. Money laundering has been criminalised… Read More