15th June 2020
As the UK and the EU exchange expressions of disappointment with each other’s alleged inflexibility after every round of Brexit trade negotiations, the usual areas of disagreement are raised: access to Britain’s fishing grounds, the requirements of a level playing field agreement, regulations over state aid and other issues that… Read More
12th June 2020
Germany is urging its fellow European Union governments to impose the bloc’s first-ever sanctions for hacking on a Russian suspect in the 2015 cyberattack on the German parliament. An EU sanctions framework for cyberattacks took effect last year, allowing the imposition of travel bans to the EU and the freezing… Read More
11th June 2020
July 14, 2015 was a landmark date in the long-running feud between Europe, the US and Iran. Iranian officials agreed to terminate the country’s nuclear programme, and in exchange, would benefit from the removal of crippling sanctions – including on petroleum exports. Trade with the EU soared. Over the following… Read More
9th June 2020
The European Commission may lower recruitment standards for the new EU public prosector’s office – because Malta is unable to find enough suitable candidates. Didier Reynders, the European Commissioner for justice, described the situation as “extraordinary”. Speaking to reporters in Brussels on Thursday (4 June), Reynders said Malta was unable… Read More
29th May 2020
Italian police said on Thursday they had dismantled a major organised crime ring involving public works tenders valued at over 100 million euros ($110 million), including EU funds. Eleven public officials were identified among the 63 people targeted in the operation codenamed “Waterfront” against the powerful ‘Ndrangheta mafia of southern… Read More
29th May 2020
Germany wants to impose a European travel ban and asset freeze on the head of Russia’s military intelligence agency and several of its spies in response to a 2015 cyberattack on the German Parliament that was traced back to Moscow earlier this month. The government will invoke a European… Read More
28th May 2020
The UK is at risk of becoming more vulnerable to illicit funds if it doesn’t closely cooperate with EU authorities on a post-Brexit deal, City of London lawyers told the Financial Times. The concerns follow recently announced plans by the European Union to strengthen its anti-money laundering controls by empowering… Read More
25th May 2020
Thanks for the effort, but you really need to do better. Some EU countries are among the best in the world at implementing technical recommendations to combat money laundering, but this doesn’t necessarily lead to impressive results: In the bloc, only 1.1 percent of estimated illicit proceeds are seized by… Read More
22nd May 2020
The European Union, about to splash out hundreds of billions to prevent its corona-hit economy from collapsing, assured the money would not end up in the wrong hands despite signs criminals are stepping up their game during the pandemic. A Luxembourg Times investigation last month revealed shortcomings in anti-money laundering… Read More
22nd May 2020
A plan to boost European Union powers to curb the flow of dirty money through banks faced resistance at an EU meeting from member states recently hit by major money-laundering and financial fraud scandals, three officials told Reuters. The EU is discussing how to strengthen its scrutiny of the financial… Read More