25th September 2020
The UK is drawing up “Magnitsky”-style human rights sanctions against officials in Belarus responsible for administering the rigged re-election of president Alexander Lukashenko or directing the violent suppression of subsequent street protests. The foreign secretary, Dominic Raab, said on Thursday that he will introduce the sanctions in conjunction… Read More
25th September 2020
Securities and tax regulators should have new powers to share information for cracking down on fraudulent tax reclaim schemes, the European Union’s markets watchdog said on Thursday. The European Securities and Markets Authority (ESMA) made the recommendation in its final report to the European Parliament into frauds whereby investors engineer… Read More
24th September 2020
In the Kerch Strait off the Crimean coast, a dangerous undertaking cost 20 people their lives. On January 21, 2019, crews on two tankers were transferring liquified petroleum gas (LPG) from one ship to another at sea. Something went wrong and there was a terrible explosion. Both ships quickly… Read More
23rd September 2020
Football clubs will have to step up internal controls amid growing attention to criminal activity in sports by anti-money laundering agencies. The Malta Football Association is working on a framework to introduce more accountability and corporate oversight in top-tier clubs, a source close to the governing football body told MaltaToday. Read More
23rd September 2020
The European Union imposed sanctions on Monday on a Turkish shipping company accused of breaking a U.N. arms embargo on Libya and whose vessel was involved in a naval incident between NATO members France and Turkey in June. The asset freeze of Avrasya Shipping, which the EU said operates the… Read More
22nd September 2020
By Graham Stack, OCCRP, 21 September 2020 OCCRP — European regulators gave the green light for international banks to handle billions of dollars that flowed from the former Soviet Union through Latvia’s banking sector, even as thousands of these transactions were being red-flagged to the U.S. Treasury, leaked bank… Read More
18th September 2020
A leaked version of rules to be issued later this month by the European Commission proposes an all-encompassing set of regulations covering the trading or issuance of digital assets across the 27-nation bloc. Europe’s Markets in Crypto-Assets (MiCA) draft legislation provides legal certainty around crypto assets – cryptocurrencies, security… Read More
15th September 2020
International perpetrators of genocide and torture, but not corruption, are to face new-model EU sanctions, a leaked document shows. Those guilty of crimes against humanity, slavery, extrajudicial killings, enforced disappearances, and arbitrary arrests will also face EU asset-freezes and visa-bans. And those responsible for human-trafficking, sexual violence, and abuses of… Read More
14th September 2020
Germany, France, Italy, Spain and the Netherlands called on the European Commission to draw up strict regulation for asset-backed cryptocurrencies such as stablecoins to protect consumers and preserve state sovereignty in monetary policy. The finance ministers of the five European Union member states said in a joint statement on Friday… Read More
11th September 2020
The European Union should create a single set of rules that are binding on member states to deal more effectively with money laundering and terrorist financing, the bloc’s banking watchdog said on Thursday. The European Banking Authority (EBA) said strengthening EU laws would plug gaps and tackle divergent national approaches… Read More