8th December 2020
EU foreign ministers will evaluate grounds for sanctions against Turkey over a Mediterranean gas dispute on Monday before the bloc’s leaders decide whether to make good on their threat to impose punitive measures. Ministers will not take decisions at their meeting on Monday, leaving that to Thursday’s summit of EU… Read More
4th December 2020
Europe’s newly established body to fight financial crime warned that the deadlock in approving the European Union’s next budget was threatening its ability to investigate crimes in the way EU funds are spent. The European Public Prosecutor’s Office (EPPO) will have to work with just its actual 65 staff –… Read More
3rd December 2020
EU envoys agreed on Wednesday on a new mechanism to punish human rights abuses around the world by targeting people regardless of their nationality or their location, two diplomats said. Pushed by the Netherlands, as well as the United States, the European Union will now be able to freeze assets… Read More
3rd December 2020
Police forces in 26 European countries took part in a worldwide operation to crack down on money launderers and their unwitting recruits, Europol said. Operation EMMA 6 – the sixth European Money Mule Action – was organised between September and November this year, with the help of the European Banking… Read More
2nd December 2020
With only a day to go before the deadline for EU member-states to transpose the bloc’s Sixth Anti-Money Laundering Directive (6AMLD), significant questions remain unanswered about how it will be enforced on a national-level. In an apparent response to recent banking scandals, the directive will make the “aiding and… Read More
2nd December 2020
The Bahamas’ inclusion on the European Union’s (EU) black list and Financial Action Task Force’s (FATF) gray list, has caused some local financial institutions to be refused service by correspondent banks, Attorney General Senator Carl Bethel said on Friday, adding that those lists have left The Bahamas at a competitive… Read More
1st December 2020
By Will Neal, OCCRP, 30 November 2020 OCCRP — OCCRP spoke with the head of the new European Public Prosecutor’s Office about the challenges in fighting the widespread  — but often-ignored — criminal scheme. “No one’s interested in value-added tax. It’s just not sexy enough.” There’s an edge of… Read More
30th November 2020
It was perhaps the world’s most expensive wedding; an extravaganza costing tens of millions of pounds with performances by Jennifer Lopez, Sting and Enrique Iglesias, a fleet of Rolls Royces to ferry the guests and a 20-year-old bride wearing a $1m dress and a $5m crown. The groom, Said Gutseriev,… Read More
30th November 2020
The EU will take on powers to freeze assets and impose travel bans on individuals involved in human rights abuses from next month, after the bloc’s member states provisionally approved a European Magnitsky Act. The restrictive measures – set to be formally signed off on Human Rights Day on 10… Read More
27th November 2020
European Union foreign-policy chief Josep Borrell highlighted the possibility of tougher EU sanctions against Turkey over its activities in the eastern Mediterranean, saying the bloc’s leaders will tackle the matter at a Dec. 10-11 meeting. “Certainly we are in a critical moment with our relationship with Turkey,” Borrell told the… Read More