25th November 2020
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Transnistria, banning then from entering EU countries – but observers noted that the list of individuals sanctioned is outdated and includes people who are no… Read More
20th November 2020
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
17th November 2020
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
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
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 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
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
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
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 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