11th September 2020
Fraudsters in Europe are increasingly targeting European Union funds intended for environmental and sustainable projects. It came as the bloc planned to unlock €1 trillion in green investments over the coming years. In its latest report released on Thursday, the European Anti-Fraud Office (OLAF) said that it concluded 181 investigations… Read More
11th September 2020
European Council President Charles Michel has called for faster consideration of sanctions against officials in Belarus after the detention of multiple opposition leaders. “Political persecution in Belarus including detentions on political grounds and forced exile must stop,” Michel tweeted Wednesday. “Belarusian authorities must free political prisoners and let citizens exercise… Read More
10th September 2020
A whistleblower who exposed massive bribery at a Monaco-based oil firm is now being hunted in Europe, in a test of its extradition system. Jonathan Taylor, back in 2013, revealed that his former employer, SBM Offshore, had routinely paid bribes to foreign governments, for instance in Angola, Brazil, and Equatorial… Read More
10th September 2020
For two months, Bulgarians have packed the streets every night to protest that an oligarchic mafia has captured the state and extended its reach deep into institutions such as the judiciary, media and security services. They are demanding the resignations of Prime Minister Boyko Borissov and Chief Prosecutor Ivan… Read More
9th September 2020
By David Klein, OCCRP, 9 September 2020 OCCRP — The EU plans to close the legislative and technical loopholes that allow money laundering to remain rampant in many EU states, Raluca Pruna, the head of the European Commission’s Financial Crime Unit, said in an interview with AML intelligence last… Read More
8th September 2020
Malta’s lucrative financial services industry and its international ranking has suffered another blow as the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has downgraded the island’s standing to “partially compliant”. This downgrade ranks Malta as one of the countries with the lowest standards in the… Read More
7th September 2020
Germany, the current head of the European Union, will discuss possible sanctions on Russia over the poisoning of Alexei Navalny if the Kremlin does not provide an explanation soon, its foreign minister said Sunday. Russian opposition leader Navalny fell ill on a flight last month and was treated… Read More
7th September 2020
Cyprus is to start moves to strip seven people of Cypriot citizenship for violating the terms of a passport-for-investment scheme, the island’s president told AFP on Friday. In the past “there were some deficiencies or loopholes in the programme. And that’s why we have adopted so many steps … to… Read More
7th September 2020
Visa is being investigated by the European Commission over its rules on electronic money providers, after allegations that the giant payments group has behaved in an anti-competitive way. There are also concerns among regulators that some financial technology start-ups are pushing the rules too far through a desire to offer… Read More
4th September 2020
Chancellor Angela Merkel said tests showed “unequivocally” that Russian opposition leader Alexey Navalny was poisoned by a military-grade novichok nerve agent, dramatically escalating tensions with the Kremlin and sending the ruble tumbling. Germany will consult with European Union and NATO allies to formulate an appropriate response over the… Read More