7th May 2020
The European Commission aims to intensify its scrutiny of states posing money-laundering risks, and is looking into creating a new body to help police financial crime and monitor banks more strictly, draft documents seen by Reuters show. One document, expected to be published on Thursday, adds Panama and other countries… Read More
6th May 2020
The European Court of Human Rights on Tuesday censured Romania for firing a senior anti-corruption investigator who has since been appointed the European Union’s top fraud prosecutor. As head of Romania’s National Anti-Corruption Directorate, Laura Codruta Kovesi was instrumental in opening fraud probes against 14 former or current ministers, 43 lawmakers… Read More
5th May 2020
Finance ministers and European parliamentarians said they will be keeping a close eye on the European Investment Bank after the Luxembourg Times revealed anti-money laundering loopholes found in an internal audit report from last year. The report showed gaps with regards to rules to prevent money laundering and the… Read More
4th May 2020
Pressure is mounting on the Central Bank of Ireland to further delay the enforcement of new EU regulations aimed at making online payments more secure. The Banking and Payments Federation of Ireland (BPFI) said it was worried about possible disruptions as online retailers upgrade their payments systems to comply… Read More
1st May 2020
The message from Dubai in late 2018 wasn’t unusual. It’s just part of the day for Alejandro Cao de Benós to open his email and find some intrepid capitalist who wants to do a little business in North Korea. Recently, there was the one from a guy in Hawaii who… Read More
1st May 2020
In January, the wife of Cambodia’s most senior police officer dropped €2.5 million (US$2.7 million) on a pair of two-storey villas on the coast of Cyprus, Radio Free Asia has learned. Part of the Cap St Georges luxury development, where pop star Shakira also owns a home, the two-storey villas… Read More
1st May 2020
Fragile hopes of ending the six-year conflict in Ukraine that might pave the way to an easing of European sanctions on Russia have evaporated as Moscow and Kyiv find themselves in renewed deadlock. Foreign ministers from Russia, Ukraine, Germany and France made virtually no progress on a video-conference Thursday as… Read More
30th April 2020
The uncle of Syrian President Bashar Assad is reported to have a European fortune that includes two Paris townhouses — one of them 3,000 square meters (32,000 square feet) — a stud farm, a chateau and more than 500 properties in Spain. A former Syrian vice president and military leader,… Read More
30th April 2020
The Czech government needs to stamp out “oligarchic structures” in the spending of European funds, a leaked EU report into an alleged conflict of interest centred on the country’s billionaire prime minister, Andrej Babiš, has concluded. The report, by the European parliament’s budgetary control committee, calls on Babiš to stand… Read More
30th April 2020
A total of 25 Satabank clients initially suspected of criminal activity have walked away from the bank with €12.1 million after the police decided not to prosecute them. According to a report compiled by EY, which was handed control of the bank by regulators in October 2018, the frozen funds… Read More