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
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