Featured Moldova

Moldova: Bank fraud was coordinated with politicians and state officials, report

The process of the banking system looting was a well-prepared operation in time, coordinated with politicians and state dignitaries. It is one of the conclusions of the report for the elucidation of all circumstances of the banking system looting and investigation of the banking fraud, presented on October 17 at… Read More

Moneyval urges Moldova to combat money laundering more effectively

The anti-money laundering body of the Council of Europe, Moneyval, said on Wednesday that Moldovan authorities need to fully and consistently use the legislative framework in order to combat money laundering. Moldova should also increase the effectiveness of confiscation of proceeds, in particular regarding extended confiscation, the Council of Europe said… Read More

NCA freezes £100m suspected to be from corruption overseas

More than £100m suspected to have been imported to the UK from bribery and corruption overseas has been frozen following a court order obtained by the National Crime Agency. Westminster magistrates’ court granted account freezing orders covering eight bank accounts holding in excess of £100m which is “suspected to have… Read More
18th April 2019
Deutsche Bank “very likely” processed illicit transactions linked to a massive Russian money laundering network that the lender was unaware of until media reports of it surfaced, a leaked audit report concluded last year. The “strictly confidential” report by the bank’s supervisory board audit committee determined that the institution’s… Read More
15th April 2019
European lawmakers are urging financial institutions and governments to address dozens of legal and supervisory shortcomings they say contributed to the proliferation of massive money laundering schemes in recent years. In a resolution adopted Thursday, the Council of Europe’s Parliamentary Assembly said that recent money laundering schemes linked to… Read More
18th March 2019
KYC360.com readers will be aware of the asset forfeiture order granted to UK authorities in February to seize more than £466,000 from a London student living in a luxury apartment off Cadogan Square in Knightsbridge. The young man, as one might imagine, was no ordinary student. Rather, the agency had targeted… Read More
26th February 2019
AP — The Russian Interior Ministry says that it has launched a money laundering probe involving the influential leader of Moldova’s Democratic Party, just two days before parliamentary elections in the former Soviet republic. Moldovans go to the polls Sunday in an election that pits the… Read More
26th February 2019
A London court has ordered the HSBC bank accounts of the son of a former prime minister to be frozen, and for him to hand over hundreds of thousands of pounds to the authorities after police said they suspected the funds were linked to criminal activity. According to the National… Read More
26th April 2018
The European Union has called on Moldova to retrieve funds from a one billion dollar banking fraud and bring to book the criminals behind the scam. In a report discussing the issue of reform in Moldova, amongst other topics, the EU observed that although the country has made some… Read More
13th December 2017
AFP Moldova’s anti-graft authorities have confirmed that Russian banker German Gorbuntsov has been questioned over several criminal cases. Moldova’s General Prosecutor’s Office told news website deschide.md on Monday evening that German Gorbuntsov is being investigated in at least three criminal cases by the Anti-Corruption Prosecutor’s Office. After returning to Moldova… Read More
11th December 2017
By BInna Civirjic, RISE Moldova The daughter of a top Moldovan judge lived large in London thanks to 1.6 million lei (US$ 130,000) that was channeled through two companies involved in the Russian Laundromat – a massive money laundering scheme that pumped billions of dollars through Moldova from Russia. Most… Read More
15th March 2017
Two months ago, Moldova’s Deputy General Prosecutor Iurie Garaba traveled to Moscow with an invitation to attend an official function for Russia’s General Prosecutor’s Day. The visit didn’t go as planned. Garaba was stopped by border guards at Moscow’s airport and taken in for questioning. He said one guard rifled… Read More
10th March 2017
Moldova’s Prime Minister Pavel Filip and parliament speaker Andrian Candu summoned Russian ambassador Farid Muhametshin on March 9 over what they called “the harassment of Moldovan officials” by the Russian authorities. Read More