About: money laundering
EU banking watchdog investigates Estonia and Denmark over Danske scandal
The European Banking Authority launched a formal investigation on Tuesday (19 February) to determine if Estonian and Danish authorities had failed to enforce EU rules that would have prevented one of the largest-ever money-laundering scandals affecting Danske Bank.
Commission adopts stricter blacklist of money launderers
The European Commission has included Saudi Arabia and Panama in an extended ‘blacklist’ of uncooperative jurisdictions in the fight against money laundering and terrorist financing, in an effort to regain citizens’ trust in the fight against financial crimes.
Deutsche Bank goes on the defensive in hearing with EU lawmakers
Deutsche Bank's chief anti-financial crime officer dodged questions from exasperated MEPs during a European Parliament hearing on Monday (4 February), amid reports of the German lender's involvement in a major money laundering case.
Dirty money risks encroach on Estonia’s digital utopia
Estonia’s push to become a digital society has left it vulnerable to dirty money and sanction breaches, the country’s top banking regulator has warned.
EU urges crackdown on ‘golden visas and passports’
The European Union urged member countries on Wednesday (23 January) to crack down on schemes granting "golden visas and passports" to foreign investors, warning they can bring corruption and money laundering in their wake.
Maltese opposition calls for minister to quit over power station contract
Malta's opposition on Monday (12 November) called for the tourism minister and the prime minister's top aide to resign after an investigation by Reuters and Times of Malta showed that Panama companies they had set up had arranged to receive money through a mystery company called 17 Black in Dubai.
Luxembourg reprimanded over slow transposing of money laundering laws
The European Commission has reprimanded Luxembourg once again for delays in transposing European anti-money laundering rules into its legislation. EURACTIV France reports.
Albania bans sports betting, restricts casinos in bid to tackle organised crime
Albania's parliament on Thursday (25 October) passed a law banning a large sports betting industry and restricting casinos in a bid to clamp down on organised crime.
Bruegel: EU needs anti-money laundering body with staff of hundreds
The European Union should set up a new agency to counter money laundering after a series of high-profile cases at banks bared weaknesses in the system, an influential think-tank said in a report, urging full disclosure of fines imposed on wrongdoers.
90% of major European banks already sanctioned for money laundering
According to a British report, 18 of the 20 leading European banks, including four French ones, have already been sanctioned for money-laundering offences over the past decade. EURACTIV France’s media partner La Tribune reports.
Europe’s ‘golden visa’ schemes open doors for criminals, report finds
With its cash-for-passport practices, Europe has opened its door to the criminal and corrupt, with some member states running a lucrative industry of trading citizenship for money, said a new report by Transparency International and Global Witness.
Estonia insists it is not Europe’s money-laundering hub
In the wake of the Danske Bank scandal, Estonia's central bank has had to clarify cross-border payments made over the past ten years, amounting to approximately €900 billion. EURACTIV France’s media partner La Tribune reports.
Estonia admits over €1 trillion were laundered in the country in 2008-2017
Banks doing business in Estonia, which has been at the centre of a money-laundering scandal involving Danske Bank, handled more than $1 trillion in cross-border flows between 2008 and 2017, according to the country's central bank.
Ministers support giving more powers to EU watchdog to fight money launderers
The Ecofin Council “broadly” supported on Tuesday (2 October) the European Commission’s proposal to transfer more powers to the European Banking Authority to investigate alleged cases of money laundering in the EU.
Money launderers are taking EU to the cleaners, experts say
EU nations may boast the world's most stringent anti-money laundering rules, but recent scandals show that criminals are good at exploiting the bloc's Achilles' heel: a patent lack of coordination.
EU admits anti-money laundering rules inefficient, prepares for improved supervision
As recent scandals proved that the new anti-money legislation falls short of monitoring financial flows, the EU is leaning toward stepping up the supervision and enforcement of its rules.
Latvian elections approach under high tension
The fight against corruption is one of the key campaign issues for the Latvian parliamentary elections on 6 October. However, the strange cabals, which are likely driven by Russia, are tending to tarnish the entire political class. EURACTIV France reports.
Latvia: The thriller passes through the central bank
Murder, wire-tapping in a sauna and bribes: the corruption case involving the central bank of Latvia resembles a real Baltic thriller. EURACTIV France reports with a third article in our series on Latvia.
Latvia: When the United States scolded the ‘Switzerland of the Baltics’
Latvian bank Rietumu has been hit with a fine of €80 million by French judges for having laundered hundreds of millions of euros. EURACTIV France reports in the second part of its Special Report on Latvia.
Latvia: The governor’s corruption undermines the ECB
Having been put under investigation for corruption at the end of June, the governor of Latvia's central bank is the third member of the ECB governing council to have been implicated in murky deals over the past year. EURACTIV France reports.
Europe needs to wake up to China’s influencing strategies
As Europe is waking up to the Chinese party-state’s growing influence inside its territory, China experts in Europe need to make themselves heard, write Tabitha Speelman and Matej Šimalčík.
Money laundering accusations in Latvia cast doubt on ECB credibility
The Governor of the Latvian Central Bank, suspended by the Parliament, continues to face extraordinary accusations. The Commission has promised to set up a working group by the summer to tackle money laundering. EURACTIV.fr reports.
Cyprus to cap its ‘golden visa’ program
Stung by criticism it has been selling European Union passports for cash, Cyprus has tightened vetting procedures in a scheme that grants Cypriot citizenship to investors, the finance minister said yesterday (22 May).