About: money laundering

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.
Enlargement 26-10-2018

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.
Economy & Jobs 25-10-2018

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.
Economy & Jobs 15-10-2018

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.
Economy & Jobs 08-10-2018

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.
Banking union 04-10-2018

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.
Banking union 01-10-2018

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.
Economy & Jobs 07-09-2018

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.
Global Europe 06-09-2018

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. 
Economy & Jobs 05-09-2018

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.
Economy & Jobs 04-09-2018

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.
EU-China 30-07-2018

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.
Banking union 27-06-2018

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).

EU to check on money laundering moves in Malta, journalist’s murder

The European Union's justice commissioner said on Monday (23 April)  she will visit Malta in the coming weeks to look at its anti-money laundering moves and check on how an investigation is going into the murder of an investigative journalist.

Difficulties in combating money laundering in Europe

Despite tougher rules against money laundering, there are still many shortcomings among Member States, the European Central Bank and the Commission. EURACTIV.fr reports.
Africa 22-02-2018

Illicit financial flows cost Africa $50 billion a year, states new report

Illicit financial flows cost African countries at least $50 billion every year, more than the total development aid the continent receives, according to a new report by the OECD. EURACTIV.fr reports.

‘Golden visas’ candidates should be thoroughly screened

The EU is bribing Libya to prevent desperate young men and women reaching the safety of our shores, while member states open wide their doors to corrupt foreign politicians who can buy ‘golden visas’, writes Ana Gomes.
Development Policy 08-09-2017

Development efforts are frustrated by tax evasion

Each year, tax evasion causes developing countries to lose more than the total amount of aid they receive. EURACTIV France reports.

Europol urges action after record number of money laundering tip-offs

The head of Europol is calling for tighter controls after an analysis found money laundering goes mostly without investigation, despite banks alerting police to record numbers of suspicious transactions.