About: money laundering
EU lawmakers faced with sexist and racist abuse from crypto advocates
As EU institutions are moving to regulate the crypto industry, European lawmakers have been subjected to unprecedented levels of online harassment. Two female members of the EU Parliament have been especially targeted by the predominantly male advocates of cryptocurrencies.
Tackling illicit trade through stricter anti-money-laundering rules
As illicit trade is rising, governments and affected industries are looking to combat the trend. One possible way is to pursue money laundering crimes more strictly so that criminals have fewer options to use the proceeds from their activities.
Credit Suisse faces money laundering charges in trial of Bulgarian cocaine traffickers
Credit Suisse will face charges in a Swiss court on Monday (7 February) of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases.
Russia proposes ban on use and mining of cryptocurrencies on its territory
Russia's central bank on Thursday (20 January) proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens' wellbeing and its monetary policy sovereignty.
Scholz labelled ‘finance minister of scandals’ by MPs ahead of German elections
Finance minister and chancellor hopeful Olaf Scholz was questioned by Bundestag MPs on Monday (20. September) about investigations against his ministry’s anti-money laundering unit. His party, the SPD, deemed the hearing pure campaign tactics.
MEP Freund: Von der Leyen, EPP still shielding Bulgaria’s ex-PM Borissov
In an exclusive interview, MEP Daniel Freund tells about his recent visit to Bulgaria, revealing the frustrations of the caretaker government which did not receive support from the EU Commission in its efforts to tackle money-laundering.
Sven Giegold: ECB should start ‘digging into’ financial crime in Bulgaria
To join the Euro, Bulgaria needs to tidy up with financial crime, and the European Central Bank (ECB) should be doing its job and finally start “digging into this”, MEP Sven Giegold told EURACTIV in a telephone interview.
France and Germany demand closer EU cooperation in fight against terrorism
Germany and France want the EU to cooperate more closely in the fight against terrorism, particularly when it comes to a more open exchange of intelligence information. However, member states distrust each other. EURACTIV Germany reports.
Member states want an EU authority against money launderers
EU finance ministers are expected to call for an EU authority against money laundering and urge the bloc to harmonise rules and close the door to illicit money, according to draft conclusions seen by EURACTIV.
Only five member states meet key money laundering deadline
A large majority of members states failed to introduce by 10 January public registers to reveal the true owners of all companies based in their countries, as part of the fight against money laundering, a report published on Friday (20 March) revealed.
At EU summit, Bulgaria’s Borissov fends off accusations of money laundering
The Spanish newspaper elPeriodico published on Friday (21 February) an investigative report stating that Bulgarian Prime Minister Boyko Borissov is being investigated by the Catalan police for alleged involvement in money laundering and organised crime. Borissov has denied any wrongdoing.
‘Less action plans, more action’: EU Commission under fire over money-laundering overhaul
The European Commission said it would only consider money-laundering reforms after it completes a thorough assessment of the issue, dashing hopes the EU executive would act rapidly to crack down on dirty money flowing through the continent.
More Europe needed to fight money laundering, Commission argues
The EU needs more competences to effectively fight money laundry, Vice-President for the Euro Valdis Dombrovskis and Commissioner for Justice Věra Jourová told reporters on Wednesday (24 July) during the presentation of a series of reports on financial crimes.
EU states force clearing of Estonian, Danish regulators over Danske Bank
National banking supervisors who control the EU banking watchdog effectively forced it to clear financial regulators in Estonia and Denmark, who were investigated in relation to suspected money laundering activities by Danske Bank, a member of the European parliament said on Wednesday (17 April).
EU watchdog gains new powers to fight money launderers
Member states on Monday (1 April) approved giving new powers to the European Banking Authority (EBA) to fight money laundering and terrorism financing, as part of an improvement of the European supervisory agencies (ESAs).
EU Parliament condemns insufficient measures against tax evasion and fraud
The European Parliament approved a report during its plenary session requesting EU institutions and member states to adopt measures against money laundering, fiscal fraud and tax evasion, EURACTIV's media partner Euroefe reports.
Member states reject Commission’s blacklist of money launderers
EU member states rejected on Thursday (7 March) the European Commission’s blacklist of countries unwilling to cooperate in the fight against money laundering and terrorism financing, as they blamed the EU executive of not being transparent during the drafting process.
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.