About: money laundering
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).
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.
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 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.
European secrecy must end if Africa’s potential is to be unlocked
Having shown their serious intent at the lectern and on panels, G20 and African leaders must now move beyond speeches and pledges and take concrete, demonstrable steps to help the African continent harness its full potential, writes Acting-President of Nigeria Yemi Osinbajo.
Tackling money laundering: Crucial to tax evasion and terrorist financing prevention
European Commissioner for Justice Věra Jourová has prioritised stepping up the fight against money laundering. In this opinion piece, she explains what steps have been taken and what more is to come.
Panama Papers one year on: Work left to be done
The EU has a duty to ensure that its update of the Anti-Money Laundering Directive requires the details of company owners to be made public, to avoid a repeat of the Panama Papers scandal, writes Emily Wigens.
Greens slam Commission for blocking Panama Papers probe
MEPs from the Greens/EFA group voiced frustration today (2 February) with being blocked in their investigation of the Panama Papers and on the ways in which money laundering and tax evasion are made possible in the European Union.
Senior EU notary: European integration to continue ‘with or without Brexit’
President of the Council of the Notariats of the European Union (CNUE) José Manuel García Collantes told EURACTIV Spain that the European project is on track and that free movement and integration will continue “with or without Brexit”.
Former Romanian MP among Europol’s ‘Most Wanted’
Romanian businessman and politician Sebastian Ghita has been named on Europol’s most wanted fugitive list in relation to a number of high-profile corruption cases, one of which involves former UK Prime Minister Tony Blair. EURACTIV Romania reports.
Deutsche Bank fined $630 million for failures over Russian money laundering
Deutsche Bank agreed to pay $630 million in fines to US and UK regulators for failing to prevent an estimated $10 billion in suspicious trades being laundered out of Russia, settling a second major legal case this month.
Tangible results on the road to reform in Ukraine
In signing four projects with Ukrainian officials in Brussels today, EIB will have fulfilled its €3 billion obligation to Ukraine. Instead of providing general aid, the EIB supports very specific projects, writes Vazil Hudák.
France and Germany team up to push through EU public prosecutor’s office
France and Germany have proposed an enhanced cooperation procedure to overcome the reluctance of some EU member states and push through plans for a European public prosecutor's office. EURACTIV France reports.