The European Commission composed a list of high-risk third countries which have “strategic deficiencies in their AML regimes”. Entities connected to these countries will have to go through an increased scrutiny before...
Following a series of money-laundering scandals the European Commission is stepping up in the fight against financial crime. Warning of gaps and weaknesses in national AML systems, it calls for a unified, European approach to...
Banks in Estonia have not yet plugged all the gaps in their money laundering controls, the Baltic state’s regulator said, pledging to maintain a clampdown.
After a number of tax evasion and money laundering schemes have been revealed in recent years, the Parliament of the European Union established a special committee to investigate the EU taxation policies.
Recent celebration of ten years of the Vienna Initiative was another reason for the deeper financial integration of the emerging European countries. Vienna Initiative is a framework for safeguarding the financial stability of...
On March 2019, Organized Crime and Corruption Reporting Project (OCCRP) revealed a vast offshore network that was used to channel billions of Euros out of Russia, relying on support of a major Russian bank.
This year Latvian tax authorities are investigating 131 money laundering cases. Recently, the European Central Bank has decided to increase its supervision of European banks at high risk of money laundering, including Latvian...
Swedbank, the largest bank in the Baltic region, said it won't be drawn into the money laundering scandals that have affected some of its neighbors in the Baltics.