Germany Deutsche Bank headquarters searched in money laundering investigation Prosecutors say it is "the first time" a German bank has been involved in a money-laundering probe. 29/04/2022
Netherlands Ten men from same family arrested in Amsterdam for money laundering Dutch police seized more than €1.4 million during the arrest, suspecting that the large sums of money originated from international drug trafficking. 28/04/2022
Republic of North Macedonia Former Prime Minister of North Macedonia convicted of money laundering It is Nikola Gruevski's third conviction since he left office in 2016. 21/04/2022
Money EU lawmakers back new rules to trace crypto transfers Draft EU legislation aims to trace crypto transactions in the same way as traditional money transfers. The industry is not pleased. 31/03/2022
Spain Spanish police arrest UK's 'most wanted woman' for €1bn phone fraud "At one point this organisation sold more mobile phones in the UK than all the legal shops combined," Spain's Civil Guard said of the VAT fraud scheme. 01/03/2022
Money Russian oligarchs facing proposed new UK law targeting 'dirty money' The legislation has been moved forward after Boris Johnson's government faced criticism that it wasn't doing enough to stop the flow of Russian money. 28/02/2022
Italy Vatican corruption trial related to London building resumes The trial is the culmination of a two-year investigation and revolves mostly around the purchase by the Vatican of a €350m property in Chelsea with church money. 17/11/2021
world news Over 100 arrested in Spain and Italy in major money-laundering sting Spanish and Italian police have arrested 106 people connected to a gang that allegedly laundered money for mafia groups and made millions of euros through online scams. 20/09/2021
Germany Two German ministries searched in money laundering investigation Investigators have searched the German ministries of finance and justice on suspicion of withholding evidence on money laundering cases. 09/09/2021
Money The EU is making Bitcoin traceable, closing crypto loophole The proposed new rules will make it harder to use crypto to launder proceeds of crime, the European Commission said. 21/07/2021
Europe News Brussels wants a new EU agency to tackle money laundering The aim is to have the Anti-Money Laundering Authority set up by 2024. 20/07/2021
Money UK police seize record €210m in crypto in money laundering probe Police investigating money laundering made the record haul after an earlier €130m seizure in June. 13/07/2021
Albania Three Albanian police officers arrested in major drug-trafficking bust Thirty-eight Albanian nationals including a prosecutor, a government department head and three senior police officers have been arrested for drug trafficking, corruption, abuse of post and money laundering. 02/07/2021
France France confirms probe into governor of Lebanese central bank Riad Salameh, who has been at the helm of the Banque du Liban for close to 30 years and is now at the centre of the country's financial crisis, is being investigated by both Swiss and French authorities. 07/06/2021
Romania Romania's ex-minister sentenced for corruption and money-laundering Elena Udrea, a former Romanian tourism minister, and Ioana Basescu, daughter of the former president, received prison sentences for money laundering. 02/03/2021
Latvia One of Latvia's richest men is jailed for bribery and money laundering The businessman is regarded as one of the most influential figures in Latvian politics. 23/02/2021
Malta Malta: Ex-PM Joseph Muscat's top aide out on bail in corruption probe Keith Schembri was arrested as part of a money laundering probe linked to the sale of Maltese passports to rich people from non-EU countries. 23/09/2020
USA Banks failing to stop money laundering on vast scale, says report Massive sums of allegedly dirty money have flowed for years through some of the world's largest banking institutions, an international journalism investigation says. 21/09/2020
Serbia Serbia launches investigation into finances of rights groups A government official told the state news agency that non-government groups should not be treated as “holy cows.” 28/07/2020
View The Aliyev fraud case shows that financial advisors could get caught up in criminal probes ǀ View The Aliyev case demonstrates that professional advisors may become personally caught up in the UWO issues surrounding work they have done for their high net worth clients. Those professionals would be well-advised to take great care to protect themselves from unfounded allegations. 23/04/2020
View Government responses to COVID-19 are making the fight against money laundering harder ǀ View Money laundering will not be at the top of many people’s lists of things to worry about as a result of the coronavirus pandemic. For those of us whose job it is to worry about money laundering generally, however, that job has just got harder. 02/04/2020
View The levy to fight financial crime in the UK could prove a breaking point for regulated firms ǀ View Why it should be the businesses in the regulated sector rather than the state that should have to fund the fight against financial crime? These businesses are the gatekeepers to a financial and economic system that is open to abuse by money launderers and terrorist financiers. 18/03/2020
View The refusal of Zamira Hajiyeva’s appeal is not the victory the NCA think it is ǀ View Enthusiasts for the UK’s still relatively new system of Unexplained Wealth Orders are cheering the recent victory of the NCA against Zamira Hajiyeva in the Court of Appeal. There are, however, at least two reasons why the rest of us should be more circumspect about cheering this particular result. 18/02/2020
View Deploying innovative technology could help combat the dark art of money laundering ǀ View The battle against dirty money is far from over. But adopting innovative technologies to follow money trails could be the solution to ending money laundering in Europe. 11/02/2020
View Customers with blocked accounts are the ones being stung in the fight over money laundering ǀ View UK banks are increasingly freezing their customers’ accounts indefinitely, citing strict anti-money laundering laws. Is it really a price worth paying? 27/01/2020
View Magnitsky sanctions are coming. What form they’ll take depends on the EU and UK ǀ View What exactly do the new EU High Representative for Foreign Affairs, Josep Borrell and UK Foreign Secretary, Dominic Raab mean when they talk about Magnitsky sanctions? The question matters because both have committed to introducing them in their respective jurisdictions in the near future. 23/12/2019
