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Business

Welcome to the bizarre world of shell companies

Millions of implausibly registered legal structures pose a risk of money laundering or evasion of tax and sanctions, Euronews was told.

Business

Dubai clearinghouse barred from EU access

The United Arab Emirates appears on the EU’s list of suspect dirty-money jurisdictions.

Business

Iran used UK bank accounts to evade Western sanctions: FT

Two of the UK's biggest banks, Santander UK and Lloyds, provided accounts to British companies with links to Iran's intelligence services.

Europe News

MEPs probe preparations, Russian links in hunt for new laundering agency site

For the first time, the EU is using public hearings to decide where to locate an agency

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Economy

Which is Europe’s most corrupt country?

Transparency International has released its latest report about anti-corruption efforts in Western Europe and the EU.

Business

Which city will host the prized new anti-money laundering agency?

Nine candidates from Madrid to Riga will present their case at a grueling 12-hour hearing next week.

Economy

Why is Cyprus seeing Russian bank deposits plunge?

The change comes as the government seeks to clean up its country’s financial image.

Business

Lawmakers look to new anti-money laundering law to repair EU’s poor reputation

Rules agreed overnight will ban large cash transactions and apply to major football clubs

Business

Lawmakers close in on deal to tackle football’s dirty money

A new EU law set to be agreed Wednesday may mean extra checks for major football clubs, and curbs on cash usage

Business

Financial crime compliance: Trends to watch in 2024

Euronews Business looks at LexisNexis Risk's assessment of the top trends for financial crime compliance that are likely to emerge this year

Business

BNP Paribas caught up in Cyprus-related money laundering investigation

An ongoing investigation targets a Cypriot brokerage firm, in collaboration with one of BNP Paribas' branches, over alleged 'aggravated money laundering.'

The Big Question

The Big Question: Why is it so hard to prevent terrorist financing?

The Chief Financial Economic Crime Officer at Rabobank tells The Big Question’s Hannah Brown: “Behind financial crime, you have crime - drug addiction, terrorist financing and modern slavery. And this money has to enter into the system.”

Business

Anti-money laundering talks collapse amid rifts on football

Legislators have agreed on the shape of a new money laundering agency — but not its location, nor the rulebook it will follow

Economy

EU greenlights creation of anti-money laundering watchdog

The EU still needs to decide where the new agency will be headquartered.

Business

EU on cusp of new money laundering rules

Officials hope revamped laws will draw a line under a series of dirty money scandals

Business

EU’s football money-laundering plan inflamed by Chelsea claims

Lawmakers say allegations of misdealing by ex-owner Roman Abramovich lend credence to their crusade against dirty money in sport, though others urge caution

Europe Decoded

Race to host EU’s money-laundering watchdog AMLA hots up

Heft, geopolitics and money-laundering prowess are all coming into play as cities from Madrid to Vilnius jostle for a new agency

Business

Russian oligarch Kuzmichev detained in France over sanctions probe

Considered by the EU to be one of Russia's most influential people, Alexey Kuzmichev has been detained by French police for questioning.

Switzerland

Daughter of former Uzbek president indicted on corruption charges

The daughter of the late President Islam Karmiov, Gulnara Karimova, is already behind bars in Uzebekistan for charges relating to allegations of money laundering, fraud, and violating the terms of her house arrest.

France

French man who illegally kept rare birds sentenced to 8 months in jail

A man has been convicted of keeping protected bird species in a Pyrenean barn and laundering €80,000