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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

13/11/2023

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.

31/10/2023

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.

28/09/2023

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

02/05/2023

Money

Crypto lender Nexo faces organised crime probe in Bulgaria

Nexo’s offices in Sofia were raided by authorities on Thursday as part of an investigation that alleges the crypto company is involved in money laundering, tax crimes and computer fraud.

13/01/2023

Denmark

Danske Bank fined €470m over international money laundering scandal

The Danish bank had already admitted to defrauding US-based banks in a multi-billion-dollar scheme to gain access to the US financial system.

14/12/2022

Money

Two Estonians accused of €560 million cryptocurrency fraud scheme

The suspects allegedly defrauded victims by luring them into entering fraudulent equipment rental contracts with a cryptocurrency mining service and investing in a fake virtual currency bank.

21/11/2022

Spain

Spain arrests 32 allegedly linked to Italy’s ’Ndrangheta mafia gang

The group is accused of large-scale drug trafficking and money laundering.

20/09/2022

Spain

One of Europe's most wanted money laundering suspects arrested

The man is accused of laundering more than €200 million for criminal organisations.

15/09/2022

United Kingdom

UK fails to tackle Russian 'dirty money' despite sanctions — MPs

Corrupt money has continued to flow into the UK despite ministers' rhetoric about clamping down on kleptocrats, says an all-party parliamentary committee.

30/06/2022

Denmark

Lithuanian woman jailed for laundering €4 billion through Danske Bank

The 29.5 billion kroner laundered through the bank's Estonian branch is the largest amount in such a case, prosecutors say.

23/06/2022

Hungary

Hungarian police raid 24 homes linked to money laundering network

Sixteen people were arrested and five accused of moving 44 million euros - mostly obtained through fraud and cryptocurrency scams - through bank accounts in Europe, South America and Australia.

31/05/2022

Culture news

Former Louvre director charged for art trafficking

Jean-Luc Martinez has been preliminarily charged in connection with alleged antiques trafficking during his tenure as head of the world's most famous museum.

26/05/2022

Spain

Three German fugitives arrested in Spain over money laundering scheme

The suspects had been on the run from German authorities since 2021, Europol said.

05/05/2022

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