Saturday, September 18, 2021

Europe

President Poroshenko’s offshore firm targeted in money laundering case linked to Panama Papers

The Financial Investigation Agency of the British Virgin Islands has investigated President Petro Poroshenko’s Prime Asset Partners offshore firm, which is registered there, suspecting it of money laundering, according to a leak of documents from Panama’s Mossack Fonseca registrar known...

Former Romanian senator and minister gets three years prison for bribery

Former Romanian senator Dan Sova, who also served as a transport minister in the Victor Ponta cabinet, was sentenced to three years in jail, no parole, for influence peddling and bribery. The High Court’s decision is final and Sova turned...

Spain’s King Felipe VI brother-in-law reports to jail after conviction for corruption

Inaki Urdangarin, the brother-in-law of Spain’s King Felipe VI, entered jail on Monday to serve a sentence of five years and 10 months after he was convicted last year in a corruption trial on counts including fraud and influence...

Bank of Latvia governor faces prosecution in bribery case

Latvia’s anti-corruption body on Monday asked prosecutors to launch a prosecution against a Bank of Latvia official following a bribery investigation into governor Ilmars Rimsevics. The Corruption Prevention and Combating Bureau (KNAB) said in a statement it had “sent...

EU starts open probe into Malta anti-money laundering agency over Pilatus bank

The European Banking Authority has opened a formal investigation into “shortcomings” over how Malta’s Financial Intelligence Analysis Unit (FIAU) enforced anti-money laundering rules at Pilatus bank. Malta’s regulators imposed a freeze on the business of Pilatus Bank in March after...

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