Monday, January 25, 2021

Europe

Irish charity Goal ex-employee pleads guilty to bribery involving aid contracts

A former employee of Irish charity Goal has pleaded guilty to bribery in a substantial bid-rigging case involving the charity’s aid programme in Syria. In a plea hearing in Washington on Wednesday, Ernest Halilov — who worked as a logistics...

Pope Francis strips Vatican secretariat of state of financial assets

Pope Francis has formally stripped the Vatican secretariat of state of its financial assets and real estate holdings following its bungled management of hundreds of millions of euros in donations and investments that are now the subject of a...

How will Brexit impact sanctions and money laundering rules?

As the UK prepares for a future outside of the EU, one of the areas financial services companies in particular have to consider is sanctions. As of 11pm on the 31st December 2020, the UK will no longer subject to...

Malta’s Appeals Court slash Satabank’s €3.7m money laundering fine to €851,000

The Appeals Court has reduced a €3.7 million fine imposed by the Financial Intelligence Analysis Unit on Satabank to €851,000 after it ruled that the fines had to be capped at 10 per cent of the bank’s turnover. While the...

Turkish parliament approves oversight law for NGOs in fight against money laundering

Turkey’s parliament on Sunday approved a controversial law approving the oversight of associations and foundations, which critics say will stifle NGOs and damage civil society. It gives the state the power to replace the boards of NGOs with trustees, as...

French investigators to question ex-Nissan chief Carlos Ghosn in Lebanon

A team of French investigators will come to Beirut next month to participate in interrogating former Renault-Nissan boss Carlos Ghosn, a Lebanese justice ministry official said Saturday. The official gave no specific date or details of what information the investigators...

Explainer: What Does the Brexit Deal Mean for Financial Services?

The U.K. government and the European Union have agreed a trade deal to replace current arrangements which end on New Year’s Eve when the Brexit process is completed. Britain left the European Union on Jan. 31 but kept EU legislation...

Romanian police declare Prince Paul-Phillipe al Romaniei wanted in corruption case

Paul-Phillipe al Romaniei, also known as Prince Paul of Romania, the grandson of King Carol II of Romania, has become a wanted person as the Police are trying to get him to jail, where he has to serve a...

Pakistan flagged as a major contributor of dirty money to UK

Pakistan is among a number of countries flagged as using luxury properties and precious jewellery as a guise for funnelling "dirty money" to the UK by an official report collated by the British authorities. The 'National risk assessment of money...

Former Madrid town mayor sentenced to two years in prison for bribery

THE Provincial Court of Madrid has sentenced former mayor of Brunete, Borja Gutiérrez, to two years in prison for bribery. A local police corporal has also been jailed for 18 months for the same crime. The court heard that Gutiérrez offered...

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