News about the shadow economy and economic crime

Netherlands: Councils use Bibob regulation to screen solar plant developments

8/16/2019
Local councils in the Netherlands have expressed concerns about the flow of funds in the solar energy sector. Councils use the money laundering regulation Bibob to screen the integrity of solar power...

Russia: Damage from illegal logging in Buryatia exceeds RUB 300mn

8/15/2019
Damage from illegal logging in the Republic of Buryatia (Far East) since early 2019 has exceeded RUB 300mn (EUR 3.90mn USD 4.50mn). Nearly 700 cases of logging were revealed. Regional authorities...

Europe: LATAM seeks to overturn or reduce collusion fine

8/15/2019
Chilean airline LATAM has confirmed that it is waiting for the European Court of Justice to issue its verdict regarding a possible fine cancellation or reduction. On 12 July 2019, the company took...

UK: University of Cambridge sued by graduate over sexual harassment case

8/15/2019
The University of Cambridge is being sued by graduate Danielle Bradford for allegedly pressurising her to drop a sexual harassment claim against an older student in a supervisory role. She claims...

Lithuania: Prosecutor finds Lithuanian companies did not violate sanctions rules

8/14/2019
The Lithuanian Prosecutor General's Office has announced that it has been unable to find any evidence supporting charges that several Lithuanian companies are violating EU sanctions regulations...

UK: Pension scammers switch tactics

8/14/2019
New figures suggest pension scammers are changing their tactics. The number of pension fraud cases was just 345 in 2018, compared with 1,828 in 2013, meanwhile the number of investment fraud cases...

UK: NCA freezes funds from suspected corruption overseas

8/14/2019
The National Crime Agency (NCA) has frozen more than GBP 100mn (EUR 113.63mn USD 131.06mn) suspected to have been imported from corruption and bribery overseas. Account freezing orders have been...

Germany/UK: HSBC to target German clients and invest in digitalisation

8/14/2019
Noel Quinn, interim CEO of UK bank HSBC, is aiming to transform the bank into a leading international business bank and wants to target in particular German companies as potential new customers. The...

Ukraine: Court upholds fine on Shell filling stations

8/14/2019
According to the decision of the Commercial Court of Kiev, the Alliance Holding company developing the Shell chain of filling stations will pay a fine worth UAH 79.40mn (EUR 2.44mn USD 2.81mn) for...

Russia: Wimm-Bill-Dann continues appealing fine for adulteration

8/14/2019
Wimm-Bill-Dann (PepsiCo group) has filed an appeal against the decision issued by the arbitration court of the Altai region (Siberia) on adulteration of Lamber cheese at Rubtsovsky Dairy Factory. As...

UK: ASA upholds Tesco complaint against Lidl advert

8/14/2019
The Advertising Standards Authority (ASA) has banned a Lidl press advert following a complaint by Tesco. The advert, which was displayed between 15 January and 19 January in the Belfast Telegraph,...

UK: ASA bans VW, Philadelphia ads

8/14/2019
The Advertising Standards Authority (ASA) has banned two television adverts from Volkswagen and food company Mondelez under new gender stereotyping rules. The Volkswagen advert showed a woman sitting...

Latvia: Tokyo City restaurant managers confesses to paying informal salaries

8/13/2019
According to the Latvian prosecutor, the two managers of Latvian restaurant chain Tokyo City, Dace Gaspazina-Korecka and Guna Rozicka, accused of evading taxes and of paying informal salaries to...

Spain: Illicit tobacco sales down in Q2

8/13/2019
In Spain, the sale of illicit tobacco, which has not paid any sort of tax, represented 8.1% of the boxes of tobacco consumed in the second quarter of 2019. That represents a 1.3 percentage point...

UK: FCA delays introduction of Strong Customer Authentication

8/13/2019
A new system designed to combat fraud in online shopping was scheduled to be introduced by banks and retailers in the UK from mid-September 2019. However, the Financial Conduct Authority (CA) has now...

Russia: Lenta retail chain reports receiving blackmail video

8/13/2019
The Lenta retail chain says that it has received a blackmail video. A demand was made that funds worth USD 500,000 (EUR 433,489) be transferred in bitcoins. An anonymous person threatens to poison...

Germany: Illegal practices impact economy

8/13/2019
According to a study by German think tank Institut der Deutschen Wirtschaft (IW), moonlighting, corruption and cartels have a substantial negative impact on the German economy and cause turnover...

Netherlands: Van Lanschot-Kempen loses court case against CBRE

8/13/2019
Dutch bank Van Lanschot-Kempen is in disagreement with its landlord CBRE regarding the renovation of the office building in Zuidas. Employees of the bank suffer noise pollution from the works, but...

Russia: Butter of Ozeretsky Dairy Plant declared adulterated

8/13/2019
A inspection conducted by Rosselkhoznadzor, Russia's watchdog for agriculture, in the Primorsky region (Far East) has revealed vegetable fats in butter of Ozeretsky Dairy Plant. Samples of butter...

UK: ASA bans Philadelphia cream cheese advertisement due to discrimination

8/13/2019
The UK's Advertising Standards Authority (ASA), on 7 August 2019, banned a Philadelphia cream cheese advertisement by food company Mondelez UK for gender discrimination. The advertisement showed...

Czech Republic: Posta warns about fake emails containing virus

8/12/2019
Czech state mail company Ceska Posta (CP) has warned its customers that a number of fake emails under the Ceska Posta logo have been sent. CP advises not to open and reply to the message that falsely...

UK: Fraudsters use Charity Commission details in scam

8/12/2019
The Charity Commission has said it is aware that fraudsters are using its name and details in an attempt to defraud individuals and organisations in the US and South Korea. Fraudulent letters have...

Czech Republic: Court orders UOHS to make decision on toll tender soon

8/12/2019
Brno Regional Court has ruled that the Czech antimonopoly office UOHS has to decide the case of Kapsch against the country's road toll tender result by 9 September 2019 at the latest. In May 2019,...

Czech Republic: Court orders Alza to apologise to Heureka

8/12/2019
Prague Town Court has ruled that e-shop Alza.cz has to apologise to Czech price comparison site Heureka.cz for calling Heureka risky and non-viable for online retailers in the Czech Republic. In...

Russia: Former head of Antipinsky Oil Refinery denied USD 10mn bonus

8/12/2019
Former head of the Antipinsky Oil Refinery Gennady Lisovichenko has been denied USD 10mn (EUR 8.67mn) of bonuses from the refinery and USD 2mn of compensation for their non-payment. Previously, he...

Ukraine: Ilegal vodka market in January-June 2019

8/12/2019
According to the Association of Distribution Network Suppliers, in January-June 2019 the illegal vodka market in Ukraine totalled UAH 15bn (EUR 460.09mn USD 530.68mn). Legal production is estimated...

UK: Google facing legal action over search algorithm

8/12/2019
Google is facing legal action over its search algorithm. Christopher Wheat claims the algorithm has breached his copyright on photos he took of celebrities. Wheat has secured permission to appeal an...

Russia: Criminal case initiated against workers of Promoil group

8/9/2019
A criminal case on suspicion of fraud on a particularly large scale has been initiated against workers of Promoil group (manufactures machine tools, Perm region, Volga). As part of the contract with...

Czech Republic: Unlicensed cryptocurrency firms to face hefty fines

8/8/2019
The Czech Republic has announced that cryptocurrency companies will be fined USD 560,000 (EUR 485,507.32) if they are found not to be registered with the Trade Licensing Office in future. The fine is...

Italy: Sergio Rossi wins counterfeit product lawsuit

8/6/2019
Sergio Rossi, the Italian luxury footwear brand, has issued a statement published on one page of the Italian daily, Corriere della Sera, to reiterate that it continues its legal battle for the...