30 tuoreinta uutista

Russia: 48% deal with fraudsters, but trust in banking services grows

18.1.2021
According to a poll conducted by the Central Bank's specialists in August-December 2020, around 30% of the interviewed legal entities and roughly 48% of individuals dealt with fraudsters withdrawing...

Russia: Public budget suffers losses exceeding RUB 450bn over 10 years

18.1.2021
According to the Investigative Committee, losses of the Russian state budget from tax proceeds in the period from 2011 to September 2020 are estimated at more than RUB 450bn (EUR 4.99bn USD 6.08bn)....

Sweden: Postnord warns about fraudulent text messages

17.1.2021
Swedish postal and logistics company Postnord has issued a warning concerning fraud involving text messages claimed to come from Postnord. People are asked to control a delivery by clicking on a link...

Slovakia: Loophole allowing shell companies in tax havens closed

16.1.2021
The Slovak parliament has closed a loophole dating from 2017 that allowed people to transfer income to shell companies in tax havens. Parliament also approved an amendment to the Income Tax Act....

Germany: Meier-Guss and Hydrotec Technologies fined EUR 6mn by Bundeskartellamt

15.1.2021
Meier-Guss and Hydrotec Technologies, two of Germany's leading manhole cover manufacturers, have been fined around EUR 6mn (USD 7.31mn) by Bundeskartellamt, Germany's federal antitrust authority,...

Lithuania: Volume of contraband cigarettes seized doubles in 2020

15.1.2021
Lithuania's Customs Department seized 16.6mn packs of contraband cigarettes in 2020, which was a double increase from 8.2mn packs in 2019. The total value of the smuggled cigarettes was nearly EUR...

Sweden: FSA to assess AML efforts of four companies

15.1.2021
The Swedish Financial Supervisory Authority (Finansinspektionen) has announced that it will assess the anti-money laundering efforts of Western Union, Ria, Small World, and Moneygram. The assessments...

UK: SFO ends investigation into bribery by British American Tobacco

15.1.2021
The UK's Serious Fraud Office (SFO) has terminated its investigation into British American Tobacco (BAT), as well as its subsidiaries and associated persons. It was investigating the company over...

Finland: Metsä Fibre sentenced to pay EUR 50,000 for occupational safety offence

15.1.2021
In Finland, Satakunta District Court has sentenced Metsä Fibre, part of Finnish forest industry company Metsä Group, to a community fine of EUR 50,000 for an occupational safety offence. The...

Germany: Hochland refrains from using free range cows in cheese advertising

15.1.2021
German cheese manufacturer Hochland will refrain from advertising its cheese brand Grünländer Käse with free range cows due to the intervention of consumer rights and competition watchdogs. The...

Estonia: Suspects in Porto Franco corruption case under arrest

14.1.2021
The Estonian businessman, Hillar Teder, and Kersti Kracht, former adviser to the Estonian Finance Ministry, have been placed under arrest due to their alleged involvement in corruption activities...

Germany: Pauls temporarily removed from duty at Commerzbank

14.1.2021
Heike Pauls, an analyst at Commerzbank, has been temporarily relieved of her duties. She recommended Wirecard shares up until shortly before its insolvency and dismissed the Financial Times reports...

Hungary: Court orders arrest of the ex-CEO of Tuke Busz

14.1.2021
In Hungary, the court of Kaposvar has ordered the arrest of the ex-CEO of the local coach operator Tuke Busz for fraud related to the purchase of used buses from Netherlands. As a result, the local...

Russia: UMoney by order of CBR suspends some international payments

14.1.2021
UMoney service, previously Yandex.Money, which belongs to Sberbank (Sber), by order of the Central Bank of Russia (CBR) for six months has suspended payments from individuals to non-resident...

Lithuania: Central bank to inspect 35 financial market participants in 2021

14.1.2021
The Financial Market Supervision Service (FRPT) of the Bank of Lithuania plans to carry out inspections of 35 financial market participants to assess their compliance with legislative requirements in...

Russia: FAS fines Kvadrat-S for competition law violation

14.1.2021
The Federal Antimonopoly Service (FAS) of Russia has fined the Kvadrat-S company on the grounds of violation of the law on protection of competition. The amount of the fine is RUB 250,000 (EUR...

Russia: Share of counterfeit furniture rises to 20% in 2020

13.1.2021
According to the Association of Furniture and Woodworking Enterprises of Russia, the share of counterfeit furniture increased to 20%, i.e. RUB 40bn (EUR 443.14mn USD 540.01mn), in 2020. The share...

UK: Farmers face growing threat of cybercrime

12.1.2021
Farmers have been warned of the rising threat of cybercrime as more people use online tools to run their businesses. One or more digital attack was reported by 60% of agricultural businesses in 2019,...

Latvia: Parlt committee approves amendments to money laundering law

12.1.2021
The Defence, Internal Affairs, and Corruption Prevention Committee of the Latvian parliament, the Saeima, has approved of amendments to the Law on the Prevention of Money Laundering, Terrorism, and...

Lithuania: Court rejects Šiauliu Bankas complaint against regulatory fine

12.1.2021
Lithuania's Vilnius Regional Administrative Court rejected a complaint from Šiauliu Bankas against the Bank of Lithuania's decision to fine the bank in 2019. The central bank imposed a fine of EUR...

Austria: Consumers warned against internet vaccines

12.1.2021
Austrian consumers have been warned not to buy coronavirus vaccines off the internet. The chemist organisation Österreichische Apothekerkammer said that any vaccines on the internet must be fakes....

Russia: CBR assesses risks of unfair actions in OSAGO sector in regions

11.1.2021
The Central Bank of Russia (CBR) has published the results of monitoring the regional risks of unfair actions in OSAGO motor insurance. The maximum negative financial balance in the OSAGO motor...

France: Competition authority suspects wine and spirits companies set prices

11.1.2021
The competition authority is investigating three major wine and spirits companies suspected of setting prices, including Marie Brizard and Copagef, the parent company of Castel Frères, with Baron de...

Latvia: Police strikes against money laundering flower business

11.1.2021
A criminal process directed against a money laundering operation disguised as a flower business in Latvia's capital Riga has resulted in the confiscation of EUR 4.5mn in property and finances, the...

Hungary: Jofogas warns clients over phishing attempt

11.1.2021
The Hungarian online marketplace Jofogas has warned its clients over phishing attempts experienced recently. Jofogas requests its clients not to open links sent in private emails for payment purposes...

Slovakia: Supreme Court confirms verdict in TV Markiza case

11.1.2021
The Supreme Court in Slovakia has confirmed the verdict of the Specialised Criminal Court in the TV Markiza promissory notes case. Businessmen Marian Kocner and Pavol Rusko were sentenced to 19 years...

Hungary: GVH ends investigation into stake of Spar in Tesco

11.1.2021
The Hungarian competition office GVH has ended the investigation launched into a stake of the Austrian-owned supermarket retail chain Spar in the local subsidiary of the UK-owned hypermarket retail...

Slovakia: Penta co-founder Hascak released from custody

7.1.2021
On 7 January 2021 the Slovak Supreme Court released the co-founder of Czech and Slovak financial group Penta, Jaroslav Hascak, from custody after it cancelled the decision of the Specialized Criminal...

Lithuania: Food regulator orders peanut butter maker to change brand name

6.1.2021
Lithuania's State Food and Veterinary Service (VMVT) has ordered the local food producer, Sviestas Sviestuotas, to change its name. VMVT said the brand name, Sviestas Sviestuotas ("Buttered Butter"),...

Spain: Royal connection brings Mirabaud case into the spotlight

18.1.2020
Little was known about Swiss bank Mirabaud in Spain until recently, when its association with the country's King Emeritus, Juan Carlos I, became public. The bank has four offices in the country and...