30 tuoreinta uutista

Sweden: Swedbank's credit rating lowered

27.3.2020
S&P Global Rating's credit rating of Swedish bank Swedbank has been lowered to A+ from previous AA-. This is due to the bank's shortcomings in the work to combat money laundering, as revealed in...

France: AMF and ACPR warn against opportunistic fraud

26.3.2020
French stock market authority Autorité des marchés financiers (AMF) and the prudential authority Autorité de contrôle prudentiel et de résolution (ACPR) have warned the public against fraud in this...

UK: Post Office convictions sent to Court of Appeal

26.3.2020
A number of convictions for theft, fraud and false accounting against former sub-postmasters and postmistresses are to be sent to the Court of Appeal. The accusations were made following the...

Sweden: Charges against Skanska for suspected use of unreported employees

26.3.2020
Swedish construction company Skanska is facing fines due to its suspected use of unreported employees. A prosecutor pressed charges against Skanska in February 2020, following reports about one of...

UK: Survey shows 26% of charities reported cyber attacks in 2019

25.3.2020
The Department for Digital, Culture, Media & Sport has published the Cyber Security Breaches Survey, revealing that 57% of charities with annual incomes of more than GBP 500,000 (EUR 568,139.39...

UK: DfE issues warning over free school meal fraud

25.3.2020
The Department for Education (DfE) has issued a warning to schools and councils regarding a free school meals fraud. Fraudsters are sending emails to parents requesting their bank details so that...

Russia: Lavina plant's milk and sour cream found to be adulterated

25.3.2020
An inspection conducted by the department of Rosselkhoznadzor (Russia's agricultural watchdog) in the Ryazan region in the Central Federal District has revealed violations at the Lavina milk...

UK: ASA bans Three advert for 5G service

25.3.2020
The Advertising Standards Authority (ASA) has ruled that Three's advertising campaign for its 5G service is misleading and should not appear again in its current form. The campaign featuring...

Hungary: NAV impounds leaf tobacco in Debrecen

24.3.2020
The Hungarian tax and customs authority Nemzeti Ado- es Vamhivatal (NAV) has impounded some 6.5 tonnes of illegal leaf tobacco. The products were discovered in the Hungarian city of...

Lithuania: Israel's Clearshift obtains EMI licence

24.3.2020
Lithuania's central bank, the Bank of Lithuania, has granted an electronic money institution (EMI) licence to the Israeli global currency payment provider, Clearshift. The company plans to...

Sweden/Baltic: Swedbank accused of active money laundering

23.3.2020
In a new report by lawyer firm Clifford Chance, Swedbank is accused of having taken an active role in money laundering in the Baltic States. This was part of the bank's strategy until 2016, the...

Sweden: Swedbank to cancel severance pay to Birgitte Bonnesen

23.3.2020
The Board of Swedish bank Swedbank has decided to cancel the agreement of severance pay to the bank's outgoing President and CEO Birgitte Bonnesen. The decision was taken due to the information in...

Sweden/Baltics: Report on high-risk customers in Swedbank published

23.3.2020
High-risk customers in Swedish bank Swedbank have completed transaction in the total amount of EUR 37bn (USD 42.68bn) in the period 2014 to 2019, mainly in the Baltic subsidiaries. This is stated in...

France: Market authority warns against whisky investments sites

23.3.2020
The French Financial Market Authority (AMF) has blacklisted several unauthorised websites in France advertising investment opportunities in whisky, following alerts from investors. No whisky...

Russia: FinExpertiza analyzes data on entrepreneurs accusations

23.3.2020
According to FinExpertiza audit and consulting chain, 27% of entrepreneurs were accused in selling harmful goods and services in H1 2019. About 20% of guilty verdicts were passed for illegal...

France: Court of Audit on how to fight counterfeiting

23.3.2020
Counterfeiting represents the loss of EUR 2bn (USD 2.31bn) to EUR 10bn in tax income for France per year as well as 38,000 jobs. The growth in sales of counterfeit products is facilitated by the...

Germany: MM Warburg confirms appeal against repayment order

22.3.2020
German private bank MM Warburg has confirmed that it has lodged an appeal against a judgment by the regional court in Bonn, Germany, ordering it to pay back EUR 176mn (USD 203mn) in relation to...

Sweden: Continued military equipment exports to non-democracies

21.3.2020
Figures from the Swedish National Inspectorate of Strategic Products (Inspektionen för strategiska produkter, ISP) show that Swedish exports of military equipment amounted to about SEK 16.30bn (EUR...

Lithuania: Customs seizes contraband cigarettes worth EUR 4.6mn

20.3.2020
Lithuanian customs officers have seized a shipment of 2,520 packs of contraband cigarettes on trucks coming from Latvia. The trucks contained counterfeit Belarusian NZ cigarettes worth around EUR...

Lithuania: Swedbank not suspected of involvement in major money laundering

20.3.2020
Lithuania's central bank, the Bank of Lithuania, did not suspect the Lithuanian branch of Sweden's Swedbank of involvement in large-scale money laundering, BNS reported. Jekaterina Govina, executive...

Romania: Government passes first set of economic measures in light of covid-19

20.3.2020
The Government of Romania passed on 18 March 2020 the first set of economic measures following the outbreak of the coronavirus earlier in 2020 after a ten-hour decision-making session. The measures...

Russia: Stroydetal withdraws claim against Chelyabinsk Zinc Plant

20.3.2020
The plant Stroydetal (Magnitogorsk, Urals) has withdrawn the claim against UMMC-owned Chelyabinsk Zinc Plant (CZP). The case has been closed. Prior to this, Stroydetal filed the claim with the court...

Russia: FAS fines Sandoz for infringement of law on advertising

20.3.2020
FAS has admitted that Sandoz violated the law on advertising. In advertising Broncho-Munal medicine, the company claimed that it reduces the risk of complications, in particular, in the form of...

Global/Czech Republic: Avast warns about cyber attacks on mobile phones

19.3.2020
Antivirus software giant Avast has warned that hackers are targeting mobile phones with fake coronavirus information and apps containing ransomware, spyware and Trojan horse viruses. These are not...

Sweden: Swedbank receives record-high fine

19.3.2020
The Swedish Financial Supervisory Authority (Finansinspektionen, FI) has imposed a fine of SEK 4bn (EUR 382.64mn USD 441.35mn) on Swedish bank Swedbank on charges of money laundering in the Estonian...

UK: Opportunistic insurance fraud fuelled by coronavirus outbreak

19.3.2020
The counter fraud detector of BAE Systems Applied Intelligence has predicted that there will be an increase in opportunistic insurance fraud as a result of the UK's current focus on public safety,...

Estonia: Criticism of exaggerated AML efforts by Swedbank and SEB

19.3.2020
In an interview with Swedish newspaper Svenska Dagbladet, Andres Sutt and Maris Lauri, MPs on behalf of the Estonian Reform Party, state that the anti-money laundering efforts launched by Swedish...

Germany: Bayern Ei's Pohlmann convicted of fraud and negligence

18.3.2020
The former CEO of German egg company Bayern Ei Stefan Pohlmann has been convicted of causing bodily harm through negligence and fraud. He knew that the eggs had tested positive for salmonella and...

UK: ASA ban BT adverts

18.3.2020
The Advertising Standards Authority (ASA) has banned several BT adverts for its home Wi-Fi offering. The advertising watchdog said the adverts, which were shown in January 2019, were misleading. The...

UK: ASA uphold O2 Refresh complaints

18.3.2020
The Advertising Standards Authority (ASA) has upheld three complaints against O2. The complaint was submitted by Virgin Media and Three UK. The ASA ruled O2's promotional activity for its Refresh...