Nyheter om grå ekonomi och ekonomisk brottslighet

Denmark/Estonia: Danske Bank caught using gold bars to launder illicit money

11.11.2019
At the height of the Danske Bank money laundering scandal, the bank's Estonian branch started offering gold bars mainly to rich Russian customers to keep their fortunes hidden, Bloomberg reports....

UK: Charity Commission investigates Spac Nation

10.11.2019
The Charity Commission has launched an investigation into Spac Nation, a south London church accused of having put pressure on parishioners to take out fraudulent loans and donate the money to the...

Italy: Deutsche Bank fined and ex-manager sentenced in MPS scandal

10.11.2019
A court in Milan, Italy, has fined Germany's Deutsche Bank EUR 3mn (USD 3.46mn) in relation to illegal derivative deals with scandal-hit Italian bank Monte dei Paschi di Siena (MPS). The court also...

Netherlands: RedStar and Kubo in court over fraud

10.11.2019
Dutch tomato grower RedStar and greenhouse company Kubo are in court over accusations of fraud connecting to a EUR 10mn (USD 11.53mn) subsidy for an Ultra Clima greenhouse from 2014. However, the...

UK: Google making millions from scam companies

9.11.2019
An investigation by the Times newspaper has found that Google is making millions of pounds from scammers using its search engine to promote high-risk or potentially fraudulent schemes. Google...

Sweden: Police wants more insight into Swish to stop money laundering

8.11.2019
The Swedish Police requests that the Ministry of Justice review existing anti-money laundering regulations and recommend that the regulations should cover Swish and similar services. Swish is a...

Italy: Ex Banca MPS's executives are sentenced to prison

8.11.2019
The court of Milan has condemned with a prison sentence of seven years and six months the former Chairman of the Italian bank, Banca MPS, Giuseppe Mussari, with the first-degree lawsuit for the...

Russia: Roslesinforg reveals cases of illegal logging with volume of 980,000 m3

8.11.2019
Roslesinforg has conducted large-scale remote monitoring of forests on nearly 140mn ha. As part of complex monitoring (unites traditional and continuous) 1,888 cases of illegal logging with a volume...

Denmark: Minister presents new anti-money laundering initiative

8.11.2019
Danish Justice Minister Nick Hækkerup has presented a new forum called "Operativt Myndighedsforum" that aims to support Danish authorities' fight against money laundering, terror financing and VAT...

UK: Degree-educated savers face greater risk of pension fraud

8.11.2019
A survey by regulators shows a greater risk of pension fraud for degree-educated savers than those without the qualification. People with larger pension pots are often targeted by fraudsters, with...

Lithuania: State loses EUR 1bn per year due to shadow economy: auditor

8.11.2019
The Lithuanian state loses around EUR 1bn in VAT revenue every year due to the shadow economy, Deputy Auditor General Zivile Simonaityte said. Speaking at a conference at the Lithuanian parliament,...

UK: NCA receives record number of reports about suspicious financial activity

8.11.2019
Between April 2018 and March 2019 the National Crime Agency (NCA) received a record 478,437 suspicious activity reports (SARs), up 3% on the previous year. The reports highlight suspicious financial...

UK: Royal Mail makes high court application to block strike action

8.11.2019
Royal Mail has announced that it will attempt to block industrial action by employees by making an application to the high court. It believes there are potential irregularities in a recent ballot by...

Denmark: Danske Spil accused of violation of marketing laws

8.11.2019
Danish national lottery company Danske Spil has been reported to the police by the Alliance Against Gambling Addiction (Alliancen mod Spilafhængighed) for violation of marketing laws. According to...

Sweden: Swedbank participates in new episode of Uppdrag Granskning

7.11.2019
In a press release, Swedbank announced that it has participated in an interview in an upcoming episode of Uppdrag Granskning, the investigative TV show which in February 2019 exposed the alleged...

Latvia: Yanukovych aide, sister secret shareholders of Trasta komercbanka

7.11.2019
According to investigative journalism collective Organized Crime and Corruption Reporting Project (OCCRP), the now defunct Latvian bank Trasta komercbanka, closed in 2017, was secretly owned by a...

Russia: FAS finds transfer of land ownership rights in St. Petersburg illegal

7.11.2019
FAS of St. Petersburg has found illegal receiving strategic investor status by Novye Territorii Development, a part of Plaza Lotos Group. The status allowed it to acquire two land parcels with total...

Netherlands: Harsco to appeal against fine ruling

7.11.2019
Harsco Environmental, a company which processes slag on the Tata Steel site in Wijk aan Zee in the Netherlands, is to appeal against the Haarlem court's ruling that the company does have to pay the...

Russia: Lawsuit on illegal font usage filed against Agro-Alliance

7.11.2019
Art. Lebedev Studio has filed a lawsuit on illegal Kementina font usage against Agro-Alliance wholesale crops distributor. Allegedly, the font has been used on the renewed packages of one of the...

Russia: Krasnodar region estimates damages in cases of defrauded co-investors

6.11.2019
According to the Ministry of Internal Affairs of Krasnodar region, South, 52 criminal cases were brought by defrauded co-investors against 88 people in 2019. Damages from their actions were estimated...

Latvia: CPCB probes Preili Municipality heads

6.11.2019
According to Latvian media information, the Latvian Corruption Prevention and Combating Bureau (Korupcijas noveršanas un apkarošanas birojs, KNAB, CPCB) may have arrested the mayor and deputy mayor...

Serbia: Tax fraud reaches RSD 13bn in 2019

6.11.2019
Tax Authority of Serbia has reported that in the first ten months tax fraud reached around RSD 13bn (EUR 109.41mn USD 126.20mn), an increase of 59% year-on-year. As a result, over 1,160 criminal...

Austria: No charges brought against ex-CEO of Novomatic

6.11.2019
Prosecutors in Austria have confirmed that they are not planning to charge Franz Wohlfahrt, former CEO of gaming company Novomatic, even though he had asked Novomatic's subsidiary AGI to pay a fake...

Sweden: Major banks rank poorly on consumer confidence index

6.11.2019
Major banks Nordea, Danske Bank and Swedbank rank poorly in this year's consumer confidence survey about banks by Nordic Brand Academy, part-owned by Stockholm University. The most remarkable change...

UK: ASA investigates BrewDog advertising campaign

6.11.2019
The Advertising Standards Authority (ASA) has launched an investigation into the 'Sober as a motherfu' outdoor campaign by BrewDog. The move follows complaints that the campaign could be seen by...

Slovakia: Milan Filo denies knowledge of promissory notes

5.11.2019
Slovak businessman Milan Filo has denied knowledge of allegedly forged promissory notes worth EUR 69mn (USD 79.59mn) related to TV Markiza, of which he was co-owner. Frantisek Mojto also denies...

Austria: Anglo Austrian AAB Bank faces withdrawal of license

5.11.2019
Austria-based Anglo Austrian AAB Bank is facing the possible withdrawal of its banking license. The European Central Bank (ECB) has been looking into the possibility for around six months. The...

EU: Average number of cars stolen across bloc

4.11.2019
According to Eurostat data, the EU countries with the fewest cars stolen in the period between 2015 and 2017 were Denmark (four for each 100,000 residents) and Romania (15 for each 100,000...

Portugal: GNR seizes illegal liqueur

4.11.2019
The Portuguese police forces Guarda Nacional Republicana (GNR), have seized a consignment of 6,500 litres of liqueur from an independent producer based in Alijo, whose trade permit was missing and...

UK: A third of gold jewellery being sold online could be fake, says BHC

4.11.2019
Data from the British Hallmarking Council (BHC) showed that more than a third of gold jewellery being sold on sites like Preloved and Amazon in the UK are suspected to be unhallmarked, and thereby...