Nyheter om grå ekonomi och ekonomisk brottslighet

Denmark: IT development houses step up AML efforts

23.5.2019
Danish fnancial IT development houses such as BEC, Bankdata and SDC have increased their focus on fighting money laundering. BEC reports that it spent "a major two-digit DKK sum on AML" in 2018 and...

Germany: Bosch has EUR 90mn fine

23.5.2019
German engineering and electronics company Bosch must pay a fine of EUR 90mn (USD 103.81mn) for its part in the Volkswagen (VW) diesel scandal. Bosch supplied the engine control which was used to...

France: Court orders striking bus drivers to end blockade of depots

23.5.2019
Called on by the transportation company Vectalia, the Perpignan court of summary jurisdiction has ordered the bus drivers on strike since 15 May 2019 to end the blockade of the bus depots. The bus...

Lithuania: Financial police to take more aggressive action on money laundering

22.5.2019
Lithuania's Financial Crime Investigation Service (FNTT) will adopt more aggressive tactics against money laundering, BNS reports. Mindaugas Petrauskas, deputy director of FNTT, said the agency would...

Spain: Axa puts insurance fraud in Andalucia at EUR 11.6mn in 2018

22.5.2019
Insurance group Axa has estimated that in 2018 there was around EUR 11.60mn (USD 13.38mn) in pay outs that were not made because some sort of irregularity or scam was detected. While the number of...

Russia: Positive Technologies on costs of attacks on financial organizations

22.5.2019
Positive Technologies experts estimated the cost of a targeted hacker attack on financial institutions at USD 45,000 (EUR 39,013.98)-55,000. Cybercriminal's investments are paid back after the first...

Lithuania: International police operation busts major drug, arms ring

22.5.2019
An international police investigation has busted a 22-person gang involved in murder, arms and narcotics trade, and money laundering, BNS reports. The operation involved law enforcement agencies in...

Denmark: Danske Bank launches new cyber security tool

22.5.2019
Danske Bank has launched a new so-called Technical Support Initiative (TSI) for its small and medium-sized corporate customers in Denmark. TSI is meant to help the customers in efforts to improve...

Germany: Bafin discovers deficiencies with N26

22.5.2019
The German financial regulator Bafin has discovered deficiencies in measures against money laundering and terrorist financing with the German direct bank N26. The German federal financial supervisory...

UK: Tribunal rules University of Oxford can force older professors to retire

22.5.2019
A tribunal has ruled that the University of Oxford can force older professors to retire under its Employer-Justified Retirement Age (EJRA) policy in a bid to boost diversity. Prof John Pitcher, who...

Russia: Theft of wood for more than RUB 40mn revealed in Leningrad region

21.5.2019
The theft of wood in the amount of more than RUB 40mn (EUR 520,618.84 USD 600,498.78) has been revealed in the Leningrad region. A criminal group acted in the region with assistance of the acting...

Lithuania: Shadow economy totals around EUR 2bn: Swedbank

21.5.2019
Lithuania's shadow economy totals around EUR 2bn, economists at Swedbank estimate. The shadow economy consists largely of businesses hiding taxes, unofficial wages, cigarette and petrol smuggling,...

Lithuania: Vilkyskiu Pienine, Auga Group board member fined for insider trading

21.5.2019
The supervision service of the Bank of Lithuania has imposed a fine of EUR 200,000 on Linas Strelis, board member of the local dairy group, Vilkyskiu Pienine, and agricultural producer Auga Group,...

Denmark: SØIK criticises Jyske Bank and Nordea for poor AML routines

21.5.2019
In Denmark, the State Prosecutor for Serious Economic and International Crime (Statsadvokaten for Særlig Økonomisk og International Kriminalitet, also known as SØIK or Bagmandspolitiet) has...

UK: Financial scammers using celebrity endorsements

21.5.2019
Investors lost GBP 27mn (EUR 30mn USD 35mn) in 2018/19 to crypto-currency and currency trading schemes that turned out to be scams, according to Action Fraud. Many victims said they were sucked in...

Russia: CBR increases cash circulation expenses by 60%

21.5.2019
The Central Bank of Russia (CBR) increased cash circulation expenses in 2018 by 60% YoY to RUB 15.60bn (EUR 203.04mn USD 234.19mn). The amount of cash has grown by 8.1%, the amount of scriptural...

Estonia: Labour Inspectorate forces companies to raise driver wage

21.5.2019
In Estonia, the Labour Inspectorate (Tööinspektsioon, ????????? ?????) and the Tax and Customs Board (Maksu- ja Tolliamet, ????????-?????????? ???????????, MTA) have conducted an inquiry into...

UK: University of Aberdeen approves anti-abortion society after legal action

21.5.2019
The University of Aberdeen has approved the Aberdeen Life Ethics Society (ALES). The Aberdeen University Student Association (AUSA) initially refused to affiliate the anti-abortion society because...

France: Update on bus driver strike in Perpignan

21.5.2019
Drivers on the Sankéo bus network in Perpignan have been on strike since 15 May 2019 to get a wage increase. On 20 May, the decided to block the bus depots of VTI (a Vectalia subsidiary) and Sankéo....

Netherlands: T-Mobile ads can no longer be broadcast

21.5.2019
A Dutch judge has ruled that T-Mobile adverts which claimed that while its competitors raised their prices every year it did not can no longer be broadcast. The judge said that T-Mobile does increase...

Russia: Terra Food and Molochne Divo sign agreement

21.5.2019
Molochne Divo and Terra Food Management Company Ltd, the head company of the manufacturer of dairy products Terra Food, have signed an amicable agreement. Earlier, Terra Food filed a claim with the...

Denmark: Rise of e-commerce an issue for Lego battle against plagarism

21.5.2019
Peter Thorslund Kjær, VP Legal Affairs at Danish toy manufacturer Lego, comments that the company is involved in between 25 to 50 court cases regarding plagiarism of its products every year. He...

Spain: Lithuanians in car crash found with EUR 1mn in cash

20.5.2019
Spanish police found EUR 1mn of cash in a Volkswagen Transporter minivan that crashed on the A-92 highway between Malaga and Granada, Anglija.today reported. Spanish law only allows to carry up to...

Spain: Taxi drivers file lawsuit against Uber and Cabify

20.5.2019
Some 2,000 taxi drivers from all across Spain are to file a lawsuit against car pooling companies Uber and Cabify, and other VTC (hired cars with a driver) licensed companies for eight different...

Russia: Rospotrebnadzor of Chelyabinsk region examines dairy products

20.5.2019
Inspections conducted by Rospotrebnadzor, Russia's consumer rights watchdog, in the Chelyabinsk region (Urals), revealed noncompliance with the current standards and regulations of dairy products of...

Sweden: Holmen criticised for paper life-cycle analysis communication

20.5.2019
The Swedish Recycling Industries' Association (Återvinningsindustrierna) has directed harsh criticism against Swedish pulp and forestry company Holmen for its market communication of a recent...

Montenegro: Atlas Group starts criminal process against CBCG's Governor

17.5.2019
It has been reported that the team of lawyers of the President of Atlas Group, Dusko Knezevic, has submitted a criminal charge to the State Attorney's Office in Podgorica against the Governor of the...

Belarus: State reveals overstatement of cost of replacing elevators in Mogilev

17.5.2019
The state control committee and the Mogilev region's department of financial investigations have revealed the facts of inefficient use of budgetary funds when auditing the Management of municipal...

Sweden: Lyckeby Starch warns it could move production abroad

17.5.2019
Starch producer Lyckeby Starch says that it is prepared to move some of its production out of the EU due an 2018 ECJ decision which is hindering the development of CRISPR crops. Lyckeby Starch and...

Germany: New Edeka smoothie has similarities with True Fruits

17.5.2019
German supermarket operator Edeka is introducing its new own-brand smoothie range named All in Fruits. Its glass bottle, name and marketing strategy are similar to the brand product True Fruits,...