Nyheter om grå ekonomi och ekonomisk brottslighet

Germany: Maple Bank managers' trial begins

17.5.2021
It is alleged that cum/ex deals at now insolvent German commercial bank Maple Bank cost the tax authorities almost EUR 389mn (USD 472.45mn) between 2006 and 2010. The trial of the former bank head,...

Germany: Court rules on AllergoSan's advertising of probiotics product

17.5.2021
The regional court in Munich, Germany, has ruled that Austrian food supplements producer Institut AllergoSan (AllergoSan) cannot advertise its probiotics product Omnibiotic 10 with the slogan "with...

UK: SFO to investigate GFG Alliance

15.5.2021
The Serious Fraud Office (SFO) has opened an investigation into Sanjeev Gupta's GFG Alliance. The SFO said it would investigate suspected money laundering, fraud and fraudulent trading involving...

France: Christian Louboutin files complaint against Amazon

15.5.2021
French luxury footwear brand Christian Louboutin has filed a complaint against the European arm of US e-commerce giant Amazon. The complaint alleges that the company's products are counterfeited....

UK: Grovelands acquired by Davies Group

14.5.2021
Grovelands, a UK-based consultancy and resourcing firm specialising in financial crime, fraud, regulatory transformation and remediation projects, has been acquired by Davies, a specialist technology...

France: Total ordered to pay bonus to Sasca staff

14.5.2021
French oil and gas company Total's Chief Executive Officer (CEO), Patrick Pouyanne, has been ordered by the Creteil Judicial Court to pay an additional EUR 1,100 (USD 1,335.97) to some 200 employees...

UK: DWP figures highlight cost of benefit system fraud and error

13.5.2021
Department for Work and Pensions (DWP) figures estimate that 3.9% of benefits spending was overpaid during 2020-21, up from 2.4% the year before. Fraud, mainly linked to Universal Credit claims,...

France: Carrefour Bank fined EUR 1.50mn

13.5.2021
Carrefour Bank, which is 60% owned by Carrefour and 40% by BNP Paribas, was fined EUR 1.50mn (USD 1.82mn) for 12 anti-money laundering grievances. The ACPR stressed the seriousness of breaches...

Russia: 81% of companies face employee fraud

13.5.2021
According to Zecurion, 81% of Russian companies faced employee fraud in 2020. Data leaks turned out to be a more serous problem than the drop in service demand and activity restrictions during the...

Lithuania: Regulator fines lottery operator New Miracle for breaching AML rules

13.5.2021
Lithuania's Gaming Control Authority (LPT) has issued a fine of EUR 10,000 to lottery operator New Miracle for violating anti-money laundering (AML) rules. LPT investigated the company's operations...

Austria: FMA seeing increasing cryptocurrency fraud

12.5.2021
The Austrian financial markets authority FMA has said that it is increasingly seeing cryptocurrency fraud. It passed 148 cases on to the public prosecutor in 2020. Many are supposed exchanges which...

Germany: Bafin calls on N26 to improve money laundering process

12.5.2021
The German financial regulator Bafin has called on the smartphone bank N26 to do more to prevent money laundering and terrorism financing. In particular, it needs to do more to identify and verify...

Russia: Fraud cases number involving company brands use grows

12.5.2021
According to Group-IB, in the three months of 2021, the number of cases of fraud involving the use of company brands increased by 91% YoY. Phishing sites, survey sites, and scams involving delivery...

UK: Action Fraud highlights scale of losses from fraud cases

12.5.2021
Figures released by Action Fraud revealed that there were 389,328 fraud cases in England, Northern Ireland and Wales in the year to April 2021. Total losses from the fraud cases reached GBP 1.70bn...

Serbia: NBS reports on falsified banknotes in Q1 of 2021

12.5.2021
Central Bank of Serbia (NBS) has reported that in Q1 of 2021, number of discovered falsified banknotes amounted to 1,027. A total of 340 notes were in the Euro currency, while 610 were in the Serbian...

Latvia: Deputy State Police chief suspended amid procurement fraud investigation

11.5.2021
The Latvian Internal Security Bureau (IDB) has imposed a security measure on Normunds Krapsis, deputy chief of the Latvian State Police, which means that he will be suspended from his post. He will...

Sweden: Raid against Oscar Properties main office

11.5.2021
The Swedish Economic Crime Authority (Ekobrottsmyndigheten) has completed a raid against the main office in Swedish property developer Oscar Properties. This concerns suspicions about insider...

Germany: Banker at Hauck & Aufhäuser involved in Union Investment scandal

11.5.2021
It is being reported that a senior investment banker at German private bank Hauck & Aufhäuser is involved in the insider trading allegations concerning a senior fund manager at German asset...

Netherlands: NautaDutilh is suspected of money laundering

11.5.2021
Dutch law firm NautaDutilh is suspected of money laundering by the Belgian Public Prosecutor. The suspicions are linked to the Belgian fashion retail group FNG.

UK: IFB figures highlight crash for cash car insurance claims

11.5.2021
The Insurance Fraud Bureau (IFB) says 170,000 of the 2.7mn car insurance claims in the UK between October 2019 and the end of 2020 could be linked to 'crash for cash' gangs. The main hotspots are the...

Denmark: Over 400 US customers in Danske Bank Estonia's portfolio

11.5.2021
Danish paper Berlingske reports that the customer portfolio of the Estonian branch of Denmark's Danske Bank featured over 400 US taxpayers and companies. According to a memorandum from Danske Bank's...

Netherlands: VEB is unhappy about ABN Amro's reporting on investigation

11.5.2021
Dutch bank ABN Amro failed to report the money-laundering investigation into the bank by the Public Prosecutor in the Netherlands on time and in the right manner, according to the shareholders'...

Sweden: Preliminary investigation opened in Attendo whistleblower case

11.5.2021
The Swedish Prosecution Authority (Åklagarmyndigheten) has opened a preliminary investigation after a care assistant employed by Swedish health and care provider Attendo was warned for speaking out...

UK: Nuisance calls reach 1bn

10.5.2021
An estimated 1bn nuisance calls have been made so far in 2021, according to Hiya, a provider of caller ID verification software. The volume of nuisance calls - including, spam, fraud and silent calls...

France: Unions bring General Electric to court in Belfort

10.5.2021
Two unions will bring General Electric to court to uphold an agreement signed in 2019 to maintain gas turbine activities in Belfort. General Electric plans to cut 485 jobs. The company agreed to...

Germany: EY pays compensation in Maple Bank cum-ex case

9.5.2021
The auditor EY has agreed an out of court settlement with the administrator of German firm Maple Bank which is thought to be worth EUR 12.50mn (USD 15.21mn). Originally the administrator wanted EY to...

Russia: Counterfeit products making up 19% of Siberian tobacco goods market

9.5.2021
As reported by British American Tobacco Russia (BAT Russia), the share of counterfeit products on the market for tobacco goods in the first quarter of 2021 stood at 19% in the Siberian Federal...

Luxembourg: Avrox investigated for forgery, fraud and money laundering

7.5.2021
Luxembourg textiles firm Avrox is being investigated on suspicion forgery, fraud and money laundering. A person has been in arrested in Luxembourg as part of the investigation. In 2020, the Belgian...

Russia: Krasnodar region ranked first by number of bribes

6.5.2021
The Prosecutor General's Office of Russia reports that there were 121 bribery-related crimes in Krasnodar region, South, in Q1 2021. It is 2.5 times more than in Q1 2020. The region was ranked first...

Russia: Slavyansky systematically falsifies dairy products

6.5.2021
Rosselkhoznadzor of the Krasnodar region (South) reports about the next violations of technical regulations of the Slavyansky creamery. The facts of falsification of dairy products with vegetable...