Nyheter om grå ekonomi och ekonomisk brottslighet

Germany: Damage from cum-ex transactions amounts to EUR 5.6bn

19.10.2018
According to the German Ministry of Finance, German tax authorities suffered EUR 5.60bn (USD 6.46bn) in financial damage from cum-ex shares. In total, damage in European countries is expected to...

Germany: SEB accused of tax fraud and money laundering

18.10.2018
According to reports by Swedish news agency TT and Swedish public broadcaster SVT, the Swedish financial and banking company group SEB is being investigated by German authorities for tax fraud and...

Europe: Gigantic tax fraud case revealed

18.10.2018
An investigation by Danish media Politiken and DR, and several other European media, has revealed a gigantic tax fraud case. Nine countries in Europe have lost an estimated DKK 410bn (EUR 54.91bn USD...

UK: Environment Agency to investigate plastics recycling industry

18.10.2018
The Environment Agency (EA) has launched an investigation of the plastics recycling industry following complaints about widespread abuse within the export segment. Six plastic waste exporters have...

Romania: CC fines gambling company for using brand without licence

18.10.2018
The Competition Council (CC) in Romania has imposed a RON 229,496 (EUR 49,052.65 USD 56,578.93) fine on gambling company Westgate Romania for making use of the Stanleybet brand without being...

UK: Banks to introduce name checks on money transfers

18.10.2018
Banks are set to check the name on money transfers as part of a new system to help combat fraud. Customers currently enter the recipient's name, sort code and account number if they want to transfer...

Belgium: Tax authority has protected the state from EUR 782.2mn of fraud

18.10.2018
The Belgian state would have lost over EUR 780mn (USD 899.68mn) in fraud between 2015 and 2018 if the tax authority had not paid attention, according to a study by 19 media sources in 12 countries....

Austria: New lawsuit against Uber

18.10.2018
At the initiative of the Vienna economics chamber the Austrian association of unfair competition has filed a lawsuit against the US taxi and ride-sharing firm Uber at the Vienna commercial court. The...

Russia: NCSP and PCP to challenge decisions of Supreme Court's first instance

18.10.2018
Stevedoring companies Novorossiysk Commercial Sea Port, NCSP, and Primorsk Commercial Port, PCP, a part of NCSP, have filed claims to the Presidium of the Supreme Court of Russia against decisions of...

Sweden: Nordea Bank climate initiative is misleading

18.10.2018
In an opinion article in Göteborgs-Posten, give lecturers and professors at the University of Gothenburg and the Chalmers Institute of Technology write that the Nordea Bank Sweden emphasis on...

Czech Republic: Government approves hiring of 1,000 police officers

17.10.2018
The Czech government has agreed to the hiring of 1,000 extra police officers, adding to the country's current 40,000 officers. Around 150 of the new police jobs will be in specialised units set up to...

Estonia/Lithuania: Suspicious transfers from Danske Bank, Ukio Bankas to Nordea

17.10.2018
Finnish-based Nordea Bank accepted transfers of dirty money from the Estonian branch of Denmark's Danske Bank and from Lithuania's now bankrupt Ukio Bankas, according to a report submitted by the...

Russia: Culture Ministry for simpler way to block sites with illegal content

17.10.2018
The Culture Ministry stands for simplifying the procedure of blocking websites with illegal content, since the current scheme is ineffective. The Ministry is preparing a bill that entails...

Sweden: Authorities have warned about internet security risks

17.10.2018
The FBI and the Swedish Civil Contingencies Agency (MSB) have in the past warned of the type of attack that successfully targeted the Swedish Defence Force last year. A server belonging to the...

Russia: Executive director of Turbaslinsky Broiler under arrest

17.10.2018
The executive director of Turbaslinsky Broiler, Vladimir Shukshin, has been arrested by the Federal Security Service of the Russian Federation on suspicion of commercial bribery on a large scale. A...

Germany: GM to be liable in case of fine to Opel for alleged emissions fraud

17.10.2018
The German car manufacturer Opel said that in case of fines or payments imposed by authorities, as a result of the alleged use of illegal devices to control emissions values, its previous owner...

Nordics: Nordea dragged into Danske Bank's money laundering scandal

17.10.2018
UK-based investor Bill Browder has filed complaints against Finnish-Swedish bank Nordea with Nordic prosecutors, accusing the bank of money laundering. Browder played a key role in revealing Danske...

Slovakia: Gand selling land illegally tracked-down

17.10.2018
The Slovak National Criminal Agency (NAKA) tracked down on 16 October 2018 a gang involved in property crimes in the region of Nitra. The gang, comprising six members, was involved in land sales via...

Denmark: Financial Supervisory Authority does not approve of Danske Bank CEO

17.10.2018
The Danish Financial Supervisory Authority (Finanstilsynet) does not approve of Jacob Aarup-Andersen as new CEO of major bank Danske Bank. The authority claims that he is not experienced enough in...

Hungary: Government to appeal against ECHR's ruling

17.10.2018
The Hungarian Ministry of Human Resources (EMMI) has revealed that the government is to submit an appeal against the decision made by the European Court of Human Rights (ECHR) in favour of Hungarian...

Poland: Appeals court upholds decision of UOKiK against PKP Cargo

17.10.2018
An appeal by the Polish state-controlled rail freight firm PKP Cargo against a fine of PLN 14.22mn (EUR 3.30mn USD 3.81mn) imposed by the competition regulator UOKiK in 2007 has been turned down by...

Russia: Growth of adulration in Essentuki mineral water

17.10.2018
The market share of adulterated products among brands of Essentuki mineral water has increased recently. According to Nielsen, two times more water than it is extracted is produced under the brands...

Serbia: Inspectors discover 12,500 illegal workers in 2018

16.10.2018
During 2018, Serbian inspectors discovered approximately 12,500 illegally employed workers, a drop of 40% in comparison with 2017. In 2018, number of inspections increased in comparison with 2017....

Germany: Prosecutors say Stadler knew about emissions scandal in December 2015

16.10.2018
According to the public prosecutors' office in Munich, Germany, Rupert Stadler, former CEO of the German car manufacturer Audi, knew about the emissions manipulations at the company as early as 16...

Czech Republic: Number of firms in tax haven down by 116 in 3Q 2018

16.10.2018
Statistics from Bisnode reveal that the number of Czech company owners based in tax haven destinations fell by 116 on year to 12,915 in the first three quarters of 2018. The most newly registered...

Ukraine: AMCU fines Niva winery

16.10.2018
The AMCU has revealed a violation of the competition law at the Niva winery in the Odessa region. The packaging of Fratelli Bianko vermouth produced by the company is similar to the packaging of...

Latvia: Former police official suspected of money laundering, tax evasion

15.10.2018
Latvia's State Revenue Service (VID) suspected an unnamed former high-ranking police official of large-scale money laundering and tax evasion for more than EUR 200,000. The official belonged to a...

Hungary: Corruption Research Centre reports on transparency of tenders

15.10.2018
According to data revealed by the Hungarian Corruption Research Centre, the total number of public procurement processes carried out between 2005 and 2018 reached 193,000. The centre has found that...

Czech Republic: Amount of counterfeit currency down 25% in 3Q 2018

15.10.2018
The Czech central bank CNB has reported that the number of counterfeit banknotes and coins in circulation was down by 25% on year to 1,521 in the Czech Republic in the first three quarters of 2018....

Romania: Law seeks to forbid firms charged with corruption to take part in PPPs

12.10.2018
According to a draft law proposed by Catalin Radulescu, Vice-President at the Infrastructure and Transport Commission, construction companies in Romania focusing on both road and railway...