Nyheter om grå ekonomi och ekonomisk brottslighet

Denmark: Danske Bank invests in digitisation to reduce compliance costs

23.7.2019
Denmark-based bank Danske Bank has been investing heavily in strengthening its defence against money laundering and financial crime after the money laundering scandal in Estonia to avoid similar...

Lithuania: Cigarette consumption down, illegal trade stable in 2018

23.7.2019
Lithuanians consumed a total of 3.07bn cigarettes in 2018, which was down from 3.22bn in 2017, according to a market study by KPMG. Illegally sold cigarettes accounted for 17% (0.5bn) of all...

Frane: Illegal subletting of public housing in Paris on Airbnb

23.7.2019
Le Parisien investigated illegal subletting of public housing in Paris on Airbnb, identifying 822 suspicious advertisements published since 2017. Airbnb listings were geo-located, revealing 822 are...

UK: SFO management culture under fire

23.7.2019
The management culture at the Serious Fraud Office (SFO) has been criticised in a report from the HM Crown Prosecution Service Inspectorate. The report claimed the agency tolerated unacceptable...

UK: Man wins damages for fall from ladder on family farm

23.7.2019
A man left tetraplegic following a fall from a ladder on his family farm has secured GBP 6.60mn (EUR 7.50mn USD 8.65mn) in damages. Insurers for the family partnership than runs the farm have agreed...

UK: Teacher sues North Lanarkshire Council over fall

23.7.2019
A teacher on secondment from Scotland's Rural University College to a North Lanarkshire primary school is suing North Lanarkshire Council after suffering injuries when tripping on a cracked paving...

Spain: Lawsuit filed against Metro de Madrid over Ombuds pay

23.7.2019
Spanish trade union, Alternativa Sindical, has presented a lawsuit against Metro de Madrid regarding the non-payment of wages to around 550 Ombuds security workers. Ombuds has gone into...

UK: Standard Life Assurance fined GBP 30.8mn

23.7.2019
The Financial Conduct Authority (FCA) has fined Standard Life Assurance for mis-selling annuities. Standard Life Assurance is part of Phoenix Group. Standard Life Assurance will have to pay a fine of...

Latvia: Agriculture ministry lacking in transparency regarding fund usage

22.7.2019
The Latvian Agriculture Ministry has been found to be lacking in transparency regarding the use of its funds, the Latvian State Audit Offices (LRVK) reported. According to a recent audit, two out of...

Lithuania: Increase in cigarette smuggling from Russia's Kaliningrad region

22.7.2019
Lithuanian customs officers have noticed an increase in cigarette smuggling from Russia's Kaliningrad region to Lithuania, BNS reports. Indre Ramanaviciene, spokeswoman for the Lithuanian Customs...

France: Anticor files complaint over sale of Alstom energy arm to GE

22.7.2019
French anti-corruption association Anticor has no intention of giving up on the Alstom-General Electric case based on the context and conditions of the sale of the energy division of the French firm...

Slovakia: Proceedings launched by SCC in TV Promissory Notes case

22.7.2019
Proceedings were launched on 22 July 2019 by a senate belonging to the Specialised Criminal Court (SCC) in Slovakia in the case involving the promissory notes of Slovak private television TV Markiza....

Slovakia: First day of TV Markiza trial sees new promissory note surface

22.7.2019
The trail of the case involving the promissory notes of the Slovak private broadcaster TV Markiza began on 22 July 2019, with the first day seeing a new promissory note surface that might land mogul...

Russia: Share of adulterated drinking water estimated at 25-30%

22.7.2019
According to head of Rostec, Sergey Chemezov, a share of adulterated products in the market for mineral water stands at 25-30% on average. The figure in some regions is estimated at 80%. The plan is...

Lithuania: Ex-vice mayor of Vilnius complains to ECHR over bribery conviction

21.7.2019
The former deputy mayor of Lithuanian capital Vilnius, Romas Adomavicius, has complained to the European Court of Human Rights (ECHR) that law enforcement officials illegally solicited him to accept...

UK: Firms investing in overseas cannabis market could be breaking law

20.7.2019
Leading lawyers are warning that it could be illegal for UK institutions to invest in the legal overseas cannabis market, which is forecast to be worth over USD 60bn (EUR 52.02bn) by 2025. Alison...

Russia: Criminal case initiated against former head of Antipinsky Oil Refinery

19.7.2019
A criminal case of abuse of authority has been initiated against the former head of Antipinsky Oil Refinery (the Tyumen region, Urals). According to the Investigative Committee, he has signed an...

UK: Ex Unaoil partner pleads guilty to bribery case involving deals in Iraq

19.7.2019
The UK Serious Fraud Office (SFO) stated on 19 July 2019 that Basil al Jarah, a former Unaoil Group (Unaoil) partner, has pleaded guilty to a bribery conspiracy involving oil pipeline and moorings...

Netherlands: Recalcico Beheer hopes for compensation for Xeikon

19.7.2019
After a judgement by the Hoge Raad in the Netherlands, investment company Recalcico Beheer is hoping for compensation in the case of Xeikon, which was sold to Bencis in 2013 and 18 months later sold...

Germany: Varengold believed to have been more involved in cum-ex than expected

19.7.2019
According to a media report, the German investment bank Varengold is believed to have been much more involved in the cum-ex transactions than previously known. Varengold launched the cum-ex fund...

Denmark: Researcher calls for a reform of anti-money laundering system

19.7.2019
Professor Tom Kirchmaier, researcher at the Copenhagen Business School and at the London School of Economics, is calling for a comprehensive reform of the Danish anti-money laundering and terror...

UK/US: Competition authority fines Qualcomm

19.7.2019
The EU competition authority has imposed a EUR 242mn (USD 279.13mn) fine on US semiconductor manufacturer Qualcomm for using its dominant position in the market to force out competitors. Between 2009...

Russia: About 3,000 samples of dairy products examined in Nizhny Novgorod region

19.7.2019
Since early 2019, Rospotrebnadzor, Russia's consumer rights watchdog, in the Nizhny Novgorod region (Volga) has examined 3,000 samples of dairy products in the region. As many as 11 of them were...

Netherlands: Potato traders suspected of receiving laundered money

18.7.2019
The Dutch authorities have raided agricultural traders in Zeeland and Noord-Holland because of suspicions that they have been receiving laundered money. Potatoes and onions are being sold for export...

Russia: Kaspersky Lab records attacks on state medical institutions

18.7.2019
Kaspersky Lab has recorded a series of targeted attacks on large public health institutions in the southern regions of Russia. The purpose of the attackers was to collect such financial documents as...

France: Judges dismiss Valeo-Ferodo asbestos case

18.7.2019
Parisian investigating judges ordered the dismissal of the case concerning the exposure of 22 employees of vehicle parts supplier Valeo-Ferodo in Condé-sur-Noireau to asbestos between 1952 and 2007....

Hong Kong/UK: Blockpass, ComplyAdvantage collaborate to further compliance

17.7.2019
Hong Kong's Blockpass has revealed its latest partner in UK-based AML/CFT solution provider, ComplyAdvantage. Both companies are focussed on providing the most comprehensive and simple measures that...

Spain: Commission established to tackle betting fraud and match-fixing

17.7.2019
The Ministry of the Presidency in Spain has established a new nationwide commission to address fraud and match-fixing in the country's sports betting industry, which is a growing problem. The new...

Russia: Palmali director accused of tax evasion

16.7.2019
A criminal case against the director of Rostov-based (South) Palmali, a company of the Turkish shipping group Palmali, has been sent to court. He is accused of tax evasion exceeding RUB 122mn (EUR...

Russia: Share of illegal cigarettes in market of Omsk region reaches 27%

11.7.2019
According to a study commissioned by the largest tobacco manufacturers, the share of illegal cigarettes in the market of the Omsk region (Siberia) amounts to 26.6%. Omsk is in the top 5 anti-rating...