EU

Money laundering offenses in the Republic of Ireland have surged to unprecedented levels, with gardaí recording close to 2,800 cases last year and struggling to keep pace with the volume.

Denmark’s financial regulator has reported a local unit of Nordea Bank to police over suspected breaches of anti-money-laundering rules and asked authorities to open a criminal investigation, the authority disclosed Monday. 

Russia has emerged as Syria’s dominant oil supplier, with shipments rising about 75 percent to roughly 60,000 barrels per day this year despite Damascus’s pivot toward the West and lingering public anger over Moscow’s military backing of ousted leader Bashar al-Assad.

The Financial Action Task Force (FATF) placed Austria in enhanced follow-up after finding the country’s framework for investigating and prosecuting money laundering remains weak more than a decade after similar concerns were first raised.

Greece’s ruling New Democracy party has launched an aggressive campaign against European Chief Prosecutor Laura Codruța Kövesi over her office’s investigation into a corruption scandal involving hundreds of millions of euros in European Union farm subsidies.

A Spanish court has declared former Catalan leader Jordi Pujol, 95, unfit to stand trial in a long-running corruption case alleging his family concealed as much as €290 million in illicitly obtained wealth in Andorra

The European Union’s anti-fraud office has opened a formal investigation into Lord Peter Mandelson, the bloc’s former trade commissioner and recently dismissed British ambassador to Washington, over alleged misconduct during his four years in Brussels. 

The European Union on Thursday formally adopted its much delayed 20th package of restrictive measures against Russia and the bloc’s biggest package of designations in two years. Here’s what’s in it.

Proposed European anti-money-laundering (AML) standards could place a “significant operational burden” on banks by potentially requiring customer due diligence checks on counterparties that are not traditional bank clients, a trade finance industry body has warned.

European Union member states have agreed a new sanctions package against Russia after Hungary lifted its veto, clearing the way for measures targeting Russian oil transport, banks, crypto platforms, and trade in restricted goods.