The European Parliament urged EU member states on Tuesday to curb money-laundering in the bloc by ending programs to sell visas and passports, a step the multi-billion-dollar industry said would cause economic damage.
New EU-wide measures countering money laundering entered into force on Monday by criminal law. According to a European Commission statement, although all EU member-states crimininalize money laundering, the definitions and penalties related…
Greece's authority against money-laundering has asked to look into the accounts of former prime minister Costas Simitis and members of his family, as well as two ministers in the Greek government of 2003, bank sources revealed on Wednesday.
Former Minister Yiannos Papantoniou, who is currently jailed on remand ahead of his trial on charges of money laundering, attacked claims made by the examining magistrates handling his case that he and his wife had delayed in opening their…
Former minister Yiannos Papantoniou and his wife Stavroula Kourakou were remanded in custody late on Tuesday on charges of money laundering.
Former Economy and Finance Minister Yiannos Papantoniou and his wife Stavroula Kourakou were given an extension to prepare their testimony on charges of money laundering, by a court in Athens on Thursday.
The Central Bank of Cyprus is tightening rules against money laundering by asking supervised banks to avoid business with “shell and letter box companies”.
Greece's counter-terrorism service on Tuesday proceeded to arrest 14 individuals on charges of financing terrorism and money laundering, on the basis of arrests warrants issued by a special appeals magistrate for terrorism.
Corruption prosecutors working on the Novartis case of alleged bribes are turning their attention to collecting evidence to support possible charges of money laundering for all suspects involved.
The finance ministry posted for public consultation on Monday an updated draft bill on tackling money laundering, which incorporates a relevant European Parliament Directive into Greek law.