The European Union (EU) is expected to release a report Wednesday urging member states to tighten controls over their Golden Visa programs, warning the schemes can be used by organized crime groups for money laundering, corruption and tax evasion.
The EU lost more than nine billion euros (US$10 billion) to fraud between 2002 and 2017, with Member States often doing little to prevent or punish those identified as suspects, a new report revealed on Thursday.
European officials have discovered illegal tiger farms operating in the Czech Republic and experts suspect other countries also house such facilities, thousands of miles away from where they had previously only thought they existed, the Guardian reported Monday.
The European Commission announced this week it will cut its financial assistance to Moldova by US$22.7 million per year for both 2017 and 2018 due to concerns over the erosion of the rule of law and the weakening of democracy in the Eastern European nation.
The European Commission castigated Romania for regressing in its anti-graft reforms, but generally praised Bulgaria for meeting its commitments in two separate annual reports on the administration of justice released Tuesday.
The European Parliament’s Committee of Economic and Monetary Affairs decided on Monday that investment firms will from now on have to make sure they inform their clients about the risks of their projects infringing upon human rights, endangering the environment, or similar violations.
Prosecutors in Bulgaria said on Friday they detained 20 people this week for issuing fake documents that made a number of foreigners eligible for Bulgarian citizenship and therefore access to the EU.
Albanian State Police police said Monday they arrested 27 suspects, seized weapons, charged three officers and confiscated drugs in a major crackdown against heroin trafficking.
Thousands of minors have been exploited throughout the European Union and busting criminal networks trafficking children is one of the block’s top priorities, Europol said in a report released on Thursday, the EU Anti-Trafficking Day.
Migration to Europe is easier if you’re rich, according to a report released Wednesday by Transparency International and Global Witness. The report highlights the accessibility to European countries through Golden Visa schemes that mostly benefit the powerful and even the corrupt.
The European Union and Albania signed an agreement last Friday to strengthen judicial coordination in the fight against organized crime in the Western Balkan nation. The deal represents a significant step in combating cross-border crimes including drug trafficking, human smuggling, and contract killings, according to a press release by Eurojust, the EU signatory.
In an effort to combat a practice called “fish laundering,” the European Union and Sweden pledged US$52 million in the beginning of September to various marine agencies in the Pacific who are supposed to monitor and crack down on fraudsters.
Two OCCRP journalists were detained by armed Bulgarian police for more than seven hours on Thursday night after they followed a tip that crucial documents were being burned in a field 50 kilometers southwest of the Bulgarian capital of Sofia.
The UK is upgrading its national security by adopting a recently implemented European Union fifth anti-money laundering directive, the Department for Business, Energy and Industrial Strategy (BEIS) announced in a statement on Tuesday.
New anti-money laundering rules instituted by the European Union on Monday are already coming under criticism for being insufficient, Reuters reported.
The EU is split over whether to start membership talks with Albania and Macedonia as some members seek to greenlight the process while France and The Netherlands want to see the two countries do more about fighting organized crime and corruption before they make the next step on their EU path, Reuters reported Monday.
The European Commissioner for Justice harshly criticized the lack of press freedom throughout Europe as well as Malta’s track record of corruption and money laundering in her speech on Thursday in Malta.
The European Commission proposed a new anti-fraud program Wednesday that would provide €181 million to aid EU member states in combating fraud, corruption and other financial irregularities.
The European Commissioner for Justice, Vera Jourova, spoke out against EU members on Monday who may oppose linking European funds to rule of law, according to Politico.
Authorities across the European Union arrested 58 suspects and seized cars, documents, and US$477,000 in cash during a Value Added Tax, VAT, fraud investigation that damaged the EU’s economy by over $70 million.
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