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An Eastern European island getaway
For many, Cyprus is synonymous with sunny beaches and Mediterranean flair. Yet as a recent lawsuit by the natural gas trader Itera Group shows, the Greek half of the island is still mired in a post-Cold War shadowy world of Eastern Europeans launderi...
Europol: Bulgaria Has Key Role in Synthetic Drugs Trafficking
The traffic of heroin is the main criminal activity in the so-called South East criminal hub in Europe, according to the Europol Report.Europol, or the European Police Office, released their Europol Organized Crime Threat Assessment (OCTA) in which t...
Serbian money laundering victim takes crusade against Cyprus to EU
PREDRAG Djordjevic, a Serbian businessman who claims that he lost $26 million in potential income under the Milosevic regime from money laundering in Cyprus, is reportedly planning to take his case to the European Court of Human Rights. Djordjevic , ...
Tamil Tiger suspects on trial for Paris racket
Twenty-two suspected Tamil Tiger rebels went on trial today for running an extortion racket among Paris &aposs ethnic Tamil diaspora to fund their separatist struggle in Sri Lanka.The defendants include Nadaraja Matinthiran, the alleged leader in...
EU Warns That ATM Crime Is Rising
The European Network and Information Security Agency (ENISA) has released a report regarding the situation of ATM crime in the European Union. According to the agency, the rate of such crimes increased by 149 percent in 2008 and resulted in over 485 ...
Ministers approve extension of SWIFT transaction sharing with US
Ministers from the 27 European Union member states have backed plans to continue to allow US authorities to inspect the details of Europeans' bank transfers. They want the US to have access even to transfers that do not reach the US.The Brussels-base...
EU mandates talks with US on continued bank-data monitoring
The European Union should negotiate a deal with the United States on sharing information on bank transfers to fight terrorism, EU foreign ministers agreed Monday as they tasked the bloc's executive with opening talks.The agreement is likely to be wel...
EU: Bulgaria, Romania Still Too Corrupt
A new report from the European Commission notes progress but still finds too much organized crime and corruption in the two new member states When Bulgaria and Romania joined the European Union in 2007, other member states expressed serious concern a...
India has working groups with 27 countries to counter terror
There are Joint Working Groups (JWGs) on Counter-Terrorism between India and 27 countries and regional organisations including the US, Germany, Pakistan and the European Union, Lok Sabha was told today.As part of its global cooperation to counter ter...
UNODC, RCC to promote security, justice in South East Europe
The United Nations Office on Drugs and Crime (UNODC) and the Regional Cooperation Council (RCC) signed a Memorandum of Understanding here on Thursday to build security and the rule of law in South East Europe, in order to address the challenges posed...
Spain Breaks Global Money Laundering Ring
Written by Heidi WardmanSpanish authorities have arrested twenty people suspected of having facilitated an international money laundering operation through the sale of drugs. The investigation was initially launched in May 2008, when Police became su...
EU banks named in dirty money report
PHILIPPA RUNNEREurope's biggest banks are happy to do business with corrupt regimes in Africa and Central Asia, according to a new report by UK-based NGO, Global Witness.As late as November 2007, Barclays in Paris held a private account for Teodorin ...
EU event for Turkish Cypriots
On the Third Anniversary of the entry into force of the Financial Aid Regulation, the European Commission is organising a Reception together with Turkish Cypriot Counterparts and Beneficiaries. The event will take place at the EU Programme Support Of...
