Region: European Union

OFSI fines oilfield consultancy for Syria sanctions breaches

The UK’s civil sanctions enforcement agency has fined a UAE-based consultancy £15,000 for buying flights for an employee from a sanctioned Syrian airline.

29 June 2022

EU court upholds ban on Austrian lender over money laundering concerns

23 June 2022

“We need to close the loopholes” – EU takes aim at sanctions evasion

European politicians want to bring in bloc-wide criminal penalties for evading European Union sanctions because current fines vary wildly from country to country. “It’s one that all lawyers, frankly, should be monitoring,” said one practitioner.

26 May 2022

Spanish prosecutors seize yacht in first win for US sanctions task force

A multi-agency US task force hunting Russian sanctions evaders has recorded its first asset seizure. “It will not be the last,” said the US attorney general.

05 April 2022

European prosecutors freeze assets in Lebanese money laundering probe

28 March 2022

EPPO has opened 576 investigations since launch

24 March 2022

EU prosecutor visits Ukraine, in cooperation pact first

European Chief Prosecutor Laura Kӧvesi travelled to embattled Ukraine on Friday to sign a working arrangement with the country’s prosecutor general.

21 March 2022

Dutch prosecutors open record number of money laundering probes

Prosecutors in the Netherlands seized €368 million in illicit proceeds in 2021 and carried out over 1,000 more money laundering investigations than the previous year.

01 March 2022

UK, France urged to tighten up corporate liability for money laundering

The Council of Europe has said 14 countries including the UK are failing to comply with international standards for holding companies liable for money laundering.

21 January 2022

Second EPPO prosecution targets Bulgarian forestry official

The European Union’s anti-corruption office has filed its second indictment, targeting a public official in Bulgaria for allegedly receiving bribes from the owner of an agricultural company.

20 January 2022

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