Money laundering

Greek Cypriot court upholds Hezbollah suspect’s US extradition

Greek Cyprus' supreme court on May 29 upheld an order to extradite a suspected Hezbollah member to the U.S. on money laundering charges, official media said.

A five-judge bench unanimously dismissed an appeal against a decision by a lower court in September 2019 to extradite the man, identified only by his surname Diab, the Greek Cyprus News Agency said.

Estonia, Hungary and the Czech Republic Oppose the Fight Against Money Laundering in EU

A plan to boost European Union powers to curb the flow of dirty money through banks faced resistance at an EU meeting from member states recently hit by major money-laundering and financial fraud scandals, three officials told Reuters.

EC: Bulgaria is the Only Country that Meets the Criterion for the EU Budget Deficit

The Vice President of the European Commission, responsible for the economy in the interest of the people, Valdis Dombrovskis praised Bulgaria as the only country that meets the criterion for the EU budget deficit, BGNES reported.

At the same time, he added that recommendations have been made to us and 10 other Member States regarding money laundering.

Further investigations required before Papantoniou can be prosecuted

A judicial council has decided that former defense minister Yiannos Papantoniou cannot be prosecuted until the charges against him have been further investigated. 
After he had spent 17 months in pre-trial detention on money laundering charges in Korydallos Prison, the judicial council accepted Papantoniou's pledge to pay 150,000 euros in bail by July 1 and released him last week. 

Bulgaria PM Denies Link to Suspected Money Laundering in Spain

Bulgarian Prime Minister Boyko Borissov has denied links to a suspected money-laundering scheme based in Barcelona. He issued the denial after a Barcelona-based newspaper published a front-page report on Friday claiming he and other senior officials in Sofia might be linked to another Bulgarian citizen in Spain suspected of laundering millions of euros through the city.

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