Money laundering

US official: Cyprus on right track in money laundering fight

A US congresswoman says Cyprus is making headway in dispelling the notion that the east Mediterranean island nation's banks have acted as a laundry service for Russian oligarchs.
Rep. Maxine Waters, who chairs the House Financial Services Committee, says that US-Cyprus cooperation in tackling money laundering "is beginning to pay off."

Bulgarian Special Prosecutor's Office Files Indictment Against Controversial Banevi Family

The Special Prosecutor's Office has filed an indictment against Nikolay, Evgenia and Maria Banev with the Special Criminal Court, said the press office of the Appellate Special Prosecutor's Office. They have been charged with involvement in an organized crime group, tax crimes, money laundering, and unlawful possession of a weapon.

Inspectors to crack down on tax dodgers

The Independent Authority for Public Revenue is expected to focus in the coming days on three categories of professionals it suspects of widespread tax evasion: accountants, property realtors and auctioneers of high-value items.
Tax inspectors will be focusing on those professionals' tax returns for signs of money laundering. 

Greek court convicts 13 over orthopedic product procurements

A Greek court has convicted 13 people in connection with alleged corruption during state hospital purchases from DePuy, a subsidiary of US healthcare giant Johnson & Johnson.
The Athens criminal court on Tuesday acquitted another seven people over the same case, in which Greek hospital doctors allegedly took bribes to prescribe DePuy orthopedic products.

Prosecutor calls for 22 of 54 defendants in Siemens case to be cleared

The prosecutor in the trial of suspects implicated in the Siemens cash-for-contracts scandal has called for 22 out of 54 defendants to be cleared of bribery charges and to only face charges of money laundering, citing the provisions of the country's new penal code.

The prosecutor, Eleni Skeparnia, noted that the new code changes the charge of active bribery to a misdemeanor.