Money laundering

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.

Bloomberg:Fugitive Gambling Tycoon Fights for his Vast Treasure Trove

Public quarrels between politicians and rich businessmen over alleged links to organized crime are hardly new, especially in a country ranked among the most corrupt in Europe, Bloomberg reported.
The case of Vasil Bozhkov in Bulgaria, though, has captured the national imagination because it cuts to the heart of the Balkan country's heritage.

Cyprus ‘golden passports’ scheme a laundering risk, says watchdog

A European money laundering watchdog has cautioned that a secretive investment-for-passports program run by Cyprus was vulnerable to money laundering and fraught with risk.
The Mediterranean island launched the scheme offering passports for an investment in 2013, with more than 3,000 people gaining citizenship through the program.

A Senior US Politician Arrived in Bulgaria to Meet with the Government

The First Deputy Assistant Secretary in the US Treasury - Paul Ahern, is visiting Sofia. He will be in the country by February 11th.

Ahern will meet with representatives of the Bulgarian government. The talks will focus on the cooperation in the area of combating money laundering and terrorist financing.

Turkey slams int'l watchdog report on money laundering

The Turkish financial crimes unit slammed a global money laundering watchdog report against the country's money laundering efforts.

"Turkey's struggles weren't revealed in the report. [Turkey] was subjected to unfair assessment," Turkey's Financial Crimes Investigation Board (MASAK) officials told Anadolu Agency on Dec. 19 on a recent report by the Financial Action Task Force (FATF).