Money laundering

Bulgarian Criminal Group in London Smuggled BGN 1M Worth of Cash, Jewelry

The Sofia City Prosecutor's Office has received a signal from competent authorities of the UK and Northern Ireland on account of an ongoing investigation.

The procedure has been opened against Bulgarian citizens involved in organized criminal scheme across London, including smuggling, begging, human trafficking and wire transfers of suspicious funds to Bulgaria.

Switzerland may tighten anti-money laundering rules

Switzerland may tighten its anti-money laundering laws after a report by a government-appointed group found the country was still subject to financial crime. 

A report from Switzerland's interdepartmental group on combating money laundering and terrorism financing (CGMT) comes amid a corruption scandal surrounding Zurich-based FIFA, world soccer's governing body. 

Romania Jails Top Businessman For Fraud

A Bucharest court on Monday jailed Ovidiu Tender for 12 years and seven months without parole for defrauding the Romanian petrochemical plant Carom Onesti, which went bankrupt.

Tender's former associate, Marian Iancu, got a 14-year sentence. Last year Iancu was sentenced to 12 years in jail for tax evasion and money laundering at Rafo Onesti, another refinery in eastern Romania.

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