Money laundering

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).

Dubious estate agents marring success of Golden Visa scheme

The performance and the reputation of the "Golden Visa" residence permit program in Greece are being tarnished by the presence of a number of companies that are of doubtful origin and solvency and have been active in the local market over the last couple of years despite lacking the necessary funds.

Official: All 39 People who Were Found Dead in a Truck in Essex Are Identified

British police confirmed that they have identified the bodies of all 39 people who were found dead in a truck in Essex and have notified their families, Reuters reported.

"This is an important step in the investigation and enables us to work with our Vietnamese police colleagues to support the families of those victims." a senior officer in charge of the inquiry said.

One of the Largest Dutch Banks Is under Investigation for Money Laundering

The Dutch prosecutor's office is investigating ABN Amro on suspected breaches of anti-money laundering and terrorist financing legislation, Reuters and the Associated Press reported.

The bank said it would fully cooperate with the authorities. Its shares plummeted by more than 9 percent when the stock market opened in Amsterdam.

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."

Pages