Anti–money laundering

Bulgaria continues to be listed among countries under enhanced scrutiny by the Financial Action Task Force (FATF). This information was released following the conclusion of the organization's plenary session held this week in Paris.

Battle with “carousel”-type criminal organizations, which have been coming to light one after the other lately, is being fought by the Ministry of Finance and the relevant auditing authorities, as it’s estimated that the state loses up to 2 billion euros annually due to fake invoices and fraudulent transactions, leading the Treasury to pay VAT – instead of collecting it – to these fraudsters.<

A criminal investigation into suspected embezzlement and money laundering has been launched against two high-ranking officials of the Catholic Church in Greece and five nightclub owners in the Peloponnese, in the wake of a recent report by the Anti-Money Laundering Authority.

A scandal involving Catholic priests who funneled black money to nightclubs, with “investments” reaching up to 3 million euros, has led to

A criminal investigation into suspected embezzlement and money laundering has been launched against two high-ranking officials of the Catholic Church in Greece and five nightclub owners in the Peloponnese, in the wake of a recent report by the Anti-Money Laundering Authority.

Tax authorities are targeting 776 individuals who appear to be involved in money-laundering cases.

In total, since the beginning of the year, the Anti-Money Laundering Authority, in collaboration with the Independent Authority for Public Revenue (AADE), has opened 329 cases, and the review of their tax returns, deposits and assets both in Greece and abroad has already begun.

A 350-page report from the anti-money laundering authority is now in the hands of the District Attorney in Thessaloniki. It concerns a “carousel” type fraud case involving a businessman from Northern Greece and a high-ranking bank executive with a background in politics.

Αuthorities are investigating a €35 million "missing trader fraud" case involving a Thessaloniki businessman, a bank executive and a police officer.

The probe, led by the Anti-Money Laundering Authority, centers on a network of "phantom companies" in Greece and Bulgaria used to evade VAT payments through fake transactions.

The Anti-Money Laundering Authority is investigating a real estate racket suspected of defrauding investors through the Golden Visa program by collecting downpayments for property purchases without delivering to the buyers.

The case mainly concerns Chinese investors and a number of transactions in the real estate market are being investigated.