Financial regulation

The suspension of the operation of the casinos in Alexandroupoli and Corfu is near certain now, after the seizure of the assets of their owner Konstantinos Piladakis by the Anti-Money Laundering Authority. 

Regarding the Rio casino near Patra, which also belongs to the businessman, it has been closed since September 2023, following the rejection of the restructuring plan.

The Anti-Money Laundering Authority, acting on an order from its head, former Supreme Court deputy prosecutor Charalambos Vourliotis, identified six safety deposit boxes and properties belonging to the main suspects in the urban planning network of Sithonia,

Nicosia and Washington reaffirmed their shared commitment to enhancing Cyprus‘s capabilities in combating illicit financing and money laundering, according to a joint statement from the Republic of Cyprus and the U.S.

Cyprus lawmakers have taken a significant step in tackling money laundering and illegal activities by approving a proposal to limit large cash transactions. The law, passed with 24 votes in favor and two against, amends the current Law on the Prevention and Combating of Money Laundering.

Ruja Ignatova, the notorious figure behind the OneCoin cryptocurrency scam, is reportedly alive and being hidden by international criminal cartels, according to BBC investigative journalist Yordan Tsalov. Ignatova, who is one of the FBI's top three most wanted individuals, has a reward of 5 million dollars for information leading to her capture.

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.