Financial regulation

Her commitment to human rights then led her to Front Line Defenders, an organisation she herself founded in 2001 and played a key role in as executive director for 15 years.

In May this year Lawlor, now 68, continued her professional path in the field, becoming the UN's Special Rapporteur on the situation of human rights defenders, HRDs.

Federation entity Prime Minister fadil Novalic and other others are accused of conspiring to "abuse office, accept rewards for trading influence, money laundering and document fraud" in connection with the purchase of overpriced ventilators from Chine.

Some hedge funds that bet against a series of Greek and Italian companies are nursing losses after the European Union's breakthrough plan for a 750 billion euro (£673 billion) recovery fund sent stock markets surging across southern Europe.

Cyprus says it is introducing tougher anti-money laundering checks in its "golden passports" program, under which it gives citizenship to foreigners who invest large sums in the east Mediterranean country.

 Eleven people, aged between 25 and 52, have been arrested as members of a money laundering gang in the city of Kalamata in southern Greece, police said Wednesday. The arrests took place on Tuesday. 

A plan to boost European Union powers to curb the flow of dirty money through banks faced resistance at an EU meeting from member states recently hit by major money-laundering and financial fraud scandals, three officials told Reuters.

The Vice President of the European Commission, responsible for the economy in the interest of the people, Valdis Dombrovskis praised Bulgaria as the only country that meets the criterion for the EU budget deficit, BGNES reported.

At the same time, he added that recommendations have been made to us and 10 other Member States regarding money laundering.

A plan to boost European Union powers to curb the flow of dirty money through banks faced resistance at an EU meeting from member states recently hit by major money-laundering and financial fraud scandals, three officials told Reuters.

The global economy is already in recession, hurt by the novel coronavirus and the extraordinary efforts to contain its spread, according to two leading European economists whom Kathimerini has consulted. They are critical of the European Union attitude, saying mistakes of the past should be avoided. They are also optimistic about a swift rebound.

Still reeling from a decade-long financial depression and with the economy already taking a beating from impact of the Coronavirus pandemic, the government is asking the EU to cut it some slack in the use of NSRF (National Strategic Reference Framework in order to address the latest crisis.