Laundering

An Istanbul court has arrested an influencer, widely known in the country for her opulent and ostentatious lifestyle portrayed through her social media posts, on multiple charges encompassing money laundering and tax evasion through several beauty centers and other enterprises.

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."

According to her, the NBS plans to introduce the new service as part of its instant payments solutions, launched last October.

"Customers will be able to make payments using Skype or visual identification," Tabakovic said, and added:

A hearing on a money-laundering probe linked to the acquisition of a C4I security system by Greece for the 2004 Athens Olympics was adjourned on Friday, due to a lack of heating in the court room.

All nongovernmental organizations active in Greece will be recorded on a new database being created by anti-money laundering authorities.

Spearheaded by Supreme Court deputy prosecutor Anna Zairi, the initiative is aimed at creating a national register that will make it easier for authorities to supervise all aspects of the operation of NGOs, particularly with regard to funding.

Europol's head is calling for tighter controls after an analysis found money laundering goes mostly uninvestigated, despite banks alerting police to record numbers of suspicious transactions. 

European banks flagged almost one million transactions suspected of laundering money in 2014, the latest year for which data is available, the law enforcement agency said on Sept. 5. 

The daughter of former banker Tsvetan Vasilev, Radoslava Vasileva, is charged with money laundering. A prosecutor's decree was issued for her detention in the period of 72 hours. This is what Vassilev's wife Antoaneta Vassileva said in an open letter to President Rumen Radev, published on the website of the former head of the bankrupt KTB Bank, reports SEGA. 

Israeli police arrested a French-Israeli billionaire Beny Steinmetz and several businessmen in an international investigation of money laundering, said the source familiar with the investigation from France Press.

Owners of private television stations will have to submit declarations listing the provenance of all of their assets, a form known as "pothen esches" in Greek, after the Council of State Wednesday rejected a request by their union, EITISEE, that they be exempt from the obligation.

A former senior Defense Ministry official, two brokers and two entrepreneurs have appealed to Greece's Supreme Court to overturn a ruling indicting them for allegedly pocketing kickbacks from old defense deals.