Global Witness, Transparency International EU, Open Society European Policy Institute and twelve other organisations welcome adoption of a new sanctions regime by the European Union to target human rights abusers worldwide. However, we urge the EU...
Europe is awash with the stolen wealth of kleptocrats, but there is no system for confiscating and returning this loot. We call for a system underpinned by these 10 principles. EU countries are a favourite destination for the assets of corrupt...
Transparency International welcomes the European Commission’s decision to launch infringement procedures against Cyprus and Malta over apparent breaches of Union law. The move follows multiple scandals surrounding the sale of citizenship to...
Need for legislative solution to golden visa programmes in the EU remains The government of Cyprus has announced that it will abolish its controversial citizenship–by-investment scheme as of 1 November 2020. The decision follows multiple...
The FinCEN files, released yesterday by the International Consortium of Investigative Journalists (ICIJ) and BuzzFeed News, highlight the need for better anti-money laundering measures in the European Union in the form of an independent...
Transparency International EU welcomes the outcome of a European Ombudsman inquiry, which has found that European Banking Authority (EBA) should not have allowed its former Executive Director, Adam Farkas, to become the head of a large financial...
By Laure Brillaud and Maíra Martini Recent money laundering scandals have shown how indispensable European banks and other intermediaries have been in helping – either knowingly or negligently – design and run dodgy schemes. This casts serious...
By Laure Brillaud and Maíra Martini On 24 July, the European Commission (EC) released a communication addressed to the European Parliament and the Council towards better implementation of current European anti-money laundering (AML) rules. In a...
Transparency International urges EU Member States not to bow to pressure from named countries to reject the EU’s first independent anti-money laundering blacklist when they meet in Brussels this Thursday. The list of 23 blacklisted jurisdictions...
