Yesterday, French-Italian whistleblower Hervé Falciani was arrested in Spain. Falciani worked as an IT specialist at the Swiss spin-off of HSBC. In 2006 and 2007 he passed on the data of more than 100,000 wealthy clients to the then French Minister of Finance, Christine Lagarde. The French government shared the data with its EU counterparts […]
Selmayr: Tough draft resolution by the Parliament
After a lively hearing with Commissioner Günther Oettinger the budgetary control committee of the European Parliament has put forward a tough draft resolution on the appointment of Martin Selmayr. As a consequence of the hearing the resolution criticizes in unambigious terms the intransparent appointment procedure and calls for change. The resolution is now open to […]
Skripal case: EU countries should commit themselves to European values instead of being seduced by Russian money
A majority of EU Member States, in response to the Skripal case, have expelled Russian diplomatic intelligence officials from their countries, thereby expressing their solidarity with Britain. Unfortunately, ten countries are not participating in the European action: Austria, Luxembourg, Greece, Bulgaria, Malta, Cyprus, Slovakia, Slovenia, Belgium and Portugal. MEP Sven Giegold, spokesperson of the […]
Money laundering: Members of the European Parliament call on the ECB to investigate Maltese banking sector
Members from all major political groups in the European Parliament are calling in a letter to ECB President Mario Draghi to investigate whether the severe allegations of money laundering against Pilatus Bank warrant the withdrawal of the authorisation and whether the business model of other Maltese credit institutions pose risks stemming from financial criminality. […]
New money laundering scandal in the banking sector: ECB must present action plan on financial crime
The money laundering scandals in the banking sector in the euro zone are accumulating. Yesterday, the European Central Bank (ECB) withdrew the licence from the Estonian Versobank because of serious breaches of anti-money laundering rules. Only a month ago, the Latvian ABLV Bank was closed after allegations of money laundering following warnings by US authorities. […]
Slovakia: MEPs send letter to European Anti-Fraud Office to investigate fraudulent use of EU agricultural subisidies alleged by murdered Ján Kuciak
Brussels, 14 March 2018 To: Mr Nicholas Ilett, Acting Director General, European Anti-Fraud Office Subject: Investigation into alleged EU funds and agriculture subsidies frauds in Slovakia Dear Mr. Ilett, We are writing to request that the European Anti-Fraud Office start an immediate investigation into alleged fraud and mismanagement in the spending of EU funds […]