Member of the UK’s Justice Select Committee, Paul Maynard has warned that recent efforts to tackle dirty money only fixes “half the problem.”
Mr Maynard said government efforts to tackle economic fraud were quietly undergoing a “revolution.”
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Anti-money laundering: Estonia makes progress with targeted financial sanctions on terrorism and terrorist financing
MONEYVAL
Estonia has improved its efforts towards implementing targeted financial sanctions related to terrorism and terrorist financing, concludes MONEYVAL in a new follow-up report. However, further steps are needed for the full or large compliance with the recommendations which Estonian authorities requested for a review.
Estonia has enlarged the scope of assets subject to freezing as part of targeted financial sanctions related to terrorism and terrorist financing (Recommendation 6). As a result, the country has been re-rated from “partly compliant” to “largely compliant” with Financial Action Task Force (FATF) Recommendation 6.
Bulgaria: Four charged with €94.5 million fraud involving railway signalling systems
European Public Prosecutor's Office
(Luxembourg, 13 January 2025) – The European Public Prosecutor’s Office (EPPO) in Sofia (Bulgaria) has brought charges of fraud against four suspects, following an investigation into a project to design and build signalling and telecommunication systems on the Bulgarian rail network. The project, which concerns the railway section between Plovdiv and Burgas, is worth over €94.5 million (BGN 184 999 094, 97) in EU financing.