TAG: Financial crime/fraud
Court dismisses traders’ appeal to overturn convictions for rate rigging
LONDON — Britain's Court of Appeal on Wednesday dismissed an attempt by two former traders to overturn their convictions for interest rate rigging in the lead up to the global financial crisis in 2008.Tom Hayes, a former Libor trader at Swiss bank UBS, wa...
6 months ago
Fraud-busters swoop on Greek contracts involving €2.5B of EU recovery funds
ATHENS — Authorities are investigating allegations of fraud linked to the way €2.5 billion in EU funds has been awarded to just 10 companies in Greece, POLITICO can reveal. The offices of the country’s three telecommunications firms — Cosmote, Vodafone an...
6 months ago
Greek opposition seizes on EU funds fraud allegations
ATHENS ― Rival politicians in Greece are demanding answers over fraud accusations linked to the way €2.5 billion in EU funds was awarded to just 10 companies.Opposition parties claim the country's center-right government, led by Prime Minister Kyriakos Mi...
5 months ago
How dirty Russian money taught Latvia to get serious on sanctions
RIGA — When your most important ally swoops in and closes your third-largest bank while calling it a “money laundering institution,” it’s time to roll up your sleeves and get to work.That’s exactly what Latvia did when confronted by the U.S. Treasury Depa...
4 months ago