by Jyotsna Bucktowar | Mar 28, 2024
Over a third of the most-threatening criminal networks in the European Union are laundering their profits through real estate, according to a report on organized crime across the region. Europol, the EU agency for law enforcement cooperation, found that among the...
by Jyotsna Bucktowar | Jan 28, 2024
The alert emphasizes the necessity for the art sector to perform routine due diligence assessments to monitor any alterations in a client’s situation. Criminals, including those under sanctions, exploit these services to evade sanctions and…
by Jyotsna Bucktowar | Oct 17, 2023
The Parliament highlights that the rules on identifying customers’ beneficial owners “have to be calibrated correctly and fit well within customer due diligence processes”. It also indicates that the ‘control exercised via other means’ criteria needs to be clear,...
by Jyotsna Bucktowar | Oct 12, 2023
The Council of the European Union adopted a new sanctions framework to impose sanctions against those undermining the stability and political transition of Sudan and providing for a travel ban, the freezing of funds, and a prohibition on making funds...
by Jyotsna Bucktowar | Jul 6, 2023
According to the proposal, violating and circumventing the sanctions should be punishable criminal offences carrying prison sentences of a maximum of five years and fines of up to ten million euro. When companies violate or circumvent sanctions, they should be...
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