Guardian

Lithuanian businessman accused of major tax evasion

March 12, 2025

Prosecutors in Lithuania have forwarded a criminal case to the court in which five persons are charged with fraud as part of an organised group. The case also involves fraud [..]

Guardian

Germany sees sharp rise in lower-denomination counterfeit cash

February 21, 2025

The number of counterfeit banknotes discovered in Germany rose again sharply in 2024, and reached the highest level since 2017, according to figures released on Friday by the German Bundesbank [..]

Guardian

Former Swedbank CEO convicted in money laundering case

September 11, 2024

A former chief executive of Swedbank was sentenced on Tuesday to 15 months in prison by a Swedish appellate court for deceiving investors about the bank’s links to a money [..]

Latvia

Clients of Latvia’s four largest banks were defrauded of EUR 8.432 million in first five months

June 27, 2024

Clients of Latvia’s four largest banks were defrauded of 8.432 million euros in the first five months of this year, by confirming payments themselves, which is 94.3 percent more than [..]

Estonia

Scammers once again defraud people out of thousands of euros in Estonia

May 6, 2024

The East Prefecture of the Estonian Police and Border Guard Board are investigating cases that once again saw people scammed out of thousands of euros by fraudsters. On May 2, [..]

Estonia

18-25-year-olds easy prey for recruitment into money laundering schemes

March 28, 2024

According to SEB Estonia, practice shows that young people aged 18-25 are an easy target for fraudsters recruiting for money laundering schemes. Katlin Kukk, manager of SEB’s security center, said [..]

Lithuania

Stepukonis embezzled EUR 40.4 mln from BaltCap fund companies, investigation shows

February 28, 2024

Sarunas Stepukonis embezzled 40.4 million euros from BaltCap Infrastructure Fund’s portfolio companies, BaltCap said on Tuesday, citing the results of an internal investigation conducted jointly with a team of external [..]

Lithuania

Frankfurt beats Vilnius, other cities to host EU anti-money laundering agency

February 23, 2024

The European Union’s new Anti-Money Laundering Authority (AMLA) will be based in Frankfurt, which beat off competition from eight other contenders including Vilnius. According to BNS sources in EU bodies, [..]

World

A total of 653 counterfeit euro banknotes found in Finland last year – growth by 39%

January 31, 2024

During 2023, a total of 653 counterfeit euro banknotes were detected among banknotes in circulation in Finland. The number has increased slightly from the previous year, but is still very [..]

Latvia

Clients of Latvia’s 4 largest banks defrauded of EUR 12.662 million in 2023

January 29, 2024

Scammers defrauded clients of Latvia’s four largest banks of EUR 12.662 million last year – 5.2 percent more than in 2022, with the clients themselves enabling the transactions, according to [..]