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money laundering

Cyprus Suspends Golden Visa Program Due to Corruption Allegations

The nation of Cyprus has abruptly stopped the issuance of Golden Visas after a press report  and video showed alleged corruption in the process, in which foreigners were welcomed to pay for a visa allowing them residence in the...

Witness: I Helped Jailed Greek Ex-Minister Send €2.5 Million Abroad

A civil engineer who testified prior to the arrest of former minister Yiannos Papantoniou and his wife Stavroula Kourakou on money laundering charges, told prosecutors that he had helped the couple transfer €2.5 million in cash abroad. Papantoniou and his...

Occupations at High Risk of Money Laundering in Greece

Realtors, lawyers, accountants, notaries, members of the banking industry, high-end retailers, and money transfer agents are in the high-risk money laundering group in Greece, according to a Finance Ministry report. The report entitled "National Money Laundering and Terrorist Financing Risk...

Greece's Ex-Minister Papantoniou to Testify on Money Laundering

  Greece's former Economy and Finance Minister, Yiannos Papantoniou, and his wife Stavroula Kourakou were given an extension to prepare their testimony on charges of money laundering by a court in Athens on Thursday. Both appeared at the investigator’s office with their solicitor,...

Former Greek Minister Guilty of Receiving Bribe from Siemens

Tasos Mandelis, a former socialist transport minister, was found guilty of money laundering in the Siemens kickbacks case, and was handed an eight-year suspended sentence. Judges ruled that Mandelis had received 450,000 German marks as a bribe for a contract...

Russian Wanted by the FBI for Running Massive Laundering Ring Arrested in Greece

A Russian man was arrested in Chalkidiki, northern Greece, suspected by the U.S. authorities of running a multi-billion money laundering operation. According to Greek police, the 38-year old man was arrested at a luxury hotel where he was holidaying with...

Justice Minister: Greece Ready to Provide Information to Other States on Money Laundering

Greece is ready to provide information to other states on cases of possible money laundering, Justice Minister Stavros Kontonis said on Wednesday, speaking at a parliamentary committee debating a draft bill which ratifies the 2005 Warsaw Treaty on the...

Ex-Defense Minister Tsochatzopoulos' Prison Release Delayed

Former defense minister Akis Tsochatzopoulos, convicted to 20 years in prison for money laundering in 2013, will be held in prison just a few more days after raising 200,000-euros in bailout money ordered by an Athens appeals court.  His...