Indian opposition takes to the streets against prime minister's currency ban

Opposition parties protested in major cities of India against the government's decision to withdraw higher-denomination banknotes from circulation to fight against black money, in a controversial move that has caused widespread cash shortages.

Indian Supreme Court refuses to stay govt's demonetisation move

India's Supreme Court Tuesday refused to stay the government's demonetisation move, but asserted that the "common man should not suffer".

Anger rising in India as banks slow to dispense cash to millions

Anger rose across India on Saturday as banks struggled to dispense cash after the government withdrew large denomination notes in a shock move aimed at uncovering billions of dollars of unaccounted wealth hidden from the taxman.

India: Banks to remain open this weekend to tackle rush after ban on Rs 500, Rs 1000 notes

Considering the rush of customers expected to exchange and deposit the banned denominations of Rs 500 and Rs 1,000 currency notes, banks in the country will remain open for public transactions on Saturday and Sunday, the Reserve Bank of India (RBI) said today.

India abolishes 500 and 1,000 rupee bills to fight corruption, terrorism

India pulled all of the country's 500 and 1,000 rupee notes out of circulation in a bid to crack down on black market and counterfeit currency, sending worried residents rushing to banks to withdraw cash for the coming days.

Petrobras Scandal : The judge approved the indictment against the ex-President of Brazil

The Brazilian judge approved the indictment against former Brazilian President Luiz inácio Lula da Silva. He is accused of obstructing investigation of corruption in state oil company Petrobras.

Thousands of Icelanders protest against PM's tax haven allegation

Thousands of Icelanders gathered in front of the parliament on Monday evening to express their anger against the government following the release of the so-called "Panama Papers", which suggest Icelandic prime minister Sigmundur David Gunnlaugsson and other two cabinet members have ties to offshore companies.

Panama Papers include entities with North Korea ties

Individuals and entities that have done business with North Korea, Iran and Syria are included in the Panama Papers, the leaked files of 11 million documents from law firm Mossack Fonseca.

Turkey moves to ratify key CoE convention against financing of terrorism

The Turkish government has moved to boost its contribution in global counter-terrorism efforts by ratifying a key convention of the Council of Europe (CoE), of which it is a founding member state.

Turkish banks raided in Russia over ‘money laundering’ claims

Four Turkish banks in Russia were raided by agents from Russia’s Federal Security Forces (FSB) to investigate “suspicions of money laundering” on Dec. 17, according to sources.

Russia ready to give struggling Cyprus more money

Russia could provide support to Cyprus but the island state itself and the European Union must take the biggest share of a bailout, Russian Prime Minister Dmitry Medvedev has told a German newspaper.

The Mediterranean island, waiting for a multi-billion euro bailout after heavy exposure to debt-crippled Greece, has had to contend with misgivings from lender states on how committed it is to fighting money laundering and why the island is a magnet for Russian money.
Cyprus offers the eurozone's lowest nominal corporate tax rate and has had close political ties with Russia for decades.

Akis Tsohatzopoulos arrested ...

Accused of money laundering

 Executing the warrant of the First Instance Court, police men, the Financial Crime unit and judicial officials arrested the former minister of National Defence Akis Tsohatzopoulos, outside his residence in Dionysiou Areopagitou street few minutes before 11 am on Great Wednesday.

"We are going to the investigating judge, we'll talk over there," said the former minister at the entrance of the General Police Directorate of Attica where he was led to before being moved the to the Courts.