EU to suggest new physique to deal with soiled cash, paperwork say

Flags of the European Union flutter in front of the headquarters of the EU Commission in Brussels, Belgium, May 5, 2021. REUTERS / Yves Herman / File Photo / File Photo

LONDON, July 7 (Reuters) – The European Union is set to propose a new anti-money laundering agency and new transparency rules for the transfer of crypto assets, EU documents showed on Wednesday as the bloc on calls for tougher measures to combat it money reacts to dirt.

Europe has come under pressure to step up anti-money laundering enforcement after several countries began investigating Danske Bank over € 200 billion in suspicious transactions through its tiny Estonian branch between 2007 and 2015.

In the absence of an EU-wide authority to stop dirty money, Brussels has relied on national regulators to enforce its rules, but they have not always fully cooperated.

“Money laundering, terrorist financing and organized crime remain major issues that should be addressed at Union level,” Reuters said in documents.

The executive European Commission of the EU is proposing a new anti-money laundering authority (AMLA), which is to become the “heart” of an integrated supervisory system that also consists of national authorities, according to the documents.

“By directly overseeing and making decisions on some of the riskiest entities in the cross-border financial sector, the Authority will directly help prevent money laundering / terrorist financing incidents in the Union,” the documents read.

“At the same time, it will coordinate the national supervisory authorities and support them in increasing their effectiveness in enforcing the uniform set of rules and ensuring homogeneous and high-quality supervisory standards, approaches and risk assessment methods.”

The EU AML rules will become directly binding on member states to prevent criminals from exploiting differences between national regulators, the documents say.

Another proposal would introduce new EU requirements for service providers of crypto assets to collect and make accessible data on the originators and beneficiaries of transmissions in these assets.

Transfers of such virtual assets are currently outside the scope of EU financial services rules.

“The absence of such rules exposes crypto-asset owners to money laundering and terrorist financing risks, as illegal cash flows can occur through transfers of crypto-assets,” the documents read.

Sven Giegold, German Greens MP in the European Parliament, said the European Commission had put together a strong package against money laundering. Parliament and the EU countries will have the final say on the proposed rules.

“With uniform standards and more centralized supervision, the EU Commission is introducing important improvements to enable a consistent approach to financial crime,” said Giegold. In the meantime, the EU should take legal action against EU states that fail to properly enforce AML rules, he added.

Reporting by Huw Jones; Adaptation by Giles Elgood

Our standards: The Thomson Reuters Trust Principles.

Cleveland Metropolis Council subpoenas for dark-money paperwork in anti-CPP effort go unanswered

CLEVELAND, Ohio – A nonprofit at the center of a $ 60 million corruption scandal has failed to respond to Cleveland City Council subpoenas for documents relating to alleged funding of an alleged Cleveland effort by FirstEnergy.

The Council in February Subpoenas to legal representatives of Generation Now Inc. in Delaware and Generation Now Ohio Inc. of Columbus, sophisticated records.

“They just didn’t answer,” City Council President Kevin Kelley said in an interview with on Thursday and The Plain Dealer.

Attempts to reach Generation Now for comment were not immediately successful.

Kelley said the council will consult lawyers to determine what, if anything, happens next.

City council had previously subpoenaed records of consumers against fraudulent charges, a dark money nonprofit that publicly criticized the CPP and CPP sent out leaflets to residents, in which the tariffs and services of the city electricity supplier were reduced.

This organization, which has since been dissolved, refused to comply with the request of the council, citing a violation of the freedom of speech of the organization.

The city council issued the subpoenas granted under authority in Cleveland’s charter – a power that has not been exercised for more than two decades.

Kelley and his fellow councilors want to know where consumers obtained $ 351,000 against fraudulent charges in 2018. They suspect the money came from FirstEnergy, CPP’s competitor.

The links between FirstEnergy and consumers against fraudulent charges were exposed in the fallout of the state house bribery scandal around HB 6, a legislative rescue of nuclear and coal power plants.

Records have shown that consumers received $ 200,000 from Partners in Progress against fraudulent charges in 2019. It was part of a larger sum of money the pass received from FirstEnergy.

An FBI affidavit and tax returns show Partners for Progress received $ 20 million from FirstEnergy and its affiliates. Partners for Progress donated $ 13 million to Generation Now as well as minor contributions to consumers against fraudulent charges and other groups.

In February, Generation Now admitted its share in the scandal and signed a pledge of guilt against charges under the Racketeer Influenced and Corrupt Organizations Act.

In a plea agreement, the nonprofit with the dark money said it was set up to “raise undisclosed donations that benefit householders and move forward [Larry] Efforts by households to become Speaker of the Ohio House of Representatives. “

Householder and two others pleaded not guilty to federal extortion charges. One of both, The lobbyist Neil Clark died in March.

Two others pleaded guilty last October.

FirstEnergy has not been billed and the company has announced that it will be working with investigators.

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Demi Lovato paperwork overdose in new video | Leisure

Demi Lovato says it was her decision to document her overdose in her new video.

The “confident” hitmaker was hospitalized after suffering a near-fatal drug overdose in 2018. As part of her new music video “Dancing with the Devil”, she visually documents how she is connected to a ventilator in the hospital.

Speaking to SiriusXM’s The Morning Mash Up, she said, “That was my decision. And I wanted to take you through this night on a deeper level because I felt like I described it in so much detail in the documentary that I did it obviously did. ” I didn’t have to talk about it again. But I wanted to give that a picture and I wanted people to have a better visual understanding of what happened that night. “

Meanwhile, Demi previously admitted that her substance abuse “temporarily saved her life”.

She stated, “When people are using drugs or dealing with an eating disorder or self-harm they want to die.

“In the same way, it almost killed me, it saved my life at times because there were times when I dealt with suicidal thoughts. And if I had done that at that moment instead of some other destructive coping mechanism, I would don’t do it. ” Be here to tell my story … I turned to these mechanisms because I was really in so much pain that I didn’t want to die and didn’t know what else to do. “

The 28-year-old singer also announced that she smoked marijuana “in moderation” and drank alcohol instead of being completely sober.

She recently said, “I’ve learned that it doesn’t work for me to say that I’ll never do this again … I know I’m done with the stuff that will kill me, don’t I? Tell me myself the feeling that I can never have a drink or smoke marijuana. I feel like I am embarking on failure for being such a black and white thinker. I’ve had it bored in my head for so many years that a drink was synonymous with a crack pipe … [I’ve] smoked weeds and drank in moderation. “

Hull man accused of forging paperwork to get CARES Act cash

BOSTON – A man from Hull is accused of filing fraudulent documents to obtain federal loans under a program designed to give money to companies affected by the pandemic.

Shane Spierdowis, 30, was charged with wire fraud in a criminal complaint. He was arrested Friday and later appeared for the first time in federal court in Boston.

He faces up to 20 years in prison and fines of up to $ 250,000.

In the complaint, investigators said Spierdowis used fake social security numbers, a fake driver’s license, and fraudulent documents like tax forms to apply for loans from the U.S. Small Business Administration under the Coronavirus Aid, Relief, and Economic Security Act, commonly known as the CARES law.

Investigators said Spierdowis received a Paycheck Protection Program loan of $ 101,517 on behalf of a limited liability company and a $ 89,900 loan for catastrophe losses on behalf of a separate company in February.

The forged documents show Spierdowis as presidents of both companies and reflect fictitious payments of thousands of dollars he made to non-existent employees in 2019, investigators said.

In reality, Spierdowis was in federal detention from May 2019 to June 29, 2020 after pleading guilty to parole violation under a sentence he received following a conviction in a separate stock manipulation scheme.

The names of the companies that were set up to receive the loans were never mentioned in previous court documents attempting to convince the court that Spierdowis was looking for work, prosecutors said.

The rump police helped the US secret service with the investigation.

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Joe Difazio can be reached at Follow him on Twitter @jldifazio.