Greece

WHITE-COLLAR and organized criminal activities are well established throughout Greece. Tax evasion, embezzlement of company funds, and the sale of fictitious insurance plans are examples of financial crimes conducted by white-collar criminals in the ancient nation. White-collar criminals also generate illicit funds through check, credit card, insurance and securities fraud, and embezzlement. The illicit profits garnered by white-collar criminals are routinely transferred through a variety of banking and non-banking institutions

For example, casinos, once nationalized, are now privatized, and create a potential vulnerability for money laundering. Additionally, Greek government bonds are held anonymously, purchased in cash, and ownership reporting is not required, so long as the value of the bonds remains under an approximately $15,000 threshold. Domestic media reports routinely link Greek organized criminal gangs to ...