Rich Estonians who invested in the real estate of the Black Sea seaside resort in Varna, Bulgaria, with hopes of fat profits, were scammed by the local Chechen criminal gang, according to story supported by Journalismfund.eu.
BRUSSELS - "A money laundering scheme could only be revealed through cross-border cooperation", says the team behind money laundering story supported by Journalismfund.eu. An Estonian team started out and in cooperation with a Bulgarian colleague revealed several stories including party funding and a pyramid-style investment scheme.
Working grant - Money Laundering in Estonia
TALLINN - According to experts, Estonian financial institutions are popular among criminals for laundering money because Estonia offers cheaper currency transactions than Russia and less regulation than in the EU. Its convenient location for such transactions adds to the appeal.