Greece seen winning fight on money laundering

Greece is no longer seen as a black sheep with regard to the fight against money laundering and graft, according to official data released by the Financial Action Task Force (FATF), the head of a watchdog responsible for investigating financial crimes said Monday.

Responding to a question in Parliament, Panayiotis Nikoloudis, who is vice prosecutor general of the Greek Supreme Court and president of the National Agency for Combating Money Laundering, said that according to official data due for release later this year,

Greece is a ?role model? in the fight against money laundering. Nikoloudis said his agency successfully investigated 162 cases in 2011 and seized 223,982,146 euros in illegal money.