All Europe articles – Page 39
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ArticleCredit Suisse faces FINMA enforcement in corporate espionage case
Credit Suisse is learning the hard way that spying on former colleagues is frowned upon, following announcement of an enforcement proceeding against the Zurich-based bank by the Swiss Financial Market Supervisory Authority.
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ArticleFCA proposes expanding scope of financial crime reporting obligations
The U.K. Financial Conduct Authority seeks comment on a new proposal that would widen the scope of its annual financial crime reporting obligations to include firms whose regulated activities potentially pose a higher money laundering risk.
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ArticleEU data authorities take different approaches to Privacy Shield ruling
It appears Europe’s data authorities are prepared to interpret a key court judgement as they see fit in the absence of definitive guidance from the bloc’s primary privacy regulator.
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ArticleWhat the Wirecard story tells us about red flags, healthy skepticism
How we came to learn about the fraud allegedly perpetrated by Wirecard offers important lessons in compliance and corporate governance, writes financial crime expert Martin Woods.
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ArticleCredit to KPMG for shining a light on fraud at Wirecard
A scathing report on the extensive fraud at German payment giant Wirecard had a compliance silver lining: KPMG’s by-the-books, transparent approach to a special audit helped bring that fraud to light.
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ArticleAssessing U.K. sanctions in a post-Brexit world
Can the United Kingdom play with the big boys when it comes to issuing its own sanctions, and what do compliance professionals need to know as Brexit’s start date looms closer?
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ArticleClash over draft Twitter GDPR decision exposes differences among EU authorities
As Ireland’s first GDPR decision against Big Tech hangs in limbo, experts are scratching their heads as to why a seemingly straightforward case is headed to the EU’s data governing body to rule on.
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ArticleJury’s out on Wells Fargo compliance moves; Twitter #fail for Irish DPC
While it’s not yet clear whether Wells Fargo’s compliance moves (including the loss of its CCO) will pay off, we’re much more certain about the Irish Data Protection Commission’s stance on a potential Twitter fine.
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ArticleHow far is too far with employee monitoring? Barclays case could offer litmus
The U.K. Information Commissioner’s Office is investigating allegations that Barclays Bank had effectively been spying on employees by using an intrusive software system that monitored workers’ activity.
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ArticleEU privacy advocate targets Facebook, Google in latest salvo
Privacy campaign group NOYB has filed complaints against 101 websites with European operators that it says are still sending data to the U.S. via Google and/or Facebook integrations—potentially in breach of the EU’s strict data privacy rules.
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ArticleDaimler projects over $2B to resolve U.S. emission cheating allegations
Daimler AG, the parent company of car maker Mercedes-Benz, predicts it will spend over $2 billion to settle emission tampering allegations by U.S. regulators and a related class-action lawsuit.
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ArticleOracle, Salesforce targeted in class-action GDPR lawsuits
A European privacy group is pursuing multiple class-action lawsuits against Oracle and Salesforce for alleged violations of the EU’s General Data Protection Regulation, estimating damages sought could exceed €10 billion (U.S. $11.9 billion).
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ArticleReport: Trading activity by German regs spiked ahead of Wirecard collapse
Staff members of Germany’s financial regulator, BaFin, were reportedly buying and selling Wirecard shares at a suspiciously higher rate leading up to the collapse of the FinTech firm.
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ArticleMcDonald’s handling of ex-CEO scandal gets compliments, criticism
A fresh podcast from the Theranos whistleblower and a new compliance association for Black practitioners get a round of applause from us this week, while a complicated case involving McDonald’s lands the company on both the “Nailed It” and “Failed It” lists.
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ArticleWithout guidance, U.S. companies in limbo after Privacy Shield scrapped
Despite a recent court ruling to scrap the EU-U.S. Privacy Shield, the program is apparently still alive and well in the United States. It’s time to move on, writes Aaron Nicodemus.
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ArticleSFO confiscates $7M from ex-Afren execs in fraud case
The U.K. Serious Fraud Office announced it has secured orders confiscating £5.45 million (U.S. $7 million) from two former executives of oil and gas exploration company Afren.
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ArticleU.K. issues maritime guidance for reducing sanctions risk
The United Kingdom has become just the second country to issue guidance for companies in the maritime shipping industry alerting them about common illicit and suspicious practices used to evade sanctions.
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ArticleFive tips for EU-U.S. data transfers post-Privacy Shield
As the fallout from the demise of the Privacy Shield continues to play out, here are a handful of steps companies can take to protect themselves from potential GDPR violations when transferring data between the European Union and the United States.
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ArticleBritish Airways banking on drastic reduction of record GDPR fine
British Airways has hinted that it will qualify for a nearly 90 percent reduction of its original GDPR fine (U.S. $230 million) and end up paying just $26 million.
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ArticleSFO charges Airbus subsidiary for corrupt acts in Saudi Arabia
The U.K. Serious Fraud Office announced charges against GPT Special Project Management and three individuals concerning a criminal investigation that began eight years ago into allegations of misconduct in Saudi Arabia.