All Europe articles – Page 53
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Blog
Danske Bank provides update on AML probe in France
Danske Bank said it might again become subject to a formal investigation in France, instead of being an assisted witness, in connection with an ongoing investigation into organised money laundering of tax evasion proceeds.
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Blog
New U.K. government taskforce to tackle economic crime
The Home Secretary and Chancellor will jointly chair a new government taskforce, the Economic Crime Strategic Board, to work with senior figures from the U.K. financial sector to tackle economic crime, the U.K. government announced on 14 January.
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ArticleAmple fallout from May’s Brexit vote defeat
British regulators and Members of Parliament had some serious comments and concerns after Tuesday’s 432-to-202 vote against U.K. Prime Minister Theresa May’s Brexit plan.
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May’s Brexit plan suffers historic defeat
With one of the most devastating losses in the history of British politics, Prime Minister Theresa May was handed a rebuke of her proposed Brexit framework for the future relationship between the European Union and the United Kingdom.
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Brexit vote unlikely to produce clarity, so government prepping businesses for the worst
While the current Brexit deal (set to be voted on Tuesday evening) remains the U.K. government’s top priority, it understands preparation for all scenarios is necessary.
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Article
EU investigates Nike over tax
The European Commission has opened an in-depth investigation to examine whether the Dutch government unfairly helped U.S. sportswear company Nike avoid paying taxes on its European profits through a series of favourable tax rulings.
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ArticleStudy: Blowing the whistle won’t harm the bottom line
A new study from NAVEX Global reveals whistleblower hotlines don’t often prove detrimental to business outcomes.
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ArticleUnderstanding the territorial scope of the GDPR
EU companies should scrutinize new guidelines from the European Data Protection Board that signal the long arm of the GDPR extends far beyond the European Union.
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Blog
SFO: Former global sales director of Alstom Power sentenced in bribery case
Nicholas Reynolds received four years and six months imprisonment and was ordered to pay costs of £50,000 (U.S. $62,930) for his part in a conspiracy to bribe officials in Lithuania’s Elektrenai power station and senior Lithuanian politicians in order to win two contracts worth €240 million (U.S. $273 million), the ...
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Blog
French court fines Total SA €500,000 in Iran bribery case
The Paris Criminal Court on Dec. 21 found French oil and gas company Total SA guilty of bribing a foreign public official and ordered the company to pay a €500,000 (U.S. $570,000) fine.
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Blog
Will the EU improve its monitoring of money-laundering threats?
EU ambassadors on 19 December 2018 agreed to give the European Banking Authority (EBA) more power over anti-money-laundering supervision for financial institutions, but some doubt the effectiveness of these measures.
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Blog
U.K. government further tightens AML net
A reform package introduced recently by the U.K. government aims to increase transparency and tackle corruption in limited partnerships.
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ArticleAs deadline nears and ‘Brexhaustion’ sets in, still no deal in sight
With less than 100 days until Brexit and the sides taking a break until mid-January, it’s looking inevitable that anxious businesses will not have long-sought certainty on the issue until the clock ticks close to zero.
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Article
U.K. Financial Reporting Council receives scathing review
An independent review of U.K. corporate governance regulator and audit watchdog the Financial Reporting Council calls the agency a “hangover from a bygone era.”
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Article
CMA looks at tackling Big Four’s stranglehold of U.K. audit market
The audit market is facing serious scrutiny from the U.K. Competition and Markets Authority, which hopes to carve out external audit from consulting, impose a “joint audit” regime, and increase audit committee chair accountability.
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Blog
FRC issues corporate governance principles for private companies
The Financial Reporting Council (FRC) issued its long-awaited corporate governance standards for private companies, providing a framework to help the companies meet legal requirements and improve and disclose their governance.
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Article
Ted Baker launches probe into CEO ‘hugs’
Ray Kelvin, the founder of fashion retailer Ted Baker, stands accused of giving unwanted hugs to employees and has stepped down temporarily amid an investigation into allegations of sexual misconduct against him.
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Blog
Amid likely defeat, May delays Brexit vote by MPs
Amid faltering odds that became apparent during three days of debate, British Prime Minister Theresa May has, at least temporarily, withdrawn her much-maligned Brexit plan from Parliamentary voting consideration.
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Article
MPs release ‘secret’ Facebook e-mails
The U.K.’s Digital, Culture, Media and Sport (DCMS) Committee has released 250 pages of e-mails that show Mark Zuckerberg and other senior executives at Facebook gave certain app developers special access to user data.
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Blog
Anti-corruption efforts in sports gaining global steam
More than 100 ministers, international sports organizations, and experts from around the world met in London on Dec. 6 to reaffirm their global commitment toward tackling corruption in sport.