All Europe articles – Page 62
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Blog
How suppliers facilitate fraud and corruption
Compliance officers should always remember there is a bribe receiver in a corruption case. That is why it is important to know not only your third party, but also with whom you are doing business.
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Blog
Swiss regulator sanctions Gazprombank in wake of Panama Papers
Following revelations from the Panama Papers, Swiss regulators identified serious shortcomings in anti-money laundering processes regarding private clients at Gazprombank Switzerland and, thus, has banned it from accepting new private clients until further notice.
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Blog
FTI Consulting launches GDPR services
FTI Consulting has launched readiness services to help companies prepare for the EU General Data Protection Regulation, taking effect in May 2018.
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Blog
World Bank Group debars three companies in Argentina
The World Bank has debarred three companies in Argentina in connection with the companies’ fraudulent practice of knowingly misrepresenting work progress during a contract under the Second Provincial Agricultural Development Project in Argentina.
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Article
Equal pay fast becoming a U.K. compliance issue
Disputes over discrepancies in compensation are rapidly involving both boardrooms and human resources in ways that compliance will ultimately oversee.
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Blog
EU legislators reach agreement on revised Anti-Money Laundering Directive
The European Parliament and the Council of the European Union have reached an agreement on amendments to a fifth revision of the Anti-Money Laundering Directive, proposed by the European Commission last year. The revised Directive covers virtual currencies and anonymous pre-paid instruments and introduces enhanced safeguards for financial flows from ...
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Blog
SWIFT and CSDs join forces to advance blockchain for post-trade
SWIFT and seven central securities depositories have signed a Memorandum of Understanding to work together to demonstrate how distributed ledger technology could be implemented in post-trade scenarios.
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Blog
VW: The comeback begins
VW is currently demonstrating it can use a corporate scandal to wipe the corporate slate clean by refocusing on the emerging technologies for a greater business share.
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Blog
Chemring faces bribery probe by Serious Fraud Office
The U.K. Serious Fraud Office confirmed today that it has opened an investigation into Chemring Group and its subsidiary, Chemring Technology Solutions Limited (CTSL) following a self-report made by CTSL.
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Article
Post-Brexit, new U.K. sanctions laws and regulations needed
In the wake of Brexit, the United Kingdom is putting together its own sanctions regulations, but there is a lot of work yet to be done and many questions yet to be answered.
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Article
Financial services seeks stronger cyber-safeguards
A rising tide of sophisticated cyber-thievery has the financial services industry scrambling to improve its electronic defenses. But can they find a solution before the next big heist?
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Blog
OECD: Lithuania making ‘significant’ strides to fight foreign bribery
Lithuania has made significant strides to strengthen its legislative framework to combat foreign bribery, but further anti-bribery enforcement efforts are needed, according to a new report by the OECD Working Group on Bribery.
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Blog
Report stage begins on Sanctions and Anti-Money Laundering Bill
The Sanctions and Anti-Money Laundering Bill began its report stage this week, offering further opportunity to examine the bill and make changes. Two amendments to the bill were made.
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Blog
FCA issues list of unauthorised binary options providers
The U.K. Financial Conduct Authority this month published a list of 94 firms believed to be offering binary options trading to U.K. consumers without FCA authorisation. Since 3 January 2018, all firms trading in binary options need to be authorised by the FCA.
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Article
Responding to ‘right of access’ requests under GDPR
The degree to which the General Data Protection Regulation limits access to EU citizens’ personal data will create enormous data compliance challenges for companies.
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Blog
FCA fines and bans former RBS trader
The Financial Conduct Authority imposed a financial penalty of £250,000 on a former Royal Bank of Scotland interest rate derivatives trader, Neil Danziger, and prohibited him from performing any function in relation to any regulated financial activity.
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Blog
SFO: Tell-tale signs of money laundering
Serious and organised crime costs the United Kingdom an estimated £24 billion a year, states a new government report setting out the threats posed by money laundering. With the report, the government relaunched its “Flag it Up” campaign to raise awareness and show how the legal and accountancy sectors can ...
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Blog
Financial Conduct Authority appoints new chair
HM Treasury this week appointed Charles Randell as the new chair of the Financial Conduct Authority. He will take up the role on 1 April 2018 for a five-year term.
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Blog
ESMA statement supports smooth implementation of LEI under MiFID II
The European Securities and Markets Authority issued a statement to support the smooth implementation of Legal Entity Identifiers requirements under the Markets in Financial Instruments Regulation.
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Blog
Bank of England: New approach to supervising global banks
The Bank of England announced that it is consulting on an updated approach to authorising and supervising branches of global banks and insurers, prompting responses from HM Treasury and the U.K. Financial Conduct Authority.