All Europe articles – Page 10
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News BriefNew European AML agency nearing adoption
A new agency to supervise high-risk financial institutions across the European Union regarding their anti-money laundering and countering the financing of terrorism activities gained provisional approval.
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PremiumTop ethics and compliance failures of 2023
A virtual currency exchange that sought to mislead regulators, banks failing after ignoring obvious risks, and a manufacturer that sold millions of its products in violation of U.S. export controls are among those that make up CW’s list of the biggest ethics and compliance fails of 2023.
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Blog
Volvo Cars appoints general counsel, legal chief
Volvo Cars announced the appointment of Helen Hu as general counsel and chief legal officer.
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PremiumExperts: More privacy rules, enforcement expected in 2024
Businesses can prepare for a bumpy ride as the 2024 global landscape of data privacy and other related laws and regulations begins to take shape.
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Blog
Ahold Delhaize appoints chief sustainability officer
Retail and wholesale holding company Ahold Delhaize announced Alex Holt was appointed chief sustainability officer and member of the executive committee.
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News BriefAI Act moves toward final approval
The European Union’s landmark legal framework to regulate artificial intelligence received political agreement, moving one step closer to official adoption.
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PremiumAI in 2024: More business use, more fraud risks
Use of generative artificial intelligence by businesses will ramp up in 2024, as will risk of AI-driven cyberattacks and fraud, according to experts.
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Blog
Calliditas names group general counsel
Pharmaceutical company Calliditas Therapeutics appointed Brian Gorman as group general counsel.
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News BriefTrafigura to reserve $127M for DOJ settlement over Brazil bribes
Singapore-based commodity trading company Trafigura said it will disclose a $127 million provision related to the resolution of a Department of Justice investigation into alleged improper payments made in Brazil by former employees.
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News BriefDeutsche Wohnen earns CJEU win in high-profile GDPR appeal
German property company Deutsche Wohnen’s court win regarding a penalty levied against it for alleged violations of the General Data Protection Regulation carries notable ramifications for enforcement of the EU privacy law.
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PremiumCompanies must hold insurers to account on AI use
Insurers embracing artificial intelligence-based technologies might pose serious risks to companies buying insurance if the risk data used to price their insurance premiums is used to train AI algorithms or shared on commonly used chatbots like ChatGPT.
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Blog
European Stability Mechanism names general counsel
The European Stability Mechanism appointed João Gião as its general counsel.
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Blog
EuroAPI appoints chief legal, compliance officer
Pharmaceutical ingredients company EuroAPI announced the appointment of Marion Santin as chief legal, compliance, and IP officer, as part of its executive committee.
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PremiumMore companies enter ‘discovery phase’ of ESG reporting in 2023
Climate-related disclosure efforts are amplifying year over year, despite persistent and persnickety pain points, as more organizations widen the scope of their ESG journeys, our “Inside the Mind of the CCO” survey found.
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Blog
Edmond de Rothschild recruits chief sustainability officer
Switzerland-based Edmond de Rothschild, which specializes in private banking and asset management, appointed Nathalie Wallace as chief sustainability officer.
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News BriefFrench high court orders new trial into $2B fine against UBS
France’s top court struck down a fine of €1.8 billion (U.S. $2 billion) imposed on UBS in 2021 by a lower court, despite upholding a guilty verdict related to money laundering and tax fraud in the Swiss bank’s cross-border activities.
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News BriefKPMG Japan fined $500K over journal entry quality controls
The Japanese affiliate of Big Four audit firm KPMG was assessed a $500,000 penalty by the Public Company Accounting Oversight Board for quality control deficiencies regarding journal entry testing.
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News BriefPwC Greece fined $3M for due care, skepticism failures
The Greece-based branch of Big Four audit firm PwC agreed to pay $3 million as part of a settlement with the Public Company Accounting Oversight Board addressing alleged failures in due professional care and appropriate skepticism regarding an audit of a marine fuel logistics company.
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PremiumCompanies must set clear tone under EU whistleblower rules
With a moving target for compliance under the EU’s Whistleblower Directive, the opportunity exists for companies to set their own standards on whistleblowing and engender greater trust among employees, according to a panel at Compliance Week’s Europe conference in London.
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PremiumEmbracing change key to success for compliance officer of tomorrow
Between changes in technology and regulation and worsening geopolitical tensions, the compliance officer is being tested like never before. Those who will succeed in this environment are the ones that will be open to change, a panel discussed at Compliance Week’s Europe conference in London.