All Europe articles – Page 54
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Blog
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.
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Blog
Big Four split on solutions to industry’s problems
Deloitte and KPMG have gone further than EY and PwC in their comments to the current CMA review of the industry, but it seems unlikely the members of the Big Four won't get on the same page.
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Blog
Deutsche Bank offers more details on Panama Papers raid
Deutsche Bank has provided more details on a two-day raid, in which German prosecutors searched several Deutsche Bank offices, in connection with the Panama Papers. The case also imparts some important compliance lessons.
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ArticleGDPR, Brexit keep compliance on its toes
The EU’s General Data Protection Regulation and Britain’s upcoming divorce from the European Union both have a tremendous impact on European compliance, but strategizing solutions around either one has proven to be difficult due to a lack of guidance and, in the case of Brexit, just plain chaos.
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ArticleRegulators raise problem of AI in decision making and accountability
Are companies transferring too much decision-making power to machines? That’s the opinion of EU data regulators, who say companies should “think seriously” about telling investors and stakeholders automatons are now in charge of their data.