Danske Bank has been forced to fire yet another board member—this time for mis-selling thousands of customers a wealth management product that charged excessive fees.
Neil Hodge
Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal issues for a wide range of publications in the United Kingdom and United States.
Posted inEurope
Facebook exec echoes calls for regulation
One of Facebook’s top executives added his voice to the growing movement among technology firms that the sector cannot police the internet on its own.
Posted inFinancial Services
FCA fines BOS over failure to report fraud suspicions
Bank of Scotland (BOS) has been slammed with a £45.5 million (U.S. $57.8 million) fine by the Financial Conduct Authority for failing to inform authorities of its suspicions that a BOS turnaround unit was committing fraud.
Posted inEurope
U.K. tax havens promise greater transparency on company ownership
Starting in 2021, Guernsey, Jersey, and the Isle of Man will make records of company ownership public, which should please members of parliament who have argued that not doing so has made them vulnerable to financial crime.
Posted inEurope
Nordea raided over ML probe in Denmark
Scandinavian banking giant Nordea revealed its Copenhagen office was raided by Danish police as part of an ongoing investigation into alleged money laundering.
Posted inEurope
Amnesty International culls top team after report reveals ‘toxic’ culture
Human rights campaign group Amnesty International has said it will lose most of its senior leadership team after a scathing report slammed the organization’s “toxic” workplace culture.
Posted inBoards & Shareholders
IBE produces AI guidance for boards
The U.K. Institute of Business Ethics is offering a new guide for companies faced with the ethical challenges of artificial intelligence.
Posted inData Privacy
Privacy groups launch GDPR complaints
European privacy rights groups have launched a campaign to stop social media platforms and internet search engines from “spying” on users through online advertising by filing GDPR complaints with nine EU data regulators. The #StopSpyingOnUs campaign, made up of 12 human rights and digital rights organizations, has filed complaints in Germany, France, Belgium, Italy, Estonia, […]
Posted inEurope
‘Context’ matters in AI decision making, says ICO
Transparency for all AI-generated decisions is not as important as context, according to new research from U.K. data regulator the Information Commissioner’s Office.
Posted inEurope
One year in, no fines yet from U.K. regulator on GDPR
A Freedom of Information Act request shows Britain’s data protection watchdog has imposed just 29 financial penalties in the last year, none of which came under the EU’s General Data Protection Regulation.