EU co-legislators agreed this week on new rules to facilitate establishing businesses electronically and to promote online operations throughout a company’s lifecycle. The new rules aim to save companies time and money, while increasing safeguards against fraud and abusive behaviour through online identity checks.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...