The EU has intensified its focus on sanctions circumvention and the supply of Russian oil in a clear signal that the energy crisis caused by the closure of the Strait of Hormuz will not weaken its efforts to sever Russian cashflows.
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Posted inThird Party Risk
The Safe Bridge to the Americas: How data technology protects American companies
The government procurement market in Latin America represents a multi-billion dollar opportunity for American corporations, especially in the information technology, infrastructure, and medical equipment sectors.
Posted inArtificial Intelligence
Top tips to comply with EU AI Act’s transparency obligation
The EU’s recent decision to release an updated code of practice to help companies better understand the AI Act’s transparency requirements demonstrates the pitfalls that organizations face when trying to comply with rules that many expect to be strictly enforced.
Posted inCompliance Week
Compliance Week wins national business journalism award for Lafarge case study
McDevitt’s CW case study on Lafarge wins Regional Gold Medal in the Azbee Awards.
Posted inOpinion
At CW award ceremony, Joe Murphy encourages compliance profession to be ‘better organized’ and ‘stand up to executives’
CECOs and compliance professionals need more clout, power and protection. We need to be able to stand up to executives.
Posted inRegulatory Policy
EU publishes major overhaul of M&A guidelines to encourage mega-mergers
The EU has published guidelines for the biggest overhaul of rules governing mergers since 2004. However, commentators are warning that loosening the M&A code may create new risks and still not deliver the “mega companies” that proponents seek. And EU officials appear divided. Where does this leave compliance teams?
Posted inESG/Social Responsibility
PayPal latest to settle with DOJ over a traditional DEI program
PayPal has agreed to end a loan program for black and minority-owned businesses as part of a settlement agreement with the U.S. Department of Justice, which accused the program of discriminating against white people.
Posted inBest Practices
The fastest way to scale integrity? Embed it in culture through values.
Ethics and compliance are often perceived as a form of protection for an organization. That framing is just one part of the picture.
Posted inFinancial Services
U.K. financial regulators pare down rules for senior managers
The U.K.’s key financial regulators have pared down the compliance requirements that hold senior managers accountable as part of the government’s drive to reduce undue regulation by half and boost investment.
Posted inBanking
U.K. tightens debanking rules as compliance teams in banks walk a regulatory tightrope
Closing a U.K. bank account against the wishes of the customer has just got more complicated. From April 28, banks and payment service providers must comply with new rules governing when and how they close an existing customer’s account.