All EU articles
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ArticleComplying with the EU Data Act – What companies should know
Companies could face significant compliance challenges in trying to meet new EU legal requirements about how companies share data with third parties.
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PremiumNew EU Data Act may impact companies’ GDPR compliance efforts
New rules that have recently come into effect across the EU will allow for greater transfers of data between companies, though experts fear the changes could conflict with Europe’s strict privacy legislation, which protects personal information.
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News BriefAMLA: What difference will the agency make in the EU’s fight against moneylaundering?
Europe’s massive financial sector has become a magnet for illicit money flowing through its banks and markets. A new EU agency will be taking the problem head-on to fight against money laundering.
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ArticleRetailers face new compliance pressures from tariffs, sanctions, fraud and cybercrime
Regulators are pressuring retail compliance teams on supply chains, shifting sanctions and tariffs, sustainability, and digital commerce. Rising cyberattacks heighten data security concerns, while large retailers push legal and commercial requirements down their supply chains.
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ArticleDigital wallets to speed up regulatory checks for recruitment, property transactions
You can already buy a coffee with your phone, but soon you could start a job or buy a house with it. Digital compliance wallets holding certificates and documents on smartphones are gaining traction worldwide.
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ArticleEU targets crypto, fintech firms in push to tackle money laundering
Europe’s banking regulator warns that weak compliance at fintech, regtech, and crypto firms may let money laundering and terrorist financing risks slip through. The EBA also found EU regulators’ approaches are often inconsistent and unclear.
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PremiumTPRM critical as DORA, new FCA third-party engagement rules come into effect in 2025
New rules that push IT firms providing “critical” services to the U.K.’s financial sector to share more data about cyberattacks and resiliency measures have been welcomed by industry experts. However, concerns remain over how suppliers will be classified and how key data might be gathered and shared.
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Premium’Future-proofing’ products for safety next level of regulation under EU GPSR
Any product that uses AI needs to be safety assessed for its entire lifespan under new rules that went into effect recently across the EU. Experts warned companies using AI to tailor products could be classed as “manufacturers” and face the same duty of care as developed.
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PremiumBarclays is axing its bonus caps. Is it also ditching good governance?
Four years post-Brexit, London-based Barclays became the first British bank to scrap bonus caps for its traders that were meant to curb excessive risk-taking with client cash, improve corporate governance, and restore faith in an industry most working people still hold responsible for 15 years of economic misery.
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ArticleAmple fallout from May’s Brexit vote defeat
British regulators and Members of Parliament had some serious comments and concerns after Tuesday’s 432-to-202 vote against U.K. Prime Minister Theresa May’s Brexit plan.
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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
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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Blog
No-deal Brexit contingency plans don’t look pretty
There’s a lot more at stake for the United Kingdom than just interrupted Netflix access should a no-deal Brexit become a reality.
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Article
EU proposes new money laundering rules
The European Commission wants to strengthen supervision over banks and other financial institutions to toughen up its fight against money laundering and terrorist financing after admitting that present measures have “failed all too often.”
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Article
Deal or no deal: Companies prep for Brexit
European organizations are focusing on contingency plans in preparation of a possible “no deal” exit from the European Union.
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ArticleTheresa May outlines her vision for Brexit
Two years after U.K. citizens voted for the country to withdraw from the European Union, Prime Minister Theresa May at last unveiled her vision of Brexit.
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Blog
European Parliament: Companies to pay taxes where they earn profits
New EU rules would put an end to companies’ ability to use loopholes to avoid paying taxes— for example by shifting profits to EU countries with lower taxes.
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Blog
Paradise for money launderers
A look at what the Paradise Papers uncovered, the European Union’s reaction, and what progress needs to be made on implementing proper disclosure and transparency to thwart future money laundering enterprises.
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ArticleMiFID II is on the way and U.S. firms should pay close attention
As the slate of EU financial regulations known as MiFID II goes into effect in January, U.S. firms may be rudely awakened by new transparency demands, real-time reporting requirements, and “research unbundling” rules.
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Article
Is the European Union out to get Google?
While it might seem as if the European Union has it in for Google, a search of its open cases will reveal that it has its sights set on more than just the search engine firm.