All Europe articles – Page 58
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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
English Court of Appeal preserves litigation privilege
An English Court of Appeal decision giving companies the right to protect documentation gathered during an internal investigation is a blow to both U.S. and U.K. regulators, who have grown increasingly concerned that firms may be hiding critical evidence under the guise of it being “privileged.”
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Article
New SFO director will leverage compliance officers’ expertise
Head of the Serious Fraud Office Lisa Osofsky laid out her priorities for the agency in the coming months and provided CCOs a glimpse into what the SFO will expect.
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ArticleU.K. regulator setting global example in facilitating technology growth
FCA-backed sandboxes set up for testing in a live environment have put British RegTech and FinTech ahead of the curve.
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Article
Modern Slavery Act: an emerging picture of non-compliance
A scathing report calls out large number of U.K. agricultural companies for non-compliance with the Modern Slavery Act.
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Article
Business calls for diplomacy to head off ‘no deal’ Brexit
While the U.K. government is advising companies to prepare for the worst, business groups are urging greater diplomatic efforts to ensure a no-deal Brexit doesn’t come to pass.
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ArticleU.K. government preps for ‘no-deal’ Brexit
The U.K. government has outlined a contingency plan to help companies prepare for a worst-case scenario—the “no-deal” Brexit.
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Blog
Royal Mail hit with massive fine for competition breach
Parcel delivery firm Royal Mail is appealing a decision from U.K. communications regulator Ofcom, which determined the company sought to thwart wholesale customer Whistl from competing with its bulk mail delivery service.
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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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Article
EU works to protect firms that invest in Iran from sanction consequences
The European Union has taken steps to protect EU companies from any legal and financial repercussions from investing in Iran as a result of U.S. President Trump’s latest sanctions.
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ArticleA peek at the compliance nightmare of a no-deal Brexit
Though it is still unlikely, a look at the compliance implications (and complications) of a no-deal Brexit is enough to make anyone shudder at the thought.
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Article
Danske Bank case illustrates poor anti-money laundering practices
There seems to be no end to the AML woes hounding Danske Bank. Most recently, Denmark’s financial crime regulator announced a pending investigation into the beleaguered bank for possible money laundering violations related to its Estonian branch.
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Article
Implementing the FRC’s ‘Guidance on the Strategic Report’
The Financial Reporting Council has published revised guidance addressing strategic reports, aiming to help organizations make such reports more informative and relevant to stakeholders.
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Article
FCA’s limited powers give Royal Bank of Scotland a pass
The Royal Bank of Scotland has escaped penalties for its alleged abuse of small businesses, due to the Financial Conduct Authority’s admitted lack of sway.
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Article
MPs slam U.K. attitude to workplace sexual harassment
Employers, regulators, and the U.K. government are not doing enough to tackle “widespread” instances of sexual harassment in the workplace, according to Members of Parliament committee.
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Blog
Collusion, cartels, and emissions cheating in the car industry
In an as-yet unreleased—officially, at any rate—letter, the EU’s industry and climate commissioners Miguel Cañete and Elzbieta Bienkowska outline evidence of widespread manipulation in the car industry of new emissions tests, known as the Worldwide Harmonised Light Vehicle Test Procedure (WLTP).
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Blog
European Commission fines four consumer electronics makers for fixing online resale prices
The European Commission on July 24 fined four consumer electronics makers for imposing fixed or minimum resale prices on their online retailers in breach of EU competition rules. The more than €111 million in fines were in all four cases significantly reduced due to the companies' cooperation with the Commission.
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Article
New U.K. rules broaden accountability of senior managers
Britain’s financial services industry is bracing for new rules that will significantly broaden the scope of senior executives who will be personally held to account to U.K. regulators for failures that occur under their watch.
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Blog
Google fined $5 billion for breaching EU antitrust rules
The European Commission has fined Google €4.34 billion (U.S. $5.05 billion) for breaching EU antitrust rules.
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Article
U.K. businesses poke holes in Brexit plan
The U.K. government’s blueprint on how it thinks Brexit should pan out was hardly going to please everyone, and in that regard it has lived up to expectations.