All Europe articles – Page 61
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Blog
Parliament moves to halt AML activities in Overseas Territories
In an effort to stem the tide of money-laundering activites in Britain's 14 Overseas Territories (including the British Virgin Islands), the U.K. parliament accepted a cross-party amendment to the Sanctions and AML Bill that will force the territories to set up public registers of beneficial ownership.
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Blog
‘Totally Shambolic’ IT migration
TSB bank, formerly Britain’s most recommended high street bank, has fallen into disgrace, primarily for recent noteworthy mishaps surrounding a technology migration.
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Article
Don’t be caught unprepared for a ‘dawn raid’
Unannounced inspections have become a fearsome weapon for regulators in Europe, so you need to know what to do in case your company ends up being a target.
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Blog
FCA publishes second ‘5 Conduct Questions’ feedback report
The U.K. Financial Conduct has published its second industry feedback report on its 5 Conduct Questions, a key component of its wholesale banking supervision. The new report, the FCA said, includes details on “how banks can encourage staff in front, middle, and back office, and control/support functions, to be responsible ...
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Blog
EU and Mexico reach new trade agreement
The European Union and Mexico reached a new agreement on trade, as part of a broader, modernized EU-Mexico Global Agreement. Practically all trade in goods between the EU and Mexico will now be duty-free, including in the agricultural sector.
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Article
Commission proposes law to beef up EU whistleblower protection
In light of recent high-profile scandals at such big wigs as Volkswagen, the European Union is proposing new laws to strengthen whistleblower protection for reporting both internally and to public authorities.
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Article
Don’t expect grace period for GDPR enforcement
Companies will be in for a shock if they think that European data regulators will go soft on them or allow a grace period as they prepare for tough new rules on data protection that come into force next month.
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Blog
U.K., EU must work together to ensure post-Brexit stability
Now is the time, FCA chief Andrew Bailey said, for the U.K. and EU authorities to jointly work on solutions to reduce the risks to financial stability that Brexit could pose.
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Blog
PPI complaints against financial services firms on the rise
Complaints about payment protection insurance (PPI) created a significant spike in the number of complaints made to financial services firms in the second half of 2017, according to recent figures published by the U.K. Financial Conduct Authority, serving as a warning to the broader financial services industry about the future ...
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Blog
Joint U.S.-U.K. statement warns of malicious cyber-activity by Russian government
The U.S. Department of Homeland Security, Federal Bureau of Investigation, and the U.K.’s National Cyber Security Centre released a joint Technical Alert concerning malicious cyber-activity carried out by the Russian government, marking the first time these the United States and Europe have issued joint advice to industry about how to ...
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Blog
World Bank Group reaches settlement with Africa Railways Logistics
Africa Railways Logistics Limited has been debarred by the World Bank Group for two years after an employee attempted to improperly influence the customs and port clearance process for locomotives that were part of two investment projects by the International Finance Corporation (IFC), the private-sector arm of the World Bank ...
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Article
Mitigating Brexit-related supply chain risk
A recent survey from NAVEX Global outlines the many hurdles that will need to be cleared by U.K. businesses as they prepare their supply chains for Brexit.
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Article
Getting to the heart of what went wrong at Danske Bank
A long-running money laundering scandal at Denmark’s biggest lender has resulted in one of the bank’s executives stepping down, but he’s unlikely to be the last.
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Blog
U.K. gender pay gap: What it means and what happens when you don’t report
With the U.K.’s deadlines for gender pay reporting having passed, we examine what consequences those that haven’t reported might face and take a look at some results conducted by an independent analytics firm.
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ArticleAmid criticism, can trust in U.K. FRC be restored?
Attacks on the Financial Reporting Council are growing at the same time the U.K. regulator has been granted sweeping new powers to do a job it has been accused of not doing very well.
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Blog
Rabobank desensitizes client data for GDPR and DevOps with IBM
Rabobank, a Dutch multi-national bank and financial services company, is working with IBM to use cryptographic pseudonyms on its client’s personal data to innovate and comply with the EU's General Data Protection Regulation.
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Blog
Companies disagree on whether they must disclose too much information in annual reports
Companies disagree about whether the quantity of information contained in annual reports is a good or a bad thing, according to a poll of governance professionals conducted by the ICSA.
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Article
Carillion demise brings lessons in compliance
The collapse of U.K. construction firm Carillion points to a need for compliance to step up to the plate and conduct its own due diligence, regardless of where the markets may lead.
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Blog
Financial Conduct Authority 2018/19 business plan focuses on Brexit
The Financial Conduct Authority published its Business Plan for 2018/19, setting out its key priorities for the coming year, much of which reflects the resources needed to prepare for withdrawal from the European Union.
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Blog
Mark Thompson named interim director of the SFO
The Attorney General’s Office announced that Mark Thompson, currently chief operating officer at the Serious Fraud Office, will be appointed SFO director on an interim basis pending the next permanent director becoming available.