All Europe articles – Page 65
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Blog
OECD: Lithuania making ‘significant’ strides to fight foreign bribery
Lithuania has made significant strides to strengthen its legislative framework to combat foreign bribery, but further anti-bribery enforcement efforts are needed, according to a new report by the OECD Working Group on Bribery.
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Blog
Report stage begins on Sanctions and Anti-Money Laundering Bill
The Sanctions and Anti-Money Laundering Bill began its report stage this week, offering further opportunity to examine the bill and make changes. Two amendments to the bill were made.
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Blog
FCA issues list of unauthorised binary options providers
The U.K. Financial Conduct Authority this month published a list of 94 firms believed to be offering binary options trading to U.K. consumers without FCA authorisation. Since 3 January 2018, all firms trading in binary options need to be authorised by the FCA.
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Article
Responding to ‘right of access’ requests under GDPR
The degree to which the General Data Protection Regulation limits access to EU citizens’ personal data will create enormous data compliance challenges for companies.
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Blog
FCA fines and bans former RBS trader
The Financial Conduct Authority imposed a financial penalty of £250,000 on a former Royal Bank of Scotland interest rate derivatives trader, Neil Danziger, and prohibited him from performing any function in relation to any regulated financial activity.
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Blog
SFO: Tell-tale signs of money laundering
Serious and organised crime costs the United Kingdom an estimated £24 billion a year, states a new government report setting out the threats posed by money laundering. With the report, the government relaunched its “Flag it Up” campaign to raise awareness and show how the legal and accountancy sectors can ...
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Blog
Financial Conduct Authority appoints new chair
HM Treasury this week appointed Charles Randell as the new chair of the Financial Conduct Authority. He will take up the role on 1 April 2018 for a five-year term.
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Blog
ESMA statement supports smooth implementation of LEI under MiFID II
The European Securities and Markets Authority issued a statement to support the smooth implementation of Legal Entity Identifiers requirements under the Markets in Financial Instruments Regulation.
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Blog
Bank of England: New approach to supervising global banks
The Bank of England announced that it is consulting on an updated approach to authorising and supervising branches of global banks and insurers, prompting responses from HM Treasury and the U.K. Financial Conduct Authority.
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Blog
OXIAL GDPR EXPRESS brings compliance for financial services firms
Mid-market financial services firms can now benefit from a fast, intelligent, and effective solution to achieving GDPR compliance, thanks to the new GDPR EXPRESS from new generation GRC solution provider OXIAL.
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Blog
D2 Legal Technology launches GDPR impact assessment service
D2 Legal Technology, a legal data consultancy, has launched a new solution and remediation service to help U.K. businesses achieve compliance with the EU General Data Protection Regulation and put in place data governance best practices.
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Blog
Swiss regulator: J.P. Morgan seriously breached AML regulations
The Swiss Financial Market Supervisory Authority, FINMA, concluded its enforcement proceedings against J.P. Morgan Chase, saying the bank "seriously breached" anti-money laundering regulations by failing to screen adequately transactions and business relationships booked in Switzerland associated with the Malaysian sovereign wealth fund 1MDB.
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Blog
Safeguarding HSBC against Zupta
HSBC’s new anti-money laundering (AML) and sanctions policies are due to be in place by the end of the year, but what form of compliance or enforcement will they take?
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Blog
What is risk?
Reports indicate the world’s largest cement manufacturer, LafargeHolcim is under investigation relating to its former operations in Syria.
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Article
ENRC and legal privilege
Back in May, in a landmark decision, the Serious Fraud Office won the right to gain access to documents that a Kazakh mining company claimed were protected by professional privilege. Now that company has won the right to appeal.
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Blog
Financial Conduct Authority fines Bluefin £4m for misleading customers
The Financial Conduct Authority today fined Bluefin Insurance Services Limited £4 million for having inadequate systems and controls and failing to provide information to its customers about Bluefin’s independence in a way that was clear, fair, and not misleading.
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Blog
World Bank: Sediver SAS debarred for two years
The World Bank Group today announced the debarment for two years of Sediver SAS, a Paris-based manufacturing company for power transmission components, in connection to sanctionable misconduct under the Southern Africa Power Market Project in the Democratic Republic of the Congo.
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Blog
New U.K. Corporate Governance Code focuses on culture
The Financial Reporting Council this week published proposals for a revised U.K. corporate governance code to reflect the changing business environment and help U.K. companies achieve the highest levels of governance, with corporate culture being a new key focus.
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Blog
U.K. wants to regulate digital currencies
The U.K. government is looking to increase its regulation of digital currencies, amid growing concerns that such virtual currencies are being used to enable money laundering, terrorist funding, and other criminal activity.
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Blog
Practical resources to tackle modern slavery in construction
An initiative drawing from some of the largest firms in the U.K. building industry is providing guidance on how to best identify and eliminate modern slavery practices.