Europe

  • Swedbank_Automat
    Article

    Embattled Swedbank names permanent CCO

    2019-09-19T13:52:00Z

    Faced with numerous AML investigations, Swedbank made several significant moves this week, including naming a permanent CCO and agreeing to waive attorney-client privilege by handing over an internal report to local prosecutors.

  • Belgium
    Article

    EU investigating Belgian tax deals with 39 companies

    2019-09-16T15:11:00Z

    The European Commission is investigating whether “excess profit” tax rulings granted by Belgium to 39 multinational companies gave them an unfair advantage over their competitors.

  • GDPR
    Article

    Survey highlights pain points of GDPR implementation

    2019-09-16T15:03:00Z

    Most organizations failed to meet the May 2018 deadline to comply with the launch of the EU’s tough new privacy rules, and the majority of them still find compliance a challenge, according to a recent survey.

  • Googlecrop
    Article

    Google to pay $1B to resolve French tax disputes

    2019-09-13T16:31:00Z

    Google will pay $1 billion in penalties and back taxes, putting to an end a pair of investigations in France into whether the tech giant properly declared the full extent of its activities in the country.

  • Vestager-Margrethe
    Article

    Vestager keeps competition role in new Commission

    2019-09-11T17:47:00Z

    Margrethe Vestager is staying put as Europe’s leader in the fight against anti-competitive practices, with a continued focus on Big Tech.

  • Parliament
    Article

    U.K. Parliament closes amid Brexit uncertainty

    2019-09-10T19:51:00Z

    Boris Johnson’s plans to split from Europe blew up in his face, resulting in one of the biggest false-starts any U.K. Prime Minister has endured. Not only is Brexit likely to be delayed, but Johnson and his government are now legally bound to seek a deal—or else.

  • European Commission
    Article

    European Commission still gunning for Big Tech

    2019-09-06T14:06:00Z

    Coming on the heels of big enforcement actions against Google, Apple, Facebook, and Amazon, the European Commission is vowing to keep fighting against technology giants profiting at others’ expense.

  • Boris Johnson
    Article

    Boris Johnson loses control of Brexit

    2019-09-04T15:00:00Z

    Britain PM Boris Johnson’s firm stance on Brexit has been shot down by Parliament; it remains to be seen when (or if?) the United Kingdom will be departing the European Union.

  • Blockchain
    Article

    FINMA publishes AML guidance on blockchain

    2019-09-03T15:24:00Z

    The Swiss Financial Market Supervisory Authority has published new guidance on how it applies AML rules to the financial services providers it supervises in the area of blockchain technology.

  • Danske
    Article

    Danske reported to police over investment mis-selling

    2019-09-03T14:50:00Z

    Denmark’s financial regulator has filed a criminal complaint against Danske Bank over a mis-selling scandal that saw its former interim chief executive get fired in June this year.