All Europe articles – Page 4
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ArticleEricsson admits ‘corruption-related misconduct’ in Iraq; may have paid ISIS
Ericsson announced an internal investigation uncovered evidence of “corruption-related misconduct” that occurred in the Swedish telecommunications company’s Iraq operations between 2011 and 2019.
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Three lingering questions to arise from KPMG tribunal over Carillion, Regenersis
Details to emerge from the disciplinary tribunal regarding KPMG’s conduct during its work at Carillion and Regenersis could have ramifications for the Big Four firm, the audit profession more widely, and potential future regulation and monitoring.
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How Accor manages global data privacy compliance
Marie-Christine Vittet, vice president of compliance at hospitality chain Accor, shares with Compliance Week the company’s journey toward a global data privacy compliance program.
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Cosmote, parent company OTE fined $10.6M under GDPR
The Hellenic Data Protection Authority fined mobile phone operator Cosmote and its parent company OTE a total of €9.25 million (U.S. $10.6 million) for a data breach caused by a September 2020 cyberattack and for illegally processing customer data.
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Meta threatens to pull Facebook, Instagram in Europe over GDPR data transfer dispute
Meta Platforms is threatening to pull down Facebook and Instagram in the European Union over concerns it cannot meet data-sharing rules set in the region’s General Data Protection Regulation.
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IAB Europe fined $286K under GDPR for data processing violations
The European arm of the Interactive Advertising Bureau was fined €250,000 (U.S. $286,000) by the Belgian Data Protection Authority for data privacy violations regarding its Transparency and Consent Framework.
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Hiltrud Werner leaves legacy of integrity at Volkswagen
Hiltrud Werner, Volkswagen’s board member and head of integrity and legal affairs who steered the company through its U.S. compliance monitorship post-Dieselgate, discusses her indelible mark on the auto giant and her future aspirations.
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TI 2021 corruption index shows world not willing to make real change
The adage that “no news is good news” doesn’t apply to Transparency International’s 2021 Corruption Perceptions Index. That corruption levels remain at a global standstill or have worsened highlights a disturbing trend for companies, governments, and citizens alike.
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REWE International $9M GDPR fine a lesson in managing subsidiary risk
A recent decision by the Austrian Data Protection Authority against food retailer REWE International underlines the fact parent companies are ultimately responsible for how their subsidiaries manage people’s data, even if the offshoot entity operates separately.
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Leaders at BlackRock, SSGA set tone for ESG-focused 2022
The chief executives of BlackRock and State Street Global Advisors earlier this month published their annual letters highlighting topics of importance for the coming year, with climate action and social issues clearly remaining top of mind for both.
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Italian DPA fines Enel Energia $30.1M under GDPR over telemarketing practices
Italian energy supplier Enel Energia has been fined €26.5 million (U.S. $30.1 million) under the General Data Protection Regulation for aggressive telemarketing.
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Swedbank names Britta Hjorth-Larsen as chief compliance officer
Swedbank announced the appointment of Britta Hjorth-Larsen as its new chief compliance officer. She will take over her new duties by Aug. 1 at the latest and join the bank’s group executive committee.
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Report: Financial crime fines down in 2021; AML penalties drop 78 percent
Fines for corporate crimes last year fell by more than half to 8.7 billion euros (U.S. $9.9 billion) from 2020’s total of €20 billion (U.S. $22.6 billion), according to a report released by research firm AML Intelligence.
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Report: GDPR fines surpass $1B in 2021; breach notifications also rise
Nearly €1.1 billion (U.S. $1.2 billion) worth of fines have been issued against organizations in the past year for violations of the General Data Protection Regulation, according to the latest annual report by law firm DLA Piper.
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Credit Suisse chairman resigns over breach of Covid-19 rules
António Horta-Osório, the leader who was supposed to bring stability and accountability back to Credit Suisse, resigned after eight months as chairman following an investigation into his flouting of Covid-19 rules.
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Report: Financial services fines drop 49 percent in 2021
The value of penalties against global financial services firms in 2021 dropped to half the total levied in 2020, according to research by compliance technology provider Fenergo.
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France’s CNIL fines Google, Facebook $237M combined over cookies consent
French data privacy watchdog CNIL again sidestepped the GDPR in fining Google and Facebook a combined €210 million (U.S. $237 million) for making it too difficult for users to refuse cookies when accessing their websites.
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Former Swedbank CEO Birgitte Bonnesen charged with fraud
The Swedish Economic Crime Authority announced charges against Birgitte Bonnesen, Swedbank’s former chief executive officer, for fraud and market manipulation regarding the bank’s money laundering scandal.
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Deutsche Bank fined $9.8M for Euribor control weaknesses
Germany’s market regulator BaFin imposed an administrative fine of 8.66 million euros (U.S. $9.8 million) on Deutsche Bank for breaches of the European Union’s Benchmarks Regulation.
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S&T AG orders Deloitte audit of short seller allegations
Austrian technology company S&T AG has ordered a forensic audit of its corporate structure and several recent acquisitions in response to allegations made by short seller Viceroy Research.
