All Europe articles – Page 41
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ArticleWhy compliance culture must lead in return from coronavirus
Is managing our return to the workplace a job for the compliance department? The better question may be how can we get all employees to serve the wider compliance effort, writes Martin Woods.
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ArticleKPMG faces $306M negligence claim over Carillion audit
U.K. government liquidators are preparing to sue KPMG for £250 million (U.S. $306 million) over alleged negligence in its audits of collapsed construction firm Carillion.
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ArticleDutch DPA probing TikTok over children’s privacy
The Dutch Data Protection Authority has launched an investigation into popular social networking service TikTok over whether children’s privacy is being adequately protected.
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ArticleEmbattled Wirecard appoints new CCO
Under investigation for suspected market manipulation, Wirecard has named James Freis as its new chief compliance officer amid several organizational changes.
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ArticleAmazon shuttered in France over COVID-19 emergency costs
E-commerce giant Amazon has shut up shop in France because the cost of compliance with the country’s COVID-19 emergency measures is deemed to be too high.
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ArticleAnalysis: The problem with keeping a secret
You can’t hide behind the numbers, as numerous banks, including Bank Hapoalim, found out recently when rampant tax evasion took hold in Switzerland.
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ArticleCan a CCO be a DPO? Belgian data authority not so sure
A recent ruling out of Belgium throws water onto the idea that the head of audit, risk, or compliance at a company can also serve as data protection officer as required by the GDPR.
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ArticleHow some companies are hedging supply chain risk during pandemic
As financial hardships caused by the coronavirus pandemic take their toll, some forward-thinking companies have made changes to the benefit of suppliers, serving as leaders for others in their industry.
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ArticleEY audit of NMC Health under investigation
The U.K. Financial Reporting Council has opened an investigation into EY’s audit of the 2018 financial statements of NMC Health, which is currently under investigation for accounting fraud.
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ArticleEuropean regulators warn coronavirus villains will be punished … eventually
While EU regulators have not engaged in investigations yet or launched many (or any) coronavirus-related enforcement actions, lawyers warn they will do so later down the line and believe they will tackle “worst offenders” first.
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ArticleTech firm: GDPR ‘in danger of failing’ due to lack of resources
A new report says Europe’s data protection regulators don’t have the skills, knowledge, or budget to effectively enforce such privacy rules as the GDPR.
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ArticleEDPB aims to clarify app development needs in coronavirus battle
The European Data Protection Board has released guidelines that aim to help app developers and regulators process individuals’ health data without compromising their privacy under such regulations as the GDPR and ePrivacy Directive.
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ArticleAnalysis: EY now faces questions of trust
In the case of Amjad Rihan versus EY, a question of trust has opened a can of worms. Financial crime expert Martin Woods explores.
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ArticleAnalysis: EY brand takes beating in case vs. whistleblower
What does the Amjad Rihan case do to the brand of EY and, more pointedly, those who spend time with EY as clients? Financial crime expert Martin Woods offers his take.
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ArticleBack against wall, Libra turns to compliance
Looking to get back on track for its planned 2020 release, Libra is pushing a new word at the forefront of its latest attempt to get critics on board with its digital currency mission: compliance.
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ArticleCoronavirus could further stall BA, Marriott GDPR fines
Record-setting proposed penalties announced by the U.K. Information Commissioner’s Office last year against British Airways and Marriott for violations of the GDPR may continue to linger amid the ongoing coronavirus pandemic.
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ArticleEni to pay $24.5M to resolve FCPA charges
Italian oil company Eni will pay $24.5 million to settle SEC charges that it violated the Foreign Corrupt Practices Act with regard to the award of certain contracts to its former subsidiary Saipem in Algeria.
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ArticleU.K. court orders EY to pay $11M to whistleblower, a former partner
A former EY partner who blew the whistle on a massive money laundering scheme was awarded nearly $11 million by a U.K. judge, settling a lawsuit in which he claimed EY buried an audit that uncovered wrongdoing by a client.
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ArticleDon’t count on European regulators to relax rules during coronavirus crisis
European businesses may be putting themselves at risk because they mistakenly believe regulators are prepared to loosen the rules so companies can operate more easily as the coronavirus pandemic lingers on.
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ArticleSFO: Tesco concludes three-year DPA for accounting scandal
The U.K. Serious Fraud Office announced British supermarket chain Tesco Stores has fulfilled the terms of its 2017 deferred prosecution agreement resulting from an accounting fraud scandal.