- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Image: This week, Europe’s Antitrust Chief Margrethe Vestager escalated a running regulatory battle with American tech giant Google—and Amazon is not too far behind. While the European Union launched an investigation into Amazon’s business practices last week, Vestager recently warned the online retailer about abusing its dominance in the marketplace ...
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While it might seem as if the European Union has it in for Google, a search of its open cases will reveal that it has its sights set on more than just the search engine firm.
Legal cases and fines for noncompliance with EU’s GDPR could rise sharply after a court found that a breach was a source of unfair competition. The judgment also opens doors to civil cases over companies that ignoring expensive or challenging rules, such as those regarding AML/CFT.
Portuguese bank Novo Banco, S.A., fired Chief Risk Officer Carlos Jorge Ferreira Brandão “with just cause” after an internal probe discovered “suspicious financial transactions” in his sphere.
