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European Compliance

Compliance issues in the Eurozone are more pressing than ever, amid major changes such as data privacy, Brexit, global commerce, and the need to harmonize various international regulatory regimes. Compliance Week sees compliance not as an issue of any one nation or region, which is why we spotlight the regulatory, governance, compliance and ethics issues in Europe as part of our effort to bring you the most important information and insight from around the world.

Global Glimpses Blog

Danske Bank provides update on AML probe in France

Jaclyn Jaeger | January 16, 2019

Danske Bank said it might again become subject to a formal investigation in France, instead of being an assisted witness, in connection with an ongoing investigation into organised money laundering of tax evasion proceeds.

Global Glimpses Blog

New U.K. government taskforce to tackle economic crime

Jaclyn Jaeger | January 16, 2019

The Home Secretary and Chancellor will jointly chair a new government taskforce, the Economic Crime Strategic Board, to work with senior figures from the U.K. financial sector to tackle economic crime, the U.K. government announced on 14 January.

News Article

Ample fallout from May’s Brexit vote defeat

Neil Hodge | January 16, 2019

British regulators and Members of Parliament had some serious comments and concerns after Tuesday’s 432-to-202 vote against U.K. Prime Minister Theresa May’s Brexit plan.

Global Glimpses Blog

May’s Brexit plan suffers historic defeat

Joe Mont | January 15, 2019

With one of the most devastating losses in the history of British politics, Prime Minister Theresa May was handed a rebuke of her proposed Brexit framework for the future relationship between the European Union and the United Kingdom.

Global Glimpses Blog

Brexit vote unlikely to produce clarity, so government prepping businesses for the worst

Paul Hodgson | January 14, 2019

While the current Brexit deal (set to be voted on Tuesday evening) remains the U.K. government’s top priority, it understands preparation for all scenarios is necessary.

News Article

EU investigates Nike over tax

Neil Hodge | January 14, 2019

The European Commission has opened an in-depth investigation to examine whether the Dutch government unfairly helped U.S. sportswear company Nike avoid paying taxes on its European profits through a series of favourable tax rulings.

News Article

Study: Blowing the whistle won’t harm the bottom line

Neil Hodge | January 10, 2019

A new study from NAVEX Global reveals whistleblower hotlines don’t often prove detrimental to business outcomes.

News Article

Understanding the territorial scope of the GDPR

Jaclyn Jaeger | January 10, 2019

EU companies should scrutinize new guidelines from the European Data Protection Board that signal the long arm of the GDPR extends far beyond the European Union.

Global Glimpses Blog

SFO: Former global sales director of Alstom Power sentenced in bribery case

Jaclyn Jaeger | January 4, 2019

Nicholas Reynolds received four years and six months imprisonment and was ordered to pay costs of £50,000 (U.S. $62,930) for his part in a conspiracy to bribe officials in Lithuania’s Elektrenai power station and senior Lithuanian politicians in order to win two contracts worth €240 million (U.S. $273 million), the U.K. Serious Fraud Office announced.

Global Glimpses Blog

French court fines Total SA €500,000 in Iran bribery case

Jaclyn Jaeger | December 28, 2018

The Paris Criminal Court on Dec. 21 found French oil and gas company Total SA guilty of bribing a foreign public official and ordered the company to pay a €500,000 (U.S. $570,000) fine.