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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.

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.

Global Glimpses Blog

Will the EU improve its monitoring of money-laundering threats?

Jaclyn Jaeger | December 27, 2018

EU ambassadors on 19 December 2018 agreed to give the European Banking Authority (EBA) more power over anti-money-laundering supervision for financial institutions, but some doubt the effectiveness of these measures.

Global Glimpses Blog

U.K. government further tightens AML net

Paul Hodgson | December 21, 2018

A reform package introduced recently by the U.K. government aims to increase transparency and tackle corruption in limited partnerships.

Opinions

As deadline nears and ‘Brexhaustion’ sets in, still no deal in sight

Neil Hodge | December 21, 2018

With less than 100 days until Brexit and the sides taking a break until mid-January, it’s looking inevitable that anxious businesses will not have long-sought certainty on the issue until the clock ticks close to zero.

News Article

U.K. government unveils reform plan for modern work practices

Paul Hodgson | December 19, 2018

In response to a July 2017 review of modern working practices, the U.K. government has issued a long-awaited package of legislation, regulation, and reforms. The “Good Work Plan” sets out seven principles to address challenges facing the U.K. labour market.

News Article

U.K. Financial Reporting Council receives scathing review

Neil Hodge | December 19, 2018

An independent review of U.K. corporate governance regulator and audit watchdog the Financial Reporting Council calls the agency a “hangover from a bygone era.”