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Europe

Europe

Global Glimpses Blog

EBA investigation linked to AML activities at Danske Bank

Jaclyn Jaeger | February 20, 2019

The European Banking Authority is formally investigating a possible breach of Union law by the Financial Services Authorities of Estonia and Denmark in connection to the Danske Bank money-laundering scandal.

News Article

Danske Bank under investigation in France over money-laundering saga

Neil Hodge | February 15, 2019

For a second time, Danske Bank is under investigation in France for suspected money-laundering transactions worth €21.6 million (U.S. $24.4 million) committed between 2007 and 2014.

News Article

Prison time for U.K. bosses who botch pension scheme management

Neil Hodge | February 15, 2019

The U.K. government says those executives who mismanage company pension schemes could face a jail sentence of up to seven years.

News Article

EU expands controversial AML country blacklist

Jaclyn Jaeger | February 13, 2019

The European Commission today adopted its proposed new blacklist of countries that it has identified as having significant deficiencies in their anti-money laundering and counter-terrorist financing regimes.

Global Glimpses Blog

Big Four: Please don’t break us up

Paul Hodgson | February 12, 2019

An in-depth look at responses to the Competition and Markets Authority proposals to reform the U.K. audit market.

Global Glimpses Blog

Privacy violations surge despite Europe’s tougher regs

Neil Hodge | February 8, 2019

A steep uptick in potential privacy violations has hit Europe, eight months after it issued stringent data privacy regulations.

Global Glimpses Blog

SFO: Former Petrofac executive pleads guilty in bribery case

Jaclyn Jaeger | February 7, 2019

A former executive of Petrofac pleaded guilty this week to bribery offenses in connection with an ongoing investigation by the U.K. Serious Fraud Office into the oilfield services company and its subsidiaries.

Global Glimpses Blog

New rules would make setting up a company in the EU easier

Jaclyn Jaeger | February 6, 2019

EU co-legislators agreed this week on new rules to facilitate establishing businesses electronically and promote online operations throughout a company’s lifecycle. The new rules aim to save companies time and money, while increasing safeguards against fraud and abusive behaviour through online identity checks.

News Article

New system opens up EU business trade with Iran

Neil Hodge | February 5, 2019

The United Kingdom, Germany, and France have created a new payments system to allow European businesses to trade with Iran without falling foul of U.S. sanctions.

Global Glimpses Blog

Little external audit improvement post-Carillion collapse

Neil Hodge | February 1, 2019

Only half of U.K. company secretaries feel that the level of service their organisations get from their external auditor has improved in the wake of the Carillion crisis and other corporate governance scandals.