All EMEA articles – Page 13
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BlogCum-Ex tax fraud: the difficulties and dilemmas in pinning blame
The Cum-Ex trading scandal led to governments in several western European countries losing billions of Euros in tax revenue. As fresh prosecutions get underway, Tom McNeill explains the difficulties in proving collusion between different parties.
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NewsEU member states agree negotiating stance for ePrivacy regulation
European Union member states have agreed a joint position on the proposed ePrivacy regulation, allowing the EU President to open talks with parliament about the final text.
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NewsUK authorities eye crackdown on company formation agents’ laundering
The United Kingdom’s National Crime Agency (NCA) is planning a crackdown on company formation agents in a bid to tackle money laundering.
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NewsLuxembourg government hits back at reports country is haven for money laundering
The Luxembourg government has sought to counter allegations that the country is a haven for money laundering and tax evasion, following a damning report by journalists.
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NewsSouth Africa’s surveillance law ruled unconstitutional
South Africa’s constitutional court has ruled that the country’s 2002 Regulation of Interception of Communications and Provision of Communication-Related Information Act is unconstitutional as it fails to provide adequate privacy safeguards.
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NewsUK Serious Fraud Office loses legal fight to compel foreign business to hand over documents
The United Kingdom’s Serious Fraud Office (SFO) has lost a court battle over whether it has the power to compel foreign businesses to hand over documents held overseas.
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NewsGerman regulator orders Goldman Sachs to comply with AML law
Germany’s financial watchdog has ordered Goldman Sachs to comply with anti-money laundering legislation.
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News50 US banks deceived through shell companies in laundering operation
Police have arrested more than 100 members of a criminal gang accused of laundering €12 million through 50 different U.S. banks.
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BlogBrexit trade agreement fails to replicate financial crime information-sharing
The Trade & Co-operation agreement will see the UK lose access to information but hopefully common sense will prevail, writes Michael Hatchwell
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NewsUAE Central Bank fines 11 banks for AML failures
The Central Bank of the United Arab Emirates (CBUAE) has fined 11 banks for failing to meet a deadline to improve their anti-money laundering (AML) and combatting terrorism financing (CTF) frameworks.
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BlogBritish Airways and TalkTalk civil claims emphasise the need for data security vigilance
Following the ICO’s record fine for British Airways under the GDPR, Julian Hayes and Guevara Leacock, consider the potentially very expensive group claim civil action now being prepared.
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NewsHead of German financial regulator leaves post over Wirecard scandal
Felix Hufeld, the President of the Federal Financial Supervisory Authority (BaFin), will leave his post as part of a reorganisation of the German regulator following the Wirecard scandal.
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NewsDanish DPA probes Medicals Nordic’s handling of Covid-19 test results
Danish Data Protection Agency Datatilsynet has launched an investigation into Medicals Nordic’s now-ended use of a WhatsApp group for staff to deal with information about people who have tested positive for coronavirus.
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NewsOfficial warns of ‘disturbing’ amount of Russian money laundering in London
A senior UK official has warned about the “disturbing” prevalence of Russian money laundering in London, and said is too easy to set up companies in the United Kingdom.
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NewsNorway’s DPA proposes €9.65m fine for Grindr dating app
Norway’s data protection authority has notified gay dating app Grindr that it intends to impose a financial penalty of NOK100 M ($11.7m, €9.65m) on the company for breaching consent requirements under the General Data Protection Regulation (GDPR).
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NewsICO resumes real-time bidding and adtech probe
The Information Commissioner’s Office (ICO) in the UK has restarted its investigation into real-time bidding (RTB) and the adtech industry, paused last May so the authority could prioritise activities related to the Covid-19 pandemic.
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NewsRUSI argues for national security response to tackle fraud ‘epidemic’
A UK thinktank has called for fraud to be considered a ’national security priority’ backed by a new public-private strategy.
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NewsThree financial institution staff arrested in UK as concern grows over Covid-19 loan scheme fraud
Three men working for a financial institution have been arrested in the United Kingdom as part of a probe into suspected fraudulent claims totalling £6million made through the Covid-19 Bounce Back Loan Scheme (BBLS)
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NewsGDPR fines increase 19% year-on-year as regulators ‘test limits of powers’
Daily breaches of the General Data Protection Regulation (GDPR) increased 19% in the last 12 months compared to the previous year, according to research.
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NewsSpanish and US authorities ‘dismantle’ group laundering money for South American drug cartels
A criminal network which laundered money and used hitmen to collect cash throughout Spain for South American drug cartels has been “dismantled”, Europol has said.
