All EMEA articles – Page 18
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NewsLatvian bank RIB fined €473k over “irregularities” and inadequate AML
Latvian bank Reģionālā Investīciju Banka (RIB) has been fined €473,076 over fund source detection “irregularities” and inadequate risk management.
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NewsSwiss bank Julius Baer agrees to hand over nearly $80m to settle FIFA corruption case
Julius Baer said it has reached an agreement in principle with the US Department of Justice to resolve an investigation into the bank’s role in the FIFA corruption scandal.
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BlogGermany’s proposed AML law: what it would mean for compliance professionals
Germany’s draft anti-money laundering law would widen the definition of money laundering crimes. Oliver Förster explains how this would both ease and add to AML compliance workloads
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ArticleICO probes complaints following allegations Wagamama used Covid-19 track and trace data to survey customers
Wagamama customers in the UK have allegedly been sent a survey after sharing contact details for Covid-19 contact tracing, The Times reports.
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BlogGermany unveils tough new AML law in bid to boost prosecutions
The German government has adopted draft legislation aimed at boosting money laundering prosecutions.
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NewsUK Treasury Committee announces fresh inquiry into financial crime
An influential cross-party group of lawmakers in the UK has launched a follow-up enquiry into financial crime following the release of the FinCEN Files last month.
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UAE suspends licenses of 200 law firms for breaching AML regulations
Two hundred law firms in the United Arab Emirates (UAE) have had their licenses suspended for a month by the country’s Ministry of Justice for breaching anti-money laundering rules.
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FeaturePrivate and confidential? Healthtech and the pandemic
PrivSec Report takes a look at the growth of digital healthcare – and the impact on patient privacy and data security.
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FeatureCOVID-19 FOCUS: Contact tracing in Ireland
As countries across the world grapple with tracking the virus while protecting data and privacy, Ireland’s contact tracing app has had a better reception than most. PrivSec Report looks at the Irish app’s development and privacy journey.
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Q&AFinCrime Job Focus: Matthew Redhead, researcher and writer
In our latest reader-submitted Q&A Matthew Redhead explains how financial crime can get the emotional juices flowing
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FeaturePlease mind the (cyber skills) gap
Amid the furore around a withdrawn UK government-backed cyber skills advertisement this week, Privsec Report takes a look at the messaging and what it says about cyber security recruitment.
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FeatureWhy building privacy trust into the NHS app is key to protecting lives and businesses
Showing that the collection of data through the NHS app is ethical and transparent is crucial to its success this winter, writes Evelina Georgieva
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NewsLeicester textile firms ‘involved in money laundering and VAT fraud’
A network of clothing manufacturers in Leicester has been involved in money laundering and VAT fraud, a BBC investigation has found.
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Businessman with criminal links hands over £10m to UK investigators following Unexplained Wealth Order first
A UK businessman with links to serious criminals has surrendered property worth nearly £10m after an Unexplained Wealth Order (UWO) was issued to force him to reveal where his money came from.
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News‘SARs are used as a free pass for bankers and this must stop’: US regulation chief hits out following FinCEN Files
The head of one of the most influential US regulators has heavily criticised the actions of bankers and called for radical change following the publication of the FinCEN Files.
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NewsArrests over alleged fraud in two UK government Covid-19 schemes
A series of arrests have been made over the last week involving suspected fraud connected to Covid-19 government schemes supporting UK businesses.
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ArticleBelgian DPA asks EU court for permission to take regulatory action against Facebook
The Belgian Data Protection Authority (DPA) will be appearing at the Court of Justice of the European Union (CJEU) in Luxemburg today in a bid to gain regulatory action against Facebook.
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NewsNew mechanism for EU data transfers ‘may be ready by Christmas’
A revised mechanism for transferring EU data outside of the EU may be ready by Christmas, according to the EU’s digital chief.
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NewsSARs system is ineffective at uncovering money laundering, warns United Nations panel
The system under which banks report suspicious activity has uncovered “very few” instances of money laundering, corruption or other financial crimes, a United Nations (UN) panel report has said.
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NewsBritish MPs write to ministers to demand AML answers as FinCEN Files blame game begins
The chair of a UK parliamentary committee has written to government ministers and watchdog heads after the country’s anti-money laundering controls were put under the spotlight by the FinCEN Files.