Repetition is to be avoided in most walks of life. But where the offshore world is concerned, it appears to be the fulcrum around which the ill-informed are led by the unknowing.… Continue Reading
The European Commission issued a statement last week announcing more robust rules on the criminalization of money laundering and penalties for offenses.
The new rules were proposed by the Juncker Commission in December 2016 and are intended to align money laundering offenses and sanctions throughout the EU, with a special emphasis on terrorism financing.… Continue Reading
The job of the UK’s top financial regulator includes enforcing requirements to designate compliance officers with defined professional roles and duties.
A lot of the regulations the Financial Conduct Authority enforces are based on EU-wide rules.… Continue Reading
It surveyed more than 200 compliance professionals across a range of global businesses.… Continue Reading
Following the acts of war in Paris this weekend, as the sirens continue ringing in the city, it becomes even more obvious that the Member States can no longer throw rocks at the European Union while thinking they can recreate internal borders and live in quasi-autarky.… Continue Reading
As the owner of an English law firm based in the British Virgin Islands, I read with interest on the FCPA Blog about the recent changes to the European Union’s decision to toughen up even further its data protection rules.… Continue Reading
Investigations into allegations of bribery, corruption or misconduct in Europe just got a whole lot harder due to recent changes to the EU Data Privacy regime.
Traditionally, such investigations involved the collection of potentially relevant data on-site within the EU.… Continue Reading
Hughes Hubbard, a long-time sponsor of the FCPA Blog, has published once again a new version of its FCPA/Anti-Bribery Alert, an invaluable resource for compliance professionals.… Continue Reading
Bulgaria’s deputy prime minister announced the launch of a special unit to investigate major cases of government graft.… Continue Reading
The UK government recently announced the publication of draft legislation entitled “Reports on Payments to Governments Regulations 2014.” The legislation would require UK-registered mining, quarrying, and logging companies to report on payments they make to governments all over the world, when such payments exceed £86,000 ($137,000) in a financial year.… Continue Reading
A conference organized by the Ukraine Anti-corruption Action Centre (AntAC) jointly with Ukrainska Pravda & GOPAC-Ukraine on April 24, 2014 in Kyiv identified many challenges relating to the recovery of assets stolen by former President Yanukovych and his associates, and started a national dialogue to address these challenges.… Continue Reading