While financial institutions, on the one hand, are in the process of implementing and preparing to apply the fundamental amendments and changes that will take place in upcoming years by the EU AML Package—entering into force...more
5/15/2025
/ Anti-Money Laundering ,
BaFin ,
Enforcement Actions ,
EU ,
Financial Institutions ,
Germany ,
Penalties ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements ,
Suspicious Activity Reports (SARs)
On 24 April 2024, the EU adopted a new directive (Directive (EU) 2024/1226 of the European Parliament and of the Council) which establishes EU-wide rules for defining criminal offences and penalties related to the violation...more
5/28/2024
/ Enforcement Actions ,
EU ,
EU Directive ,
Filing Deadlines ,
Germany ,
Legislative Agendas ,
Member State ,
Reporting Requirements ,
Sanction Violations ,
Sanctions ,
UK
The EU has adopted a new directive which establishes EU-wide rules for defining criminal offences and penalties related to the violation of EU sanctions. A stricter regulatory environment and closer scrutiny is expected as...more
5/22/2024
/ Corporate Governance ,
Economic Sanctions ,
Enforcement Actions ,
EU ,
EU Directive ,
Internal Investigations ,
Jurisdiction ,
Member State ,
Penalties ,
Publicly-Traded Companies ,
Regulatory Agenda ,
Reporting Requirements ,
Sanction Violations ,
Whistleblower Protection Policies
With the December 2023 enactment of the Foreign Extortion Prevention Act ("FEPA"), the United States' anti-bribery laws now penalize the "demand-side" of foreign bribery. While, for decades, the Foreign Corrupt Practices Act...more
On October 4, 2023, United States Deputy Attorney General (DAG) Lisa Monaco announced a new Department of Justice (DOJ) Mergers & Acquisitions Safe Harbor policy that encourages companies to self-disclose criminal misconduct...more
12/4/2023
/ Acquisitions ,
Anti-Money Laundering ,
Antitrust Division ,
Compliance ,
Cooperation ,
Corporate Counsel ,
Corporate Crimes ,
Corporate Misconduct ,
Department of Justice (DOJ) ,
Disgorgement ,
Enforcement ,
EU ,
France ,
Germany ,
Mergers ,
Money Laundering ,
Poland ,
Policies and Procedures ,
Policy Statement ,
Popular ,
Remediation ,
Restitution ,
Safe Harbors ,
Spain ,
Voluntary Disclosure
In the summer of 2023, the European Union ("EU") adopted two legal acts that are intended to improve cross-border access to electronic evidence for judicial authorities in criminal proceedings. This refers to digital data...more
On May 1, 2023, the World Bank released the third edition of its Sanctions Board Law Digest ("2023 Law Digest"), commemorating the 25th anniversary of its first formal sanctioning body, the former Sanctions Committee. In view...more
The European Commission has published a proposed Directive which, building on measures already in place, would require member states to incorporate uniform anti-bribery measures into their laws. Whilst most EU member states...more
5/18/2023
/ Anti-Bribery ,
Anti-Corruption ,
Bribery ,
Corporate Counsel ,
Corporate Governance ,
Corporate Liability ,
Corruption ,
EU ,
EU Directive ,
European Commission ,
Foreign Corrupt Practices Act (FCPA) ,
Member State ,
UK ,
UK Bribery Act
It is, by now, well known that not taking data protection seriously can prove costly for organizations. Since the introduction of the European General Data Protection Regulation (the "GDPR") in 2018, non-GDPR-compliant...more
Whistleblowing in Europe has been governed by country-specific regulations, some of which differed widely in terms of content. A number of Member States did not even have a dedicated generally applicable protection system in...more
Following Germany's initial attempt last year to implement the EU Whistleblower Directive (Directive (EU) 2019/1937), aimed at ensuring harmonized and improved protection of whistleblowers throughout Europe, the Federal...more
7/5/2022
/ Anti-Money Laundering ,
Asset Management ,
Data Protection ,
EU ,
Fines ,
Germany ,
Investigations ,
Investment ,
Proposed Legislation ,
Risk Assessment ,
Trade Secrets ,
Whistleblower Protection Policies ,
Whistleblowers