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
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