Search Results for: Austria

Promoting collaboration between the European Union’s (EU) anti-fraud office OLAF and the European Public Prosecutor’s Office (EPPO) will be a key priority of the new EU budget, anti-fraud and public administration Commissioner once he takes office, probably on December 1.

Poland’s Piotr Serafin, a former cabinet head for past European Council president and now Polish Prime Minister Donald Tusk, performed effectively at his European Parliament confirmation hearing on November 7, and should be confirmed as Commissioner.…

The International Sustainability Standards Board (ISSB) is considering a report highlighting difficulties in implementing its first two standards, with board members to consider whether they need amending. The paper focuses especially on problems linked to IFRS S2 on climate-related disclosures, such as concluding paragraphs being “unclear and [that] appear contradictory” to requirements in IFRS S2 regarding disclosure of “scope 3 category 15 GHG emissions”, for example.…

Brazil, the world’s fifth largest country by size, with 60% of the planet’s rainforest, is investing in research to become an important bioplastics player, using its abundant natural resources. However, legislative obstacles are hindering its progress.

And there is plenty of room for improvement.…

Lying on CVs, fraudulent qualifications, ‘polygamous’ home-based working with unauthorised sidelines, and insider threats to companies from such hiring fraudsters, are occurring more frequently in job applications. In countries that suffered higher inflation post-Covid 19, the resulting ‘cost of living’ crisis is considered a motivator such sharp practices, while qualification fraud is being enabled by the relative ease of digitally altering confirmation documents, compared to hard copy originals.…

European Union (EU) member states are failing to implement mandatory sustainability reporting rules imposed by the EU’s corporate sustainability reporting directive (CSRD), the European Commission has concluded. It has opened infringement procedures against 17 of the 27 EU countries saying they have failed to properly write the directive into their national legislation: Austria, Belgium, Cyprus, Czechia, Estonia, Finland, Germany, Greece, Latvia, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovenia and Spain.…

The fashion worldwide industry needs to open itself to ideas from a variety of sources to strengthen its position, for instance through automated production efficiency, innovation in sustainability and widening sourcing worldwide, three young entrepreneurs have claimed. Speaking at the Sewn Products Equipment & Suppliers of the Americas (SPESA) conference in Montréal, Canada, this week Michael Mayr, co-founder and COO of Silana, a Vienna, Austria-based manufacturer claiming to have fully automated sewing of soft materials, a tough challenge for robotics, the “last major processing step in fashion production that has not been automated yet,” claims the company.…

As jurisdictions worldwide prepare for an imminent assessment by FATF or regional FATF-style bodies under a fifth round of scheduled mutual evaluation reports (MER), their governments will be parsing how these will differ from the fourth round of MERs

In short, according to a note from the Luxembourg office of international law firm Allen & Overy, FATF’s latest MER guidance, released in February (2024) (1), noted that MER5s will take six years, rather than earlier rounds’ average of 10.…

The freezing of Russian assets since the government of President Vladimir Putin invaded Ukraine in February 2022 has prompted western governments to consider seizing that money and property to fund reconstruction of a country ravaged by Moscow’s military aggression. Estimates of the value vary, but there is consensus that the value is at least USD300 billion, with the vast majority being assets from the central bank, the Bank of Russia.…

European Union (EU) member states have been adapting to the new legal guidance on access to their national registers of ultimate beneficial owners (UBOs) following the November 2022 ruling (1) at the European Court of Justice (ECJ) and a new EU directive published June 19 (2024).…

Budget constraints are threatening the ability of the European Public Prosecutor’s Office (EPPO) to continue investigating VAT fraud, especially as it expands to take on newcomers Poland and Sweden this year, the Luxembourg-based office is warning. The EPPO College (1), a management board composed of the European Chief Prosecutor, Laura Kövesi, and prosecutors from the now 24 participating member states – has been pushing for a much bigger budget as the agency’s workload rises.…