Search Results for: Austria

The European Public Prosecutor’s Office (EPPO) has spoken out against a proposed Austrian law that might undermine its ability to probe transnational and national crime, through preventing its teams from seizing data that might compromise offenders.

This proposed legal amendment from Austria’s justice ministry would reserve the power to seize data and data storage devices in Austria to Austrian law enforcement.…

European Union (EU) tariffs of up to 38.1% on China-built BEVs effective July 5 (2024), likely will not stall progression of Chinese automakers onto Europe’s markets but could steer them towards producing or assembling cars in the bloc, say auto industry experts.…

The European Union’s (EU) new Anti-Money Laundering Authority (AMLA) is being hailed as a ‘game changer’ in the battle against dirty money by Europe’s lawmakers, even before it officially starts work at its Frankfurt base on July 1, 2025. But it will be a long road to get to full cruising speed, as planned for 2028, when AMLA is projected to directly supervise Europe’s 40 most ML-risky banks and other financial institutions that operate in six or more EU countries.…

The government of Ukraine, struggling against a Russian offensive near its second city Kharkiv, has joined the European Union’s (EU) Union Anti-Fraud Programme (UAFP), as it seeks to shore up EU support through anti-graft and financial crime efforts. Indeed, Ukraine is the first non-EU country to formalise participation in the European Commission-run scheme, which has a budget of EUR181 million and will run until 2027 (from 2021) (1).…

The government of Ukraine, struggling against a Russian offensive near its second city Kharkiv, has joined the European Union’s (EU) Union Anti-Fraud Programme (UAFP), as it seeks to shore up EU support through anti-graft and financial crime efforts. Indeed, Ukraine is the first non-EU country to formalise participation in the European Commission-run scheme, which has a budget of EUR181 million and will run until 2027 (from 2021) (1).…

The European Union (EU) Council of Ministers has given its final approval to an EU directive insisting that EU member states criminalise and impose dissuasive punishments on the deliberate evasion of sanctions (1).

This law has been drafted amidst rising concern that Russia and Russians are effectively bypassing the slew of sanctions ordered following their country’s ongoing full-scale invasion of Ukraine (2).…

While beer consumption in Slovakia is not as high as neighbouring Czechia (which has the world’s highest per-capita beer drinking), it is still the 13th highest worldwide at 79.9 litres per person annually (2022 figures) (1).

So, it is no surprise that Crown Holdings, one of the world’s largest producers of metal packaging, continues to invest in its beverage can plant in Kechnec, eastern Slovakia.…

Accountants and their clients within the European Union (EU) have had to avoid trading with an increasing number of sanctioned individuals and companies, especially in Russia, following its invasion of Ukraine. Now, with sanctions evasion being criminalised across the EU under a new proposed law, the risk of exposure to sanctions for EU companies and their accountants and auditors has risen further – both when dealing with actors subverting these measures and when undermining sanctions themselves, of course.…

In August 2022 Germany’s finance minister Christian Lindner famously labelled Europe’s biggest economy a “money laundering paradise” and pledged to restore Germany’s AML reputation. The subsequent reforms are now picking up steam, with Mr Lindner’s finance ministry in November 2023 (1) proposing a Combatting Financial Crimes Act (Finanzkriminalitätsbekämpfungsgesetzes – FKBG) to reorganise Germany’s AML efforts, which was given first reading approval in the Bundestag in December (and is now under consideration in committee.…

Food innovation centres (FICs) have become a feature of the global food production landscape over the past few decades and now play a significant role in the research and development of edible products.

The first purpose built FICs started to appear in the final quarter of the 20th century, with the University of Nebraska-Lincoln in the US’s Midwest Corn Belt, an early mover in this field, opening its Food Processing Center in 1983 (1).…