Search Results for: Ireland

The European Union (EU) is edging towards a digital Euro, one of several jurisdictions worldwide developing a central bank digital currency (CBDC), but what anti-money laundering controls would need to be built into the system and how can this be balanced with data protection and privacy considerations?…

The UK’s National Fraud Initiative (NFI) has helped prevent, detect or recover some GBP442.6 million (USD548.58 million) fraud and error through data matching UK-wide in the period April 5, 2020, to March 31, 2022, according to the latest report (1). This brings the total fraud and error losses saved since its creation in 1996 to GBP2.4 billion (USD2.97 billion).…

The European Union’s (EU) new ‘Women on Boards’ directive (1) is designed to force change in the EU’s director cohort by requiring that the ‘under-represented sex’ (which could be male on rare female-dominated boards) make up 40% of non-executive directors or 33% of all major company directors.…

The UK’s law enforcement and prosecuting authorities have been striving to mitigate the loss of automatic collaborative relationships with European Union (EU) member states, following Brexit. Keith Nuthall reports

A key priority of the talks forging the 2020 EU-UK Trade and Cooperation Agreement (TCA), (1) which underpinned Britain’s full Brexit form the EU on January 1, 2021, was salvaging the close relationship between UK and EU police and prosecutors.…

The European Union (EU) Council of Ministers has told its member states that it expects their governments to actively combat fraud in spending under the EU Common Agricultural Policy (CAP). That this is an ongoing problem was highlighted in a report for the EU’s financial watchdog the Court of Auditors issued in July (1).…

Public-private partnerships (PPP) in the anti-money laundering domain are “flourishing” across the European Union (EU) but “there is no commonly agreed definition” of how these should operate, notes new European Commission guidance. A staff working document (1) from the EU executive “does not aim to harmonise the concept of public-private partnerships”, rather the “non-binding” guidance examines the way PPPs function in the EU, with a series of case studies.…

The Nordic and Baltic beer markets are increasingly diverse, with craft beer sales growing faster than those for standard beers across the region, with only Lithuania bucking the trend. According to UK-based market researcher GlobalData (which owns Just Drinks), sales of craft beers Denmark, Sweden, Norway, Finland, Estonia and Latvia have all seen significant sales increases over the past five years with many exhibiting double-digit growth.…

With AML/CFT technology becoming ever more powerful and sophisticated, such as the development of artificial intelligence (AI) and machine learning to process and analyse data, the pressure on AML-obliged bodies to update their information AML/CFT technology (IT) systems is growing.…

The Chinese infant formula industry will hit a regulatory milestone in February (2023) with the introduction of new national standards first published last year (2021) by the country’s National Health Commission. These standards, including GB10765-2021 (1) promise to make labelling “more scientific”, thus improving quality of products.…

In late-July, the European Investment Bank (EIB) agreed on the financing structure of NeuConnect, the first ever energy link connecting Germany and the United Kingdom, two of the largest electricity markets in Europe. The investment to build the interconnector will amount to EUR2.8 billion, with the EIB set to contribute up to EUR400 million for the financing construction of the section within the European Union (EU).…