Search Results for: European law
The SIM hijackers: How criminals are stealing millions by hijacking phone numbers
March 16th, 2020
It is a common story: the signal bars disappears from their mobile phones, they call the phone number – it rings, but it’s not their phone ringing. They try to login to their bank account, but the password fails. ...
EU puts Cayman Islands on tax haven blacklist
February 19th, 2020
The European Union has added the Cayman Islands, a UK overseas territory, to its tax havens blacklist. It joins Oman, Fiji and Vanuatu, which have also been accused of failing to crack down on tax abuse. Oxfam, which lobbies ...
Coronavirus and credit – a perfect storm
February 19th, 2020
This article posits that the spread of the coronavirus coincides with the downturn in the global credit cycle, with potentially catastrophic results. At the time of writing, analysts are still trying to get to grips with the virus’s ...
Data protection fines hit £100m during first 18 months of GDPR
January 23rd, 2020
European countries have imposed approximately €114 million (£97 million) in data protection fines on businesses since revamped laws came into force in May 2018. Regulators have received 160,000 data breach reports, with UK firms third-most reported across Europe Approximately ...
Facebook’s transfer of EU citizen data to US legal, says EU court adviser
December 20th, 2019
Tools used by hundreds of thousands of companies to transfer EU citizens’ data abroad are legal, an adviser to Europe’s top court has ruled, marking a major win for Facebook in a long-running court case. Austrian privacy campaigner and ...
iSignthis shares its Annual Risk Classification of Customers
December 18th, 2019
iSignthis Ltd (ASX: ISX|DE: TA8)(“the Company”) is required under European Anti Money Laundering Regulation to classify its customers by risk levels (low, medium or high-risk) for its wholly-owned, prudentially regulated electronic-money services subsidiary, iSignthis eMoney Ltd. These classifications of ...
150 years of bank credit expansion is near its end
November 22nd, 2019
The legal formalisation of the creation of bank credit commenced with England’s 1844 Bank Charter Act. It has led to a regular cycle of expansion and collapse of outstanding bank credit. Erroneously attributed to business, the origin of ...
Plans for a global Dystopia
November 14th, 2019
Global policy planners intend to deliver replacements for both dollar hegemony and fossil fuels. Plans may appear uncoordinated and in their early stages, but these issues are becoming increasingly linked. A monetary reset incorporating state-sponsored cryptocurrencies will enable ...
GDPR is missing the point, says Edward Snowden
November 14th, 2019
Europe’s data protection legislation is still missing the point and will remain a ‘paper tiger’ until internet giants are hit with big fines, according to NSA-contractor turned whistleblower and privacy campaigner Edward Snowden. The General Data Protection Regulation (GDPR) ...
UK and EU strike new Brexit deal in last-ditch talks
October 17th, 2019
Negotiators from the U.K. and EU reached a draft Brexit deal in 11th-hour talks Thursday, although there are serious doubts that the agreement will be approved by U.K. lawmakers back in Westminster. Sterling rose on news after the U.K. ...
