Search Results for: European law
The EU is taking another look at regulating crypto
August 30th, 2018
Cryptocurrency traders and issuers of virtual currencies are in for a fresh round of scrutiny from European politicians. Finance ministers from the European Union’s 28 member states will discuss a host of challenges posed by the growing popularity of ...
Data protection complaints in UK doubled since GDPR took effect
August 28th, 2018
The number of data protection complaint reported to UK regulators has nearly doubled since the introduction of new data protection laws, the Information Commissioner’s Office (ICO) has said. Saturday marks three months since the General Data Protection Regulation (GDPR) ...
U.K. accounting faces chaos in no-deal Brexit
August 28th, 2018
Accounting in the U.K. would be thrown into chaos if the country fails to strike a deal on how to leave the European Union, which looks increasingly likely. “Things could simply stop,” Anthony Walters, Head of Public Affairs at ...
UK Banks advocate Brexit deal on financial services
August 23rd, 2018
Several UK financial services enterprises have urged the government to strike a deal with the EU allowing British banks, insurers, and wealth managers to do business on the continent free of any possible restrictions. Kristian Rouz — The British ...
Ex-Head of Volkswagen suspected of tax evasion in Germany – Reports
July 31st, 2018
The prosecutors of the German city of Braunschweig are suspecting former head of Volkswagen AG Martin Winterkorn of tax evasion, local media reported on Sunday. The investigation began in 2017 in Munich, when a staff member at Sparda bank ...
The reason EU fined Google €4.34 billion
July 19th, 2018
The European Commission has issued an announcement to inform that decided to impose a total fine of €4.34 billion to the technology giant Google. According the announcement, The European Commission has fined Google €4.34 billion for breaching EU antitrust rules. ...
Stocks in Europe are poised for a mixed open Tuesday; Technology stocks in focus
July 17th, 2018
Stocks in Europe are poised for a mixed open Tuesday as investors await further corporate results and remarks by Federal Reserve Chairman Jerome Powell. The FTSE 100 is seen up by 6 points at 7,601; the DAX is expected ...
EU anti money-laundering rules enter into force
July 11th, 2018
New EU rules against money laundering, which entered into force Monday, introduce stricter transparency requirements on the real owners of companies and strengthen the fight against terrorist financing. The 5th Anti-Money laundering Directive, first proposed by the European Commission ...
Big four accounting firms paid millions to advice EU Commission on tax policy
July 10th, 2018
EU lawmakers should stop relying on policy advice from the world’s four largest accounting firms, given their status as “goliaths of the tax planning world,” according to an independent Brussels-based watchdog. Far from being “objective and legitimate” advisers on ...
EBA and ESMA publish Guidelines on suitability assessment for management body members and key function holders
July 6th, 2018
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have published their joint Guidelines to assess the suitability of members of management bodies and key function holders. These guidelines are issued pursuant to Article 16 ...
