While financial institutions, on the one hand, are in the process of implementing and preparing to apply the fundamental amendments and changes that will take place in upcoming years by the EU AML Package—entering into force...more
5/15/2025
/ Anti-Money Laundering ,
BaFin ,
Enforcement Actions ,
EU ,
Financial Institutions ,
Germany ,
Penalties ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements ,
Suspicious Activity Reports (SARs)
The EU has adopted a new directive which establishes EU-wide rules for defining criminal offences and penalties related to the violation of EU sanctions. A stricter regulatory environment and closer scrutiny is expected as...more
5/22/2024
/ Corporate Governance ,
Economic Sanctions ,
Enforcement Actions ,
EU ,
EU Directive ,
Internal Investigations ,
Jurisdiction ,
Member State ,
Penalties ,
Publicly-Traded Companies ,
Regulatory Agenda ,
Reporting Requirements ,
Sanction Violations ,
Whistleblower Protection Policies
It is, by now, well known that not taking data protection seriously can prove costly for organizations. Since the introduction of the European General Data Protection Regulation (the "GDPR") in 2018, non-GDPR-compliant...more