All EMEA articles – Page 13
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NewsABN Amro share price falls as investigators suspect ‘culpable money laundering’
ABN Amro has revealed an ongoing investigation by prosecutors now suspects “culpable money laundering” by the Dutch Bank
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NewsGerman football club Stuttgart fined for mishandling data
German football club VfB Stuttgart has been ordered to pay €300,000 ($361,000) by Baden-Wuerttemberg’s DPA for misusing data about its members. The club has also promised to educate young people about the importance of data protection.
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NewsUAE urges DNFBPs to sign up to AML programme as clampdown continues
The economy ministry in the UAE has reminded companies to register for the country’s anti-money laundering system before a 31 March deadline.
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NewsHackers access live feeds ‘from 150,000 surveillance cameras’
A group of hackers says it has breached security systems and viewed live feeds from 150,000 surveillance cameras supplied by Verkada to general and psychiatric hospitals, women’s health clinics, police stations, prisons, schools and companies, including car maker Tesla and software provider Cloudflare.
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AnalysisThe challenges of tackling modern slavery
Ahead of his session at FinCrime World Forum Andrew Wallis OBE explains the drivers behind modern slavery in the UK and what governments and businesses should do to help tackle the problem
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AnalysisBreaking the link between GDPR breach transparency and pain
The transparency requirements of GDPR are fuelling “micro-claims” for compensation, in addition to high-profile class action lawsuits. Stewart Room, preparing for his session at PrivSec Global, suggests the current system is creating perverse incentives and argues for a better solution
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NewsEntrepreneurial Britain partners with Vodafone to bring cybersecurity guidance to SMEs
Leading small and medium enterprise (SME) community network Entrepreneurial Britain has partnered with Vodafone to provide expert cybersecurity guidance to its SME members.
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NewsSwedish police fear Covid-19 gambling rules could spark money laundering rise
Money laundering could rise in Sweden’s gambling sector this year because of increased use of unlicenced gaming companies, the country’s financial police have warned in a report.
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NewsItalian government body fined for data breaches while investigating Covid-19 relief scandal
Italy’s social security and pensions agency Istituto Nazionale della Previdenza Sociale (INPS) has been ordered to pay €300,000 for contravening privacy protection laws when investigating politicians claiming state aid during the coronavirus crisis.
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NewsUkrainian oligarch and former governor sanctioned over alleged corruption
The United States Secretary of State Antony Blinken has sanctioned Ukrainian oligarch and former governor Ihor Kolomoyskyy, who has business interests in the United States, over alleged corruption
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AnalysisBrexit and fincrime: are things are about to get a bit more complicated?
The Brexit trade agreement contains warm words of co-operation on financial crime matters. However, Dr Anna Bradshaw, ahead of her appearance at FinCrime World Forum, fears there may be difficulties further down the line.
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NewsSwiss voters reject digital identity scheme amid data privacy trust concerns
A majority of voters, 64.4%, said no in a referendum to an electronic identity (eID) scheme which would be licensed and controlled by the Swiss government but provided mainly by private companies.
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NewsFrench DPA launches programme to assess audience measurement solutions for consent exemptions
France’s data protection authority has launched a programme to help determine whether specific audience measurement solutions are exempt from collecting user’s prior consent.
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NewsCryptocurrency fraudster pleads guilty to money laundering and $16m fraud
Swedish national Roger Nils-Jonas Karlsson is facing up to 20 years in jail in the US after admitting defrauding 3,500-plus people of more than $16m (€13m).
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News South Africa’s regulator clamps down on Facebook’s contact-sharing
Social media giant Facebook cannot share any contact information it collects from WhatsApp users in South Africa with its other business without obtaining authorisation from the country’s Information Regulator (IR), the watchdog has ruled.
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ebookHow innovators outperform competitors in banking
2021 will be a hard year for the financial sector. The winning strategy is to accelerate digital transformation: build on customer trust and establish true data-centricity by developing synthetic data capabilities to produce accurate and privacy-compliant synthetic truths to be used as drop-in placement for sensitive, raw data.
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NewsCJEU rules electronic communication location data must only be used in investigations of ’serious crime’
Location data drawn from electronic communications must only be used by law enforcement investigations involving ‘serious crimes’ and to prevent ‘serious threats to public security’, the European Court of Justice (CJEU) has ruled.
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BlogThe attacks on DeFi as a money laundering threat don’t stand up
Recent research has described Decentralised Finance (DeFI) as the “next major threat vector for money laundering.” Ben Whitby, ahead of his appearance at the FinCrime World Forum later this month, argues this accusation does not reflect reality.
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NewsGDPR ‘out of date’ and needs revising, says one of its architects
Europe’s data protection laws need updating to take into account increased remote working and new technologies, according to a politician who was a driving force behind the legislation.
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News Netherlands DPA reports ‘explosive increase’ in cyber attacks involving data theft
The Dutch Data Protection Authority (AP) last year received 1,173 reports of data leaks in which hacking, malware or phishing were used.
