All EMEA articles – Page 14
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NewsEBA updates guidelines on AML/CTF risk factors
The European Banking Authority has published revised detailed guidance on Anti Money Laundering (AML) and Counter-Terrorism Financing (CTF) risk factors.
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NewsUK minister signals divergence: 'EU doesn’t hold the monopoly on data protection'
A United Kingdom government minister has signalled the country is likely to diverge from the European Union on data protection.
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AnalysisUAE’s AML journey: radical change or more of the same?
The United Arab Emirates has long been a magnet for illicit funds, for a whole host of often deep-rooted economic, historical, geographical and cultural reasons. But with the Financial Action Task Force calling for urgent action, the Gulf state has recently shown signs of flexing its regulatory muscles, but can it really adequately tackle financial crime?
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NewsLuxembourg’s privacy commissioner defends lack of GDPR fines
A commissioner at the Luxembourg data protection agency has defended the lack of fines for General Data Protection Regulator (GDPR) breaches in the country, where many multi-national businesses are based.
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NewsAuthorities shut down trafficking and laundering network that made profit of €14 million
Law enforcement agencies have dismantled a cross-border human trafficking and laundering ring, raiding properties and arresting 38 suspects in France, Romania and Moldova.
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NewsOxford University confirms cyber incident at Covid-19 research lab
Oxford University has confirmed reports of a cyber incident at a research laboratory that is researching how to counter the Covid-19 pandemic
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NewsUkrainian agency links cyberattack on government to Russia
The National Security and Defence Council (NSDC) of Ukraine believes Russian hacker-spy group Pterodo/Gamaredon is behind a cyberattack on a Ukrainian government file-sharing system.
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BlogThe EU’s UK adequacy decision should not be seen as a cast-iron permanent solution
Businesses breathed a sigh of relief last week when the European Union issued a draft adequacy decision guaranteeing the continued free flow of personal data between the EU and UK. Muzaffar Shah argues however that potential regulatory divergence and legal precedent point to an uncertain future for the arrangement.
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NewsSpain fined €15m for failing to adopt data protection directive
The EU’s Court of Justice has imposed a €15m ($18.0m) financial penalty on Spain for not adopting a European Commission (EC) directive about the protection of personal data. The court also ruled Madrid must pay €89,000 daily while it fails to comply.
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BlogBlaming company formation agents misses the bigger picture about AML in the UK
The National Crime Agency is planning a crack down on company formation agents as part of an AML drive. However, John Binns argues the problems are due to more significant holes in the UK’s financial crime safety net
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NewsA strong compliance programme “should be part of a company’s DNA” says head of UK’s SFO
The head of the United Kingdom’s economic crimes investigative agency has stressed the need for companies to have a strong compliance programme.
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ebookThe Key Pillars for Protecting Sensitive Data
Traditionally organizations have focused IT security primarily on perimeter defense, building walls to block external threats from entering the network. While this is still important, it is not enough.
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NewsUK cyber fraud efforts ‘hampered by uncertain definitions and measurement’ warns think tank
A “worrying” lack of certainty about the definition, understanding and measurement of cyber fraud is hampering efforts to tackle cyber fraud, a United Kingdom think tank has warned.
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NewsFrench insurer goes offline to protect data following RansomExx ransomware attack
French health insurance company Mutuelle Nationale des Hospitaliers (MNH) has disconnected from the internet following a ransomware attack.
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NewsGermany, Portugal and Romania warned to bring AML laws into line with rest of Europe
The European Commission has sent formal letters of warning to Germany, Portugal and Romania urging them to bring their anti-money laundering (AML) laws into line with European Union directives “correctly”.
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NewsCash payments to UK universities raise money laundering concerns
Financial crime experts have raised concern about the number of universities in the UK which accept cash payments from students from countries with high money-laundering risks.
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NewsEuropean Commission issues draft data adequacy decision for UK
The European Commission has issued draft adequacy decisions for the transfer of personal data to the United Kingdom.
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NewsHacker leaks personal data of 110,000 Lithuanians, including government officials
A criminal investigation into the leak of 110,000 Lithuianians’ personal data is underway after a hacker posted a list obtained from an unsecured database backup in return for $1,000 in bitcoin.
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NewsFacebook fined €7m in Italy for non-compliance with data practices
Italy’s Competition Authoity has fined Facebook €7m ($8.42m) for not complying with changes to data practices ordered by the anti-trust authority in November 2018
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News‘Record year’ for UK cyber security sector as number of firms increases 21%
The number of active cyber security firms in the UK has surged 21% in a year, a government-commissioned report has found
