compliance
FinanceBank of England Reviews Staff Financial Rules After Fed Ethics Scandal
BusinessReducing the Impact of Human Error in Financial Services
BusinessHybrid Working Linked to the Increase of Fraud
BusinessIreland Nears Facebook Decision Key to EU-U.S. Data Transfers
EU Draft Law Would Require Firms to Check Suppliers for Human Rights, Environmental Ethics
Date: February 22, 2022
By Simon Jessop and Jan Strupczewski BRUSSELS (Reuters) – The European Commission will unveil on Wednesday a proposal to make large companies operating in the European Union check that their suppliers from around the world do not use slave or child labour and that they respect environmental standards, a draft of the law showed. The...
Financial Think-Tank Calls for Regulated ESG Ratings in Britain
Date: February 22, 2022
By Huw Jones LONDON (Reuters) – Britain should regulate sustainability ratings on companies to improve transparency, reduce the risk of greenwashing and protect investors, a regulatory research body said on Monday. The wall of money going into environmental, social and governance (ESG) funds has raised concerns among regulators about greenwashing, when sustainability credentials are exaggerated...
Germany Not Affected by Reports of Credit Suisse Data Leak – Finance Ministry
Date: February 22, 2022
BERLIN (Reuters) – Germany does not think it is affected by a leak of Credit Suisse client data that was published by an investigative journalism network, a spokesperson for the finance ministry said on Monday. Several media outlets published allegations that the bank’s clients included human rights abusers and businessmen who had been placed under sanctions. Credit...
Bribery and Corruption Are a Real and Present Danger to UK Businesses– Here’s What to Do
Date: February 21, 2022
By Leas Bachatene, CEO ethiXbase The risk of bribery and corruption is often greater in times of crisis and the pandemic has only aggravated vulnerabilities further. Corruption is a risk to societies and organisations around the world, including in the UK, with COVID-19 highlighting the importance of having a strong anti-bribery and anti-corruption programme in...
Credit Suisse Denies Wrongdoing After Client Data Leaked to Media
Date: February 21, 2022
VIENNA (Reuters) – Credit Suisse said on Sunday it “strongly rejects” allegations of wrongdoing after dozens of media published results of coordinated, Panama Papers-style investigations into a leak of data on thousands of accounts held there in previous decades. One person leaked the information on the accounts ranging from the 1940s to the 2010s to...
Exclusive-Ericsson Informed U.S. DoJ in 2019 About Iraq Probe – Sources
Date: February 18, 2022
By Supantha Mukherjee STOCKHOLM (Reuters) -Ericsson informed the U.S. Department of Justice (DoJ) about an internal investigation into payments in Iraq when it signed a Deferred Prosecution Agreement (DPA) in 2019 to settle separate corruption probes, sources familiar with the matter said. The Swedish company’s shares fell 14% on Wednesday over concerns that it might...