Ingrid Gacci

What a journey! This is the impression after three days spent at Money20/20. Money20/20 is not only the largest global fintech event where payment and financial industries are connected to commerce, but a fascinating event that gave Risk & Compliance Platform Europe the opportunity to meet innovative top managers and professionals from all over the world. We recently had the pleasure of conducting one of our most insightful interviews together with the CEO of Trulioo, Steve Munford. Trulioo is a Canadian-based company that provides electronic identity and address verification of both individuals and businesses. Continue reading…

The FCA is to use new powers to more swiftly cancel or change what regulated activities firms are permitted to do, these are known as permissions. This new power is available following a change in the law allowing the FCA to streamline and shorten the removals process. The FCA will provide a firm with two warnings if it believes it is not using its regulatory permission. The FCA will then be able to cancel the permission, or change it, 28 days after the first warning if the firm has not taken appropriate action. 

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Dina-Perla Portnaar

Another edition of the leading finance event has gone by. Between 7th and 9th June 2022, Money2020 was vibrant like always. In fact, the 2022 edition seemed even more vibrant than ever. Post-pandemic, it felt like a true gift to meet all those familiar and new faces in one venue. There is something special about meeting up with like-minded people in real-life. Continue reading…

Investigations and prosecutions of the crime of genocide, crimes against humanity and war crimes (known collectively as core international crimes) have steadily risen within the European Union since 2016. A total of 1,547 new cases were opened in 2021, compared with 1,073 in 2016, which represents a 44% increase.  In 2021, 3,171 cases were ongoing across all Member States. This trend can be attributed, in part, to the escalation of conflicts and grave human rights violations near EU borders (most recently in Ukraine, Belarus and Syria), leading to an influx of refugees into Member States. The higher level of expertise now available among national authorities also explains the increase in investigations.

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Richard Lloyd OBE has become Interim Chair of the Financial Conduct Authority, as previously announced on 4 February 2022. He takes over from Charles Randell CBE, who stood down yesterday after four years as Chair. Richard will act as Chair until HM Treasury appoints a permanent successor. A recruitment process is underway. Continue reading…

The judicial authorities of Estonia, Latvia and Slovakia will become members of the joint investigation team (JIT) on alleged core international crimes, which has been set up with the support of Eurojust. The Prosecutors General of the three EU Member States signed an agreement to join the JIT, together with their counterparts from Lithuania, Poland and Ukraine, during a coordination meeting hosted by Eurojust on May 30 and the following day. The JIT was set up on 25 March by Lithuania, Poland and Ukraine, and the Office of the Prosecutor of the International Criminal Court (ICC) became a participant last month. Continue reading…

by Daniel Vaknine

Employees play a key role in an organisation’s well-being. As we all know, it is they who make the organisation work. If the employees in an organisation are dissatisfied or experience injustices in the workplace, it can have major negative effects, ranging from lack of motivation and lack of results to enormous negative media attention or lost partners. A critical component in the well-being of employees is the possibility of whistleblowing. Historically, there have often been situations where people are afraid of being singled out as whistleblowers, either for fear of retaliation, special treatment or getting rid of their jobs. Today, these are well-established facts amongst many within the risk and compliance industry. Continue reading…

The Basel Committee met on 27 May and approved a finalised set of principles for the effective management and supervision of climate-related financial risks. It also progressed its work on specifying a prudential treatment of cryptoassets and issuing a second consultation paper, and agreed on a way forward to reflect developments in the European banking union (EBU) on the assessment methodology for global systemically important banks (G-SIBs). In addition, the Committee is continuing to assess risks to and vulnerabilities of the global banking system, including those ensuing from the conflict in Ukraine. Continue reading…

At a dedicated conference, criminal justice practitioners and experts from the South Partner Countries (SPCs) and the European Union Member States discussed how to help judicial and law enforcement authorities to apply data protection standards when gathering cross-border electronic evidence in criminal matters. The event was organised by the EuroMed Justice Programme (EMJ) in close coordination with the French Ministry of Justice and under the French Presidency to the EU Council. It took place in Lyon, France, between 31 May and 2 June. Continue reading…