Germany is preparing legislation to prohibit cash transactions in the real-estate market to step up efforts to fight money laundering and other financial crimes. “Our national risk assessment shows that we need to do more
In the past few years there has been an onslaught of regulatory changes regarding environmental, social, and governance considerations, signalling a sea change in the way advisers will do business with clients. The UK government
The war in Ukraine makes painfully clear that financial markets and anti-corruption are intimately intertwined with global security and democratic prosperity. For weeks, anti-corruption experts have been discussing the various ways that long-standing regional corruption may be
A Lithuanian woman on Wednesday pleaded guilty to involvement in laundering more than 29 billion Danish crowns ($4.1 billion) through Danske Bank’s Estonian branch, her defence lawyer said. The case, in which two other individuals
When about 50 German police officers raided the Frankfurt office of fund manager DWS last month as part of an investigation into greenwashing, the move marked the beginning of what many believe will be a
With official enforcement of the Lieferkettengesetz German Supply Chain Due Diligence Act (Act) beginning on 1 January 2023, organisations will need to work quickly to align their due diligence practices with the new legislation. These
Switzerland has adopted new EU sanctions against Belarus and Russia, also imposing financial and travel sanctions on 100 additional individuals and entities, including oligarch Aleksandra Melnichenko, the Federal Council said on Friday. The Swiss list
All major suppliers of products and services to Deutsche Bank will be required to undergo an ESG assessment, according to a new policy unveiled by the bank, with new contracts only approved for vendors that
Legislation and regulation to address environmental, social and governance (ESG) issues continue to grow — a new one to be aware of is the Lieferkettengesetz – German Supply Chain Due Diligence Act (Act). This Act
Commencement of the Lieferkettengesetz German Supply Chain Due Diligence Act (Act) is fast approaching. Impacted organisations are assessing their current systems and processes for supply chain due diligence to ensure their compliance with the Act.
The UK Government has announced that it is introducing new sanctions against the Russian airline sector. State-owned Aeroflot, Russia’s largest airline, Ural Airlines and Rossiya Airlines will now be unable to sell their unused, lucrative
The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow’s proposed scheme to receive gas payments in roubles would breach
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