Tag: European Union

The increasing urgency of global challenges like climate change and social inequality has propelled corporate sustainability reporting from a voluntary initiative to a crucial business practice.

In recent years, the international community has intensified sanctions against Russia and Belarus, with the European Union, UK, US, and other G7 countries expanding multilateral sanctions.

The European Single Access Point (ESAP) is a significant stride towards transforming the EU’s approach to sustainable finance.

According to recent analyses, such as a report from NASDAQ, financial crime continues to funnel a staggering $3.1 trillion through the global financial system...

The Corporate Sustainability Reporting Directive (CSRD) is setting new standards for sustainability reporting across the European Union.

As of July 2024, credit and financial institutions within the EU are mandated to adhere to stringent reporting requirements for transactions associated with Russian ownership, as detailed by the European Commission.

Money laundering continues to pose a significant threat across the Asia Pacific region, with sophisticated tactics challenging financial institutions. As technological advancements emerge, so too do the strategies of those intent on manipulating financial systems. In response, both regulatory bodies and financial institutions are developing innovative approaches to counter these threats.

Okredo, a Lithuanian company specializing in open data solutions, has successfully secured €1.2m from the EU.

The integration of AI within compliance frameworks is revolutionising how companies process vast amounts of data, bringing unprecedented efficiency and effectiveness.

Customer Due Diligence (CDD) stands as a cornerstone in the ongoing battle against money laundering and terrorist financing. It compels regulated entities to collect and verify personal details—name, address, date of birth, and government-issued identification—from customers to authenticate their identities and assess potential financial crime risks.