INTRO Since the new General Data Protection Regulation (GDPR) came into effect on 25 May 2018, the focus on data is more significant than ever, and the price for companies who fail to protect their data has never been more costly. As it’s not yet been a year since the new regulation came into effect, […]

BNP Paribas (BNPP.PA) plans to move 45 internal finance jobs from Paris to Lisbon as banks facing growing workloads to deal with changes in regulations and accounting rules try and improve their efficiency. The French lender confirmed the move on Tuesday, which was first announced by the Force Ouvriere (FO) union. “Like all banks, we […]

Jersey has been removed from Portugal’s blacklist, due to “transparency and cooperation”. Blacklists are compiled to exclude counties or bodies which are deemed uncooperative in fighting fraudulent, illegal or criminal activity. The Portuguese Minister of Finance, Mario Centeno, signed a degree at the end of 2016 to take Jersey off their list. It’s partly due […]

Portuguese prosecutors said on Thursday they plan to charge former interior minister Miguel Macedo for his role in a money-laundering scandal linked to “golden” visas, which handed residency permits to wealthy foreigners. The announcement came shortly after Portugal’s National Assembly decided to lift the parliamentary immunity Macedo enjoyed as a member of the centre-right government […]

The decision to detain Jose Socrates sent shockwaves through Portuguese politics Portugal’s former centre-left PM, Jose Socrates, has been remanded in custody on suspicion of corruption, tax fraud and money laundering. Mr Socrates, 57, was detained on his return from Paris on Friday and has already spent three nights in jail. The judge delivered the […]