The UK will be considered a “third country” as soon as it leaves the European Union (EU), which will potentially affect personal data exchanges with the UK, the EC’s consumer directorate has said in a Notice to Stakeholders. In view of the “considerable uncertainties”, particularly concerning the content of a possible withdrawal agreement, the notice said […]

Beneficial owners AND third-parties AND a Four Step Due Diligence ProcessThe European Commission has been working on updating its nine-year-old Third E.U. Anti-Money Laundering (AML) Directive to accommodate new international standards and to address previous shortcomings. Earlier this year, the E.U. Parliament approved new draft legislation, bringing the Fourth AML Directive one step closer to […]