The Pandora Papers exposed the world to a problem anti-money laundering (AML) expert have known about for some time: thousands upon thousands of new shell companies, offshore tax havens, and secret trusts created every day to hide funds of the wealthy and powerful.
The European Parliament has voted to adopt the proposed Directive on credit servicers and credit purchasers (also known as the Non-Performing Loans Directive).
During its plenary session of October 2021, the European Data Protection Board adopted a final version of the Guidelines on restrictions of data subject rights under Art.23 of the GDPR following public consultation.
The British financial watchdog penalized KPMG £13 million for a ‘very alarming’ conflict of interest in August. Silentnight, a bed and mattress maker, was allegedly forced into bankruptcy by KPMG in 2011 in order for HIG, a private equity firm, to purchase the company.