EU Archives - Corruption, Crime & Compliance

19 Jun, 2024

European Council Officially Adopts New AML/CFT Package

This blog post was co-authored by Daniela Melendez, an Associate with The Volkov Law Group. On May 30, 2024, following passage by the European Parliament in late April, the European Council officially adopted a set of rules that modernizes and harmonizes money laundering and terrorist financing (“AML/CFT”) regulations across the various EU Member States. The new AML/CFT regulations consists of three (3) primary components: the EU Single Rulebook...

The EU Corporate Sustainability Reporting Directive is (Almost) Here. Is Your Company Ready?

General

15 Nov, 2023

The EU Corporate Sustainability Reporting Directive is (Almost) Here. Is Your Company Ready?

On January 1, 2024, the long-awaited EU Corporate Sustainability Reporting Directive (“CSRD”) begins to take effect. The CSRD is intended to redefine corporate social responsibility expectations for both in-scope companies and out-of-scope third-parties with whom they transact. This regulatory overhaul concentrates enforcement efforts on global supply chains, requiring in-scope companies to take an active role in safeguarding human rights not just within their own operations,...