Europe’s new Anti-Money Laundering Authority launched two public consultations that go to the heart of that effort, setting out draft expectations for business-wide risk assessments and group-wide AML and counter-terrorist financing frameworks. The proposals arrive as part of a broader push to bring consistency to a system that has long varied across sectors and jurisdictions.
In preliminary findings published this week, the European Commission said Google should provide third-party search engines with access to core datasets (ranking, query, click, and view data) on fair, reasonable, and non-discriminatory terms. The goal is straightforward, even if the execution will not be: give competitors the tools they need to challenge Google Search in a market long defined by its dominance.
France’s competition authority has handed down €12.67 million in fines to a group of organic retail players and their trade association, concluding that they orchestrated a long-running agreement to carve up the market and shield prices from competition.
The Central Bank of the United Arab Emirates has rolled out a big update to its anti-financial crime framework, issuing new guidance aimed at strengthening how financial institutions detect and respond to money laundering, terrorist financing, and proliferation financing risks.
The European Data Protection Board is simplifying one of the more complex corners of the General Data Protection Regulation, adopting a new template designed to bring greater consistency and clarity to Data Protection Impact Assessments across Europe.
The European Commission has escalated its antitrust case against Meta, signaling it may impose interim measures that would force the company to restore full access for rival AI assistants on WhatsApp as the investigation unfolds.
The UK’s financial regulator is moving closer to formal enforcement action against Hartley Pensions Limited and an individual linked to the firm, laying out allegations that cut to the heart of trust in pension management.