by Jyotsna Bucktowar | Jul 6, 2023
The law would ensure that EU sanctions are enforced uniformly across member states, with common definitions and dissuasive penalties.
by Jyotsna Bucktowar | Jul 6, 2023
According to the proposal, violating and circumventing the sanctions should be punishable criminal offences carrying prison sentences of a maximum of five years and fines of up to ten million euro. When companies violate or circumvent sanctions, they should be...
by Jyotsna Bucktowar | Jun 6, 2023
The new rules will provide law enforcement authorities quick access to information on the accounts where criminals and terrorists keep or hide their funds or assets. The agreed Directive will give them access to the single access point interconnecting bank account...
by Jyotsna Bucktowar | Jun 6, 2023
EU countries will have to make information from centralised bank account registers available through a single access point. This will help law enforcement and judicial authorities to fight criminal offences as they currently have to collect this information via the...
by Jyotsna Bucktowar | Apr 20, 2023
EP endorsed the first EU rules to trace crypto-asset transfers (like bitcoins & electronic money tokens), prevent money laundering, as well as common rules on supervision and customer protection. The aim is to ensure that crypto transfers can always be traced and...
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