On 1 February, EU Business reported that fraudsters behind the ‘EU Business Register’ scam are causing havoc once again, cybersecurity technology company Bitdefender warned. The research, on a phishing scam which has targeted global businesses for years, should serve as a warning for EU businesses who could fall victim to it.
The EU Business website provides these Business Guides, which are background information and Questions & Answers about topical EU business issues. These includes guides on the December agreementto update the current rules governing VAT rates for goods and services; a new tool to counter the use of economic coercion by third countries; a minimum effective tax rate for the global activities of large multinational groups; and a new Standardisation Strategy outlining the EU’s approach to standards within the Single Market as well as globally.
On 17 February, ICIJ published an article saying that the sanctions regime that U.K. officials say they are devising may be the most worrying for rich Russians, who have long seen London as a safe destination for storing and growing their wealth. For more than a decade, ICIJ has tracked flows of money globally – stories that have commonly involved wealthy Russians with elite political connections. These projects included the Panama Papers, Paradise Papers, FinCEN Files and Pandora papers. It details 5 oligarchs whose financial dealings have been uncovered by ICIJ investigations – and who have received additional scrutiny from authorities.
A post from Cooley on 16 February says that 2 recent cases in the UK courts highlight the tension between an individual’s right to privacy during a criminal investigation and the freedom of the press to report on the investigation as a matter of public interest. It remarks that such cases raise questions about the privacy rights of the subjects of investigation under Article 8 of the ECHR. A Court of Appeal case involved Bloomberg publishing a second report describing a letter of request for mutual legal assistance to foreign authorities, where the balance tipped in favour of privacy, even though the investigation related to the business dealings of a large international company and included matters of ‘high public interest’. In a second case, the High Court recently addressed the privacy rights of individuals under investigation by the SFO and ordered a postponement of the publication of a Statement of Facts re a DPA, as those involved had neither testified nor agreed to the DPA version of the facts.