Europol and Eurojust sign new contribution agreement expanding cooperation on the SIRIUS project

08 January 2021

Europol and Eurojust have recently signed a contribution agreement that will expand their partnership in supporting law enforcement and judicial authorities with cross-border access to electronic evidence. This new agreement, in place from January 2021 to June 2024, reinforces the success of the SIRIUS project and sets about its second phase of development and enhancement. Launched by Europol in 2017, the SIRIUS project aims to foster the co-development of practical and innovative tools and solutions for EU law enforcement and judicial authorities that can support internet-based investigations. Eurojust has made a significant contribution to the SIRIUS project by providing the perspective of EU judicial authorities. Under this new agreement, Eurojust becomes a full partner of the project. Continue reading…

Personalia

Ken van Ierlant

Digital Thought Leader
Member of the Board of Directors of UpGen. Experienced CEO / CDO / CIO in the field of transformation processes within internationally oriented companies.
Personalia

Arthur Stolk

Co Founder of Icoinic, the first Dutch fund manager to trade in crypto assets
His long background in IT, finance and Bitcoin allows him to follow and translate market movements with a down-to-earth and passionate approach.
Personalia

Cécile Louchard-de Barsy

Senior Compliance Officer at Banque Degroof Petercam Luxembourg since september 2020
An innovative Compliance & Forensic pofessional who delivers efficient solutions for both financial and industrial players.
Personalia

Marta Andreeva

Global Compliance Program Specialist at Crypto.com since July 2020
Marta is passionate about developing a culture of compliance, increasing awareness and coaching and mentoring others.

Yesterday’s historic pro-Trump protestors’ storming of the US Capitol will continue to rumble for years to come…

07 January 2021

by Michel Klompmaker

A cat in a corner makes strange jumps. But the current President of the United States made it very colourful. The whole world was able to witness this last night. Once again it appears that power politics was and is leading with Trump. Well, he will have to answer to various judges immediately after his presidency and that could turn out to be very unpleasant for him. The word “folk driver” comes up spontaneously when you study the images from yesterday. Let’s take a look at the two topics of integrity and honesty. Integrity bring a frown to all eyebrows. An attack on the independent press and on the election results if you lose turns out to be “bon ton”. And then honesty: How many thousands of scientifically controlled lies should one be able to tell and tweet? The Washington Post has meticulously mapped it all out. It will be years there for the fanatical Trump supporters to understand, should that ever happen again. Once more, proof that the combination of poor education and allowed gun possession is an extremely risky combination.

Q&A: EU-China Comprehensive Agreement on Investment (CAI)

06 January 2021
Knowledge Base

On December 30, a summit meeting took place between the EU and the People’s Republic of China, with the EU represented by Charles Michel and Ursula von der Leyen and China by its communist capitalist leader Xi Jin Ping. The agreement concluded on December 30 is in fact the result of many negotiations. As far as possible with a country like China, it is better that a few things are entrusted to paper. Still, there are still some questions left and the answers to them can be found below. The agreement came about under the German Presidency of the EU, perhaps with the necessary pressure behind the scenes from the German automotive industry. Continue reading…

IOSCO seeks to help regulators address retail market conduct risks during stress events such as COVID-19

05 January 2021

The Board of the International Organisation of Securities Commissions recently published a report that seeks to assist regulators in responding to the retail market conduct issues caused by stress events such as the current COVID-19 pandemic. Enhancing investor protection and investor confidence in the integrity of securities markets are fundamental objectives for IOSCO. The report examines common retail misconduct risks that have arisen in the financial services industry during the pandemic and sets out measures to assist authorities in responding to this unprecedented and challenging environment. The report, prepared by IOSCO’s Retail Market Conduct Task Force (RMCTF), shares preliminary findings and observations of IOSCO member experiences and identifies the common drivers of firm and retail investor behaviour, which together create increased opportunities for potential misconduct in periods of stress. Continue reading…

China and EU Commitments agreed on 30 December 2020

31 December 2020
Knowledge Base

The European Union (represented by President of the European Council, Charles Michel and President of the European Commission, Ursula von der Leyen) held a leaders’ meeting with China (represented by President Xi Jinping) via video conference on 30 December 2020. The meeting provided an opportunity to follow up on the 22nd EU-China Summit (22 June) and the Leaders’ Meeting (14 September) originally foreseen in Leipzig. It is part of continued engagement of the European Union with China. EU leaders had a strategic debate on China at the October European Council which was prepared by in depth consultation at EU leaders’ level. In addition to this meeting, an exchange took place between the French President Emmanuel Macron, the German Chancellor Angela Merkel and President Xi as a follow up of their meeting inParis in March 2019.The meeting focused in particular on progress achieved on negotiations on investment. Following intensive negotiations carried out by the European Commission on the EU’s side, the EU and China concluded in principle the negotiations for a Comprehensive Agreement on Investment(CAI). This delivers on the commitment made at the EU-China summit in April 2019 where the two sides agreed to aim for conclusion of negotiations by the end of 2020.
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FCA fines TFS-ICAP £3.44 million for market misconduct

30 December 2020

The Financial Conduct Authority (FCA) has fined TFS-ICAP Ltd, an FX options broker, £3.44m for communicating misleading information to clients. Between 2008 and 2015, brokers at TFS-ICAP carried out the practice of “printing” trades. This involved brokers communicating to their clients that a trade had occurred at a particular price and/or quantity when no such trade had actually taken place. TFS-ICAP brokers, across multiple broking desks, did this openly and over a prolonged period. Printing trades sought to encourage clients to trade when they might not have done, in order to generate business for TFS-ICAP. As such, TFS-ICAP did not observe proper standards of market conduct. Continue reading…

EU-UK Trade and Cooperation Agreement

27 December 2020
Knowledge Base

After intensive negotiations, the European Commission has reached an agreement with the United Kingdom on the terms of its future cooperation with the European Union. President of the European Commission, Ursula von der Leyen said: “It was worth fighting for this deal because we now have a fair and balanced agreement with the UK, which will protect our European interests, ensure fair competition, and provide much needed predictability for our fishing communities. Finally, we can leave Brexit behind us and look to the future. Europe is now moving on.” The European Commission’s Chief Negotiator, Michel Barnier, said: “We have now come to the end of a very intensive four-year period, particularly over the past nine months, during which we negotiated the UK’s orderly withdrawal from the EU and a brand new partnership, which we have finally agreed today. The protection of our interests has been front and centre throughout these negotiations and I am pleased that we have managed to do so. It is now for the European Parliament and the Council to have their say on this agreement.”

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Photo: Woordvoerder Financiën, Europa en de EU, de toekomst van de euro

From Hollanditis to Polanditis: The ‘benefits affair’ as a canary in the coal mine

23 December 2020
Knowledge Base

by Caroline Raat

Readers who watched the massive peace demonstrations in the 1980s in the Netherlands on TV may remember the term Hollanditis, the American term to describe the resistance against nuclear arms that spread like a virus. In those days, the Netherlands boasted on a liberal, righteous and exemplary image. The reminiscence is still heard in loud Dutch comments on Eastern European ways of dealing with the Rule of Law. The question is if these comments are also applicable on the Dutch Rule of Law, that seems to crumble rapidly. This blog is a translation of an article on the dissemination of a report of the parliamentary commission on December 17 2020, titled “Unprecedented Injustice”. In the ‘benefits affair’, innocent people were wrongfully accused of fraud and financially and mentally ruined. Up till this day, they have not been compensated. It concluded that people’s constitutional principles were harmed, not only by parliament in its legislative and controlling capacity, but also by government, the executing tax office and the judiciary system. Continue reading…

Anti-Corruption: First review of the EU’s implementation of United Nations Convention against corruption

22 December 2020
Knowledge Base

A few days ago, the Commission began setting out its approach to undertake a review of the EU’s implementation of the United Nations Convention against Corruption (UNCAC). As a party to the Convention, the EU must evaluate how its rules and practices comply with the anti-corruption principles, objectives and requirements under the Convention to identify any deficiencies that require legislative, institutional and practical reforms. The Commission informs all EU institutions of its intention to launch the review process ahead of the UN General Assembly Special Session against Corruption 2021; it sets out a framework to facilitate the review to allow swift progress in fulfilling all necessary legal obligations, in full respect of the principle of sincere cooperation and administrative autonomy of the institutions; and invites the EU institutions to participate and cooperate at all stages of the process.

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