Compliance

Recent Articles

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  10.03.2023

  England and Wales

  On­line op­er­at­or’s third li­cence re­view by the Gambling Com­mis­sion res­ults in £6.1m fine

  In January 2023, the UK Gambling Commission published its sanctions of InTouch Games Limited, including a fine of £6.1m, after an investigation revealed a number of social responsibility and anti-money laundering failings.InTouch’s key failings consisted of the following:AML: Breaches of paragraphs 1, 2 and 3 of licence condition 12.1.1Paragraph 1 requires licensees to conduct an assessment of the risks of their business being used for money laundering and terrorist financing. Such risk assessment must be appropriate and must be reviewed as necessary in the light of any changes of circumstances,...

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  09.03.2023

  International

  CMS Ex­pert Guide to ESG Com­pens­a­tion

  Incorporating ESG KPIs into directors’ remunerationThe urgent need to place sustainability at the heart of company strategy is inextricably linked to incentives provided to its directors and employees. This Expert Guide aims to provide practical insights into key market practices and trends aimed at incorporating sustainability and/or Environmental, Social and Governance (“ESG”) KPIs into directors’ remuneration.The regulations and recommendations on ESG-related remuneration vary considerably from sector to sector and from country to country. The trend is, however,...

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  06.03.2023

  Poland

  Gre­en­wash­ing - new guidelines and first pro­ceed­ings

  PL

  Promoting products or services using slogans related to their positive environmental impact is becoming an increasingly prominent marketing technique in the public space. International initiatives such as the adoption of the Sustainable Development Goals and climate neutrality policies are among the reasons for the growing popularity of so-called 'green claims'. More and more consumers also expect businesses to pay attention to their company's environmental impact and are taking these claims into account when making purchasing decisions.New marketing strategies can carry the risk of so-called 'greenwashing',...

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  01.03.2023

  International

  New EU sanc­tions against Rus­sia

  On 25 February 2023, one year after Russia started its invasion of Ukraine, the EU adopted its tenth sanctions package against Russia. Together with the existing sanctions the European Commission considers the entirety of the measures imposed on Russia  (see also our Handling EU sanctions website) to be the toughest sanctions ever introduced by the EU.The tenth sanctions package has the following four main elements:widens export bans;widens import restrictions;lists additional individuals and entities; andtakes a tougher stance on circumvention.Export bansThe EU imposed new export bans....

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  28.02.2023

  United Kingdom

  North Sea Trans­ition Au­thor­ity - Reg­u­lat­ory Up­date

  It has been two years since the NSTA published its revised Strategy, which focused the oil & gas industry’s attention on its role in working towards ‘net zero’. Since that time, there have been numerous examples of guidance, reports and communications from the NSTA seeking to assist and accelerate the industry’s progress on energy transition in all aspects of activity – from exploration to decommissioning. The NSTA has also continued to advance its regulatory approach and has increasingly used its powers of sanctions. An overview of these key developments can be...

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  21.02.2023

  Europe

  UK reg­u­lat­or joins the glob­al en­force­ment trend and warns em­ploy­ers to avoid no-poach­ing agree­ments

  The overlap between employees’ rights and competition law has long been predicted by competition specialists. Cartel enforcement in labour market agreements became a fledgling activity of competition watchdogs but it is increasingly picking up.ContextAt EU level, the Competition Commissioner highlighted at the end of 20211 that no-poaching agreements are “an indicated way to keep wages down, restricting talent from moving where it serves the economy best”.Competition authorities across Europe have also started targeting no-poaching agreements between competitors. The Portuguese...

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