European Commission

The European Commission is the executive branch of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.

Source: ec.europa.eu

Google Faces Antitrust Fine From EU Over AdSense
Google Faces Antitrust Fine From EU Over AdSense
March 15, 2019  |  Regulation

Google and its parent company Alphabet could be facing an antitrust fine from the European Union in the coming weeks over its AdSense advertising product....

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European Commission To Create New AML Blacklist
European Commission To Create New AML Blacklist
March 10, 2019  |  AML

The European Commission vowed to compile a new list of countries that present a money laundering risk by summer as it steps up its fight...

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UK Retailers Press For Commercial Card Interchange Fee Caps
UK Retailers Press For Commercial Card Interchange Fee Caps
February 27, 2019  |  B2B Payments

The European Union’s (EU’s) battle against U.S. card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3...

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EU Mulls Ways To Speed Up Adoption Of TIPS
EU Mulls Ways To Speed Up Adoption Of TIPS
February 26, 2019  |  Faster Payments

The European Commission is looking at ways to get banks to use its TARGET Instant Payment Settlement (TIPS) system, which is designed to enable people...

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Mastercard Fined $648M Over X-Border EU Interchange Fees
Mastercard Fined $648M Over X-Border EU Interchange Fees
January 22, 2019  |  Regulation

Mastercard was slapped with a $648.3 million fine by the European Union, which alleged that the payments company raised the costs of card payments artificially....

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UK Gov’t Taps Banking Heavyweights To Fight Money Laundering
UK Gov’t Taps Banking Heavyweights To Fight Money Laundering
January 14, 2019  |  Security & Fraud

Aiming to fight more financial crime, the U.K. government has recruited senior executives from Barclays, Lloyds Banking and Banco Santander. According to a report in...

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Will Google And The Digital Economy Be Tied To EU’s ‘Right To Be Forgotten’?
Will Google And The Digital Economy Be Tied To EU’s ‘Right To Be Forgotten’?
January 11, 2019  |  Google

Excuse the hyperbole, but Google (and other search engines) dodged a bullet this week when it came to privacy regulations that come out of the...

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Auditors Say EU Failed To Stop Misuse Of Funds
Auditors Say EU Failed To Stop Misuse Of Funds
January 10, 2019  |  Security & Fraud

Auditors of the European Union said Thursday (Jan. 10) that the EU is failing to stop the misuse of funds to the tune of hundreds...

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EU Wants Tougher AML Enforcement
EU Wants Tougher AML Enforcement
December 28, 2018  |  International

The vice president of the European Commission in charge of the euro, Valdis Dombrovskis, said Brussels wants more stringent enforcement of anti-money laundering (AML) rules...

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