TITLE

News from Europe

PUB. DATE
July 2004
SOURCE
Management Services;Jul2004, Vol. 48 Issue 7, p18
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This section presents business updates from Europe as of July 2004. In a new consultation exercise, the European Commission is seeking views from workers' and employers' organizations on how European Works Councils can best respond to the challenges of a changing economic and social environment. The consultation team has the effect of the European Union (EU) enlargement included in its brief but this exercise covers all aspects and observations. In other news, there may still just be time to get involved in an on-line public consultation under way into the proposals to change EU accounting legislation. It is particularly about the responsibilities of members of company boards for financial statements and key non-financial information. The consultation will also cover transparency in transactions between companies that belong to the same group. Meanwhile, continuing law breaking theme is the formal adoption of a measure to strengthen the fight against organized financial crime. The proposal is most concerned with making it more difficult for criminals to spend their proceeds without detection. Two areas are in for possible future legislation--enhancing the ability of law enforcement services to identify, freeze and confiscate criminal proceeds, and allowing them to use more financial investigative techniques to trace money trails both through the banking system and inside company financial departments.
ACCESSION #
13854468

 

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