Welcome to the 23rd issue of our Newsletter ‘Beyond Compliance’
Recent developments in the global arena, point out areas in which Compliance Division has to pay particular attention. The French Antitrust Authority handed a 220mln fine to Alphabet's Google for abusing its market power in the online advertising business, while the European Commission opened an antitrust investigation against Facebook to examine potential violation of competition rules in relation to advertising practices. Environmental, social and corporate governance draws focus in the agendas of financial institutions as well as in the media and amongst legislators and regulators.
Bank of Cyprus Compliance Division wishes you and your families a Merry Christmas and a Happy, Prosperous and Blessed New Year 2022!