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Danish households are the richest in the European Union, according to a data analysis by the country's central bank.

The average household in Denmark had 1.88 million Danish krone ($300,000) in financial assets as of the fourth quarter of 2020.

The data, released Wednesday, was extracted from the European Central Bank's disclosure of financial accounts for the EU's 27 member states.

The figures showed that Danes typically also had higher debts, at 560,000 Danish krone, only beaten by Luxembourg, where people typically had 660,000 Danish krone in liabilities.

However, Danmarks Nationalbank pointed out that the majority of Danes' liabilities were in bank and mortgage debt "with real estate collateral (approximately 86 per cent)."

"Thus, the Danes' debt is largely offset by the value of housing wealth, which is not included in financial wealth," the central bank explained.

Overall Danes had net financial wealth of 1.32 million Danish krone, nearly three times the EU average of 450,000 Danish krone.

Denmark's central bank also stressed that while this wealth was the average, there was a significant difference between individuals.

For instance, the central bank said that Danes with the largest incomes tended to have the more assets and liabilities, while people who were older tended have bigger pensions.

The central bank's analysis showed Danes' wealth had grown even more in the first quarter of this year, to an average of 24,000 Danish krone per person.

Households in the Netherlands had the second-highest amount in financial assets, at 1.58 million Danish krone, followed by Luxembourg (1.59 million Danish krone) and Sweden (1.51 Danish krone).

Meanwhile, households in Romania were found to be the poorest in the EU, with just 80,000 Danish krone in financial assets.

See the original post:
These are the richest and poorest countries in the EU - CNBC

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In this video recap, Kilpatrick Townsend Partner Scott Marah discusses key elements of reporting systems and the importance of culture & language.

--- On March 3, 2021, Kilpatrick Townsend partnered with the Association of Corporate Counsel's Georgia Chapter on "Doing Business in the European Union: Exploring Cross-Border Legal Issues | Anti-Corruption, Ethics, and Compliance." This panel specifically covered recent corporate criminal enforcement in the EU as well as U.S. enforcement of EU-based companies; how privacy laws and governance frameworks affect internal investigations and other compliance efforts, and ways to overcome those obstacles; and what elements or aspects of due diligence frameworks and systems have worked.

Featured panelists for the session include:

- Elizabeth Ames, Compliance Counsel, CRH Americas, Inc.

- Julia Arbery, Partner, StoneTurn

- Scott Marrah, Partner, Kilpatrick Townsend

- Adria Perez, Partner, Kilpatrick Townsend

Original post:
Doing Business in the European Union | Reporting Systems and the Importance of Culture & Language - Lexology

In May 2020, the European Commission (EC) identified Mauritius as a high-risk third country with deficiencies in its Anti Money-Laundering and Counter Financing Terrorism (AML/CFT) regime. Such classification by the EC has been made in light of the Financial Action Task Force (FATF) classifying Mauritius in February 2020 under its "grey list" (i.e. jurisdiction with strategic deficiencies). The inclusion of Mauritius on the EU AML List of High-Risk Third Countries (the List) became applicable on 1 October 2020.

Pursuant to its second Plenary for 2021 held from 21 to 25 June 2021, the FATF has made the initial determination that Mauritius has substantially completed its action plan and warrants an on-site assessment (at the earliest possible opportunity, taking into consideration the current COVID-19 situation) to verify that the implementation of Mauritius' AML/CFT reforms has begun and is being sustained, and that the necessary political commitment remains in place to sustain implementation in the future.

It was further noted that Mauritius has made the following key reforms, including:

In the event of a positive on-site assessment, Mauritius will be removed from the FATF grey list (potentially in October 2021), which in turn would lead to its removal from the List by the EU. Such removal from the List would be a justified outcome following progress made by Mauritius from a legal, compliance and regulatory perspective for the purposes of addressing issues relating to the level of effectiveness of its AML/CFT system in place.

Mauritius ranks 1st amongst the African countries, 13th globally in the World Bank's Ease of Doing Business 2020 report and remains politically stable and a place of domicile of choice for structuring cross-border investment into Africa and Asia.

Read more here:
Mauritius on track for removal from European Union's list of high-risk third countries after FATF Plenary - JD Supra

The 1st Management Meeting of the European Union-Council of Europe Joint Project on Promoting Alternative Dispute Resolution (ADR) in Turkey was held online on 29 June 2021 with the participation of the representatives of the Directorate General for Legal Affairs (DGLA), the Directorate General for Criminal Affairs (DGCA), Directorate General for Foreign Relations and EU Affairs of the Ministry of Justice (MoJ), Council of Europe (CoE), Delegation of the European Union to Turkey (EUD), Central Finance and Contracts Unit (CFCU).

The overall objective of the meeting was to share with the Project partners an overview of the implemented activities during the inception phase of the project including the revision of the Logical Framework Matrix, updating the Communication and Visibility Plan, developing the Gender Mainstreaming Strategy, and organising the Launching Conference. Moreover, the Project team presented the next steps to be taken for the upcoming activities on conducting a needs analysis and a comparative overview of best practices in member states in the field of conciliation and mediation.

Agenda of the meeting (EN/TR)

The Joint Project on Promoting Alternative Dispute Resolution (ADR) in Turkey is co-funded by the European Union and the Council of Europe and implemented by the Council of Europe. The Ministry of Justice of the Republic of Turkey Directorate General for Criminals Affairs and Directorate General for Legal Affairs are the end beneficiaries of the Project. The Central Finance and Contracts Unit is the contracting authority.

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The European Union Council of Europe Joint Project on Promoting Alternative Dispute Resolution in Turkey held its 1st Management Meeting - News -...

Apply for an export health certificate online

If youre in England, Scotland or Wales, you must apply for an export health certificate (EHC) using the online service to export dogs, cats and ferrets to the EU or to move them to Northern Ireland.

If youre in Northern Ireland, you do not need an EHC to export to the EU. Contact DAERA on 02877 442 060 to find out what you need to do.

New legislation was introduced for Third Country exports to the EU from 21 April 2021. Some new EHCs do not need to be introduced until 21 August 2021, at which time they will replace existing EU EHCs. Anyone exporting to the EU from 21 August 2021 will need to apply for this EHC in advance of the export.

This EHC is not currently live in the EHC Online service. A specimen certificate and notes for guidance will be published on this page to enable traders to prepare for exports prior to 21 August 2021.

Applying online means you can:

Stay up to date with any changes to EHCs by signing up for email alerts.

Find out about getting an EHC.

Find out about exporting live animals and animal products from 1 January 2021.

In England, Scotland and Wales, call APHA on 03000 200 301.

In Northern Ireland, call DAERA on 02877 442 060.

Find out about call charges.

Visit link:
Dogs, cats and ferrets for commercial purposes to the European Union and Northern Ireland: certificate 8454 - GOV.UK