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The so-called “EU Supply Chain Act” (Directive (EU) 2024/1760, hereinafter: ‘Directive’ or “CSDDD”), which relates to the due diligence obligations of companies with regard to sustainability, came into force on July 25, 2024 (see the article on the Directive by Sven Tjarks and Stephan Fischer published on August 29, 2024). The directive is also known...

The EU regulation on deforestation-free supply chains (Regulation (EU) 2023/1115, or EUDR for short) presents companies with new challenges by requiring that commodities such as rubber, palm oil, soy, wood and cocoa are traced along the whole supply chain. While many industries are already working intensively on implementing the new requirements, the healthcare sector is...

Many businesses are legally required to help prevent money laundering. This obligation is often referred to as “Know Your Customer” (KYC). If a company suspects that a business partner is involved in money laundering, they usually cannot remain inactive. Courts have reinforced this duty in recent rulings. The: Submission of a money laundering suspicion report...

Preventing money laundering and terrorist financing has become a constant concern for lawmakers. In Germany alone, the Money Laundering Act has been revised sixteen times since 2020. The EU is also taking action, introducing significant new regulations in recent months. These rules no longer just apply to banks and financial institutions – now, professional soccer...

On June 29, 2023, the EU Regulation on deforestation-free supply chains (Regulation (EU) 2023/1115 on deforestation-free products, or EUDR) came into effect with little public attention. Initially set to apply to many companies following an 18-month transition period on December 30, 2024, the European Commission has since proposed a 12-month delay, pending expected approval from...

On July 25, 2024, the so-called “EU Supply Chain Act” (Directive (EU) 2024/1760; hereinafter: “Directive”), which relates to the due diligence obligations of companies with regard to sustainability, entered into force. The EU member states have two years – i.e. until July 26, 2026 – to transpose the Directive into national law. Companies to which...