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Suspected Exports Of Military Manufacturing Equipment Lead To Raids And Arrest
Austrian authorities have uncovered a sophisticated international procurement network allegedly supplying CNC machines and metal processing tools to Russia's state-owned arms manufacturer ROSTEC, circumventing export controls through forged end-user certificates and a web of companies across multiple countries. The investigation has revealed exports valued at €3.3 million, with goods reportedly used in producing engines for missiles and fighter jets, leading to the arrest of a Belarussian national who
Austria International
DM
Duane Morris LLP
Article
CJEU Acknowledges PSD2 Ancillary Services Exemption In New Payment Services Ruling
The Court of Justice of the European Union has issued a landmark ruling clarifying that certain escrow and security arrangements involving fund transfers do not automatically constitute regulated payment services under PSD2. This decision provides crucial guidance for fintech platforms and businesses operating escrow models, potentially reshaping how payment service regulations are interpreted across the EU.
Austria Finance
K
Kinstellar
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