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EDUCATES

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EDUCATES
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TRANSATLANTIC NEWS

Chapter News, News, Trade & TTIP Related

European Council | VAT fraud: Council agrees to strengthen cooperation with EU investigative bodies

The Council today provisionally agreed new rules to strengthen the fight against value added tax (VAT) fraud in the EU by ramping up cooperation between member states, the European public prosecutor’s office (EPPO) and the European anti-fraud office (OLAF). The new framework will give EPPO and OLAF more direct access to key VAT data on cross-border business transactions in the EU, including information held by Eurofisc - the EU’s anti-VAT fraud network. " We have taken massive strides in tackling VAT fraud over recent years....
Chapter News, News

World Bank | Commodity Prices Rose in April—Pink Sheet

The energy price index rose 12.1% in April, driven largely by crude oil (+8.7%). The non-energy price index increased 3.2%. Agricultural prices gained 1.5% in April, led by food prices (+1.5%); raw materials rose 2.5%, while beverage prices edged up 0.4%. Fertilizer prices surged 14% Metals edged up 1.4% in April, led by aluminum (+6.7%), zinc (+5.7%), and nickel (+5.2%). Precious metals fell 2.7%, weighed down by a decline in gold (-2.8%). The Pink Sheet is the World Bank’s monthly report on commodity...
Chapter News, News

European Parliament | Digital Markets Act: MEPs Want Stronger Enforcement Amid External Pushback

The Digital Markets Act (DMA) is a key instrument to improve market openness and fairness, competition, and user choice in the EU New challenges posed by generative AI and cloud services need to be addressed External pressure must not compromise the EU’s sovereignty and autonomy to define its rules Effective and proportionate fines essential to ensure deterrence and safeguarding DMA’s effectiveness MEPs are pushing for the Commission’s timely and effective enforcement of the EU’s Digital Markets Act and closer...
Chapter News, News, Trade & TTIP Related

European Commission | EU-Mercosur Interim Trade Agreement Starts to Provisionally Apply

On 1 May, the EU-Mercosur Interim Trade Agreement (ITA) will start being provisionally applied. This will allow EU producers, exporters, and farmers to start reaping the benefits of this deal as of day one.  The provisional application of the ITA will create new opportunities, supporting the exports of industrial goods, services, and agri-food products to Argentina, Brazil, Paraguay and Uruguay. It will immediately remove or drastically reduce tariffs on key exports such as cars, pharmaceuticals, and foresee a first tariff...
Chapter News, News, Trade & TTIP Related

IMF | Global Disruptions Are Testing How the World Moves Goods and People

Blog | Shipping and flight disruptions highlight new fault lines in the global economy and their costs for growth and livelihoods. The war in the Middle East has severely disrupted maritime and air traffic, damaging infrastructure and interrupting transport corridors that are critical for global energy and goods. Even in the best case, there will be no neat and clean return to the way things were. The Chart of the Week illustrates one reason for concern. In the Red Sea, attacks on shipping that began...
Chapter News, News, Trade & TTIP Related

OECD | Critical Raw Materials Face Rising Export Restrictions, Increasing Risks to Global Supply Chains

Several key minerals that are essential inputs for digital and renewable energy technologies face high exposure to export restrictions, and the number of restrictions continues to rise, a new OECD report finds. The annual update of the OECD Inventory of Export Restrictions on Critical Raw Materials tracks export restrictions and supports analysis of their impact on availability, prices and global supply chains. The OECD continues to monitor these measures over time. The latest edition, which analyses measures implemented through the end of 2024, shows...

UPCOMING EACC EVENTS

WEBINAR | Quarterly EU Economic Update: This Time Is Different - Europe Builds on its Foundations for Stability and Growth

President Trump’s decision to attack Iran has the potential to transform the Middle East – but at least in the short-term has led to sharply higher energy prices. But unlike in 2022, when Russia’s invasion of Ukraine triggered an energy crisis, this time Europe is much better prepared. The EU has greatly expanded its use of renewable energy, has diversified its suppliers of oil and natural gas, and has upgraded its domestic energy infrastructure.

    PARTNER EVENTS

    Strengthening Risk, Controls, and AI Governance for Law Firm Leadership

    Hosted by Anchin | As firms work more closely with banks, clients, and other third parties, expectations around internal controls and IT security are becoming increasingly interconnected. Security reviews today extend well beyond technical safeguards to evaluate the strength of underlying operational and financial controls. Gaps in these areas can expose firms to heightened risk, regulatory scrutiny, and operational inefficiencies.

      MEMBER NEWS

      Member News, News

      Troutman Pepper Locke | GENIUS Act AML and Sanctions Rules for Stablecoin Issuers: A Few Surprises but Broadly as Expected

      On April 10, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) jointly issued a notice of proposed rulemaking (NPRM) setting out their view of how sanctions, anti-money laundering and countering the financing of terrorism (AML/CFT) compliance requirements should apply to permitted payment stablecoin issuers (PPSIs) under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The agencies also issued an accompanying fact sheet. This NPRM follows Treasury’s earlier proposal on principles for acceptable state stablecoin regulatory...
      Member News, News, Trade & TTIP Related

      GDLSK | Grunfeld, Desiderio, Lebowitz, Silverman & Klestadt LLP Adds Senior Customs and Border Protection Attorney Valerie Sorensen-Clark as Partner

      Grunfeld, Desiderio, Lebowitz, Silverman & Klestadt LLP, a premier customs and international trade law firm, announced today that Valerie Sorensen-Clark has joined the firm as a partner in New York. Sorensen-Clark comes to GDLSK from U.S. Customs and Border Protection, where she held senior roles for nearly a decade and acted as one of the agency’s primary advocates in some of the most consequential tariff disputes in recent years. Sorensen-Clark most recently served in CBP’s Office of Chief Counsel, International Trade Litigation,...
      Member News, News, Trade & TTIP Related

      Stradley Ronon | U.S. Criminal Tariff Prosecutions in 2026: What International Businesses and Domestic Importers Need to Know

      Key Takeaways Tariff evasion is now treated as a criminal offense in the United States rather than a compliance issue. Enforcement is expanding through coordinated investigations targeting practices such as transshipment and misreporting. Both U.S. and non-U.S. businesses must strengthen customs compliance and oversight to avoid significant legal and financial risks. U.S. President Donald Trump’s use of tariffs in the global trade arena has helped push trade fraud to the top of the U.S. Department of Justice (DOJ)’s enforcement agenda....
      Member News, News

      McCann Fitzgerald | Navigating Legal Privilege when Using Generative AI

      Lawyers, both in-house and in private practice are making growing use of generative AI in the delivery of legal services.  This had led to the creation of a whole new category of documents, in the form of prompts and AI outputs.  Such documents, as with any others, may be subject to disclosure in legal proceedings, unless protected by privilege. Recent rulings on both sides of the Atlantic have highlighted the growing tensions between the use of generative AI tools and...
      Member News, News

      Tarter Krinsky & Drogin | Structuring U.S. Acquisitions for European Investors

      For European investors eyeing the U.S. market with an acquisition, the “Stock vs. Assets” debate is more than just a legal technicality; it dictates your future liability profile and tax efficiency. Whether you acquire shares of stock directly through a European legal entity (“European Entity”) or utilize a Delaware “Newco” to buy assets, your choice should align with your long-term risk tolerance and exit strategy. In our new alert, we outline two different acquisition scenarios, highlighting the benefits, opportunities, and...
      Member News, News

      A&L Goodbody | Asset Management & Investment Funds: EU & International Developments – April 2026

      European Commission adopts RTS under EU Ratings Regulation The European Commission adopted two draft Delegated Regulations supplementing the ESG Ratings Regulation. The European Securities and Markets Authority (ESMA) consulted on the draft RTS in May 2025. Draft Delegated Regulation with regard to RTS specifying the measures and safeguards to be implemented by ESG rating providers to separate their ESG rating activities from their other activities Draft Delegated Regulation with regard to RTS specifying the elements of ESG rating products to...

      Latest & Leading

      EACCNY Team returns from Meetings with EU Commission & EU Parliament in Brussels

      We had very fruitful discussions about the future of transatlantic trade, EU-US relations and various other issues that affect businesses on both sides of the Atlantic. The fact remains that Europe and the United States are each others most important trading partners.

       

       

      Member Spotlight

      ICT America (Ex ICT Lions /Lion’s Courage Corporation) is a U.S.-based accounting and advisory firm and the American arm of ICT Europa Group, an established international financial services organization with over 160 professionals serving more than 300 clients globally. Through its integrated structure, it combines U.S. market expertise with scalable international delivery. The firm provides end-to-end financial, accounting, and tax support to U.S. and international businesses, with a strong focus on companies operating across borders, including U.S.–Europe transactions and structures. Its core services include Accounting & Bookkeeping, Corporate Tax Compliance, Transfer Pricing, Payroll & Workforce Support, Outsourced CFO/Advisory, Cross-Border Structuring. ICT America operates under ISO 9001 and ISO 27001 standards and maintains substantial professional liability insurance, ensuring a high level of quality, security, and reliability for clients.

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      EACCNY in Numbers

      Other EACC Chapters

      EACCNY Presidential Circle and Platinum Members

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