Europe

Sanctions

UK Adds Russia Sanctions, EU Prepares Next Package

By Manesh Samtani | 14/02/2023

The US will crack down on facilitators and third-country providers helping Russia evade sanctions, whether “wittingly or unwittingly”.

Market Infrastructure

CFIUS Confirms ‘Excepted Foreign State’ Status for UK, New Zealand

By Editors | 13/02/2023

UK and New Zealand investors do not have to undergo national security reviews for noncontrolling investments in the US.

Fintech / Regtech

EU Parliamentarians Back Eurozone Digital Wallet Framework

By Sanday Chongo Kabange | 12/02/2023

The EU Digital Identity Wallet, expected to go live in 2024, will make it possible to store personal credentials within a single digital ID.

Enforcement

US, UK Jointly Sanction Russian Ransomware Actors

By Editors | 12/02/2023

The first-of-its-kind joint action marks the first time suspected ransomware operators have been designated under the UK sanctions regime.

Crypto / Digital Assets

Deutsche Börse, Google Cloud Establish Partnership on Digital Assets

By Sanday Chongo Kabange | 12/02/2023

Deutsche Börse Group will leverage Google Cloud to accelerate the development of digital securities platform D7, and deliver crypto spot and derivatives products.

Market Infrastructure

ION Brings Traders Back Online Following Ransomware Attack

By Editors | 09/02/2023

Exchanges are reporting business as usual, though ION is said to be rebuilding its systems. Cybersecurity firm Crowdstrike will validate.

AML / KYC

Swiss Prosecutors Investigate Credit Suisse’s 2022 Data Leak

By Sanday Chongo Kabange | 08/02/2023

The investigation centres on suspected acts of corporate espionage, breach of trade secrets and violations of banking secrecy laws.

Crypto / Digital Assets

UK Unveils Roadmap to Potential Digital Pound Issuance

By Manesh Samtani | 08/02/2023

If issued, the digital pound would be subject to strict privacy standards. It would be intended for payments, non-interest-bearing, and subject to an initial cap on holdings.

Crypto / Digital Assets

UK FCA Directs Crypto Firms to Prepare for New Ad Rules

By Editors | 08/02/2023

Breaches of the rules can result in takedowns of websites, public warnings, and other actions, including up to two years in prison.