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Capital / Liquidity
UK Proposes Extensive Overhaul of Financial Services Regulations
By Manesh Samtani | 12/12/2022
The reforms include overhauls of the ring-fencing and senior managers regimes, a new green finance strategy, and an investment management exemption for cryptoassets.
Enforcement
FCA Fines Interdealer Brokers Over Inadequate Trade Surveillance
By Editors | 12/12/2022
Between July 2016 and January 2018, BGC Brokers, GFI Brokers and GFI Securities had deficient surveillance processes and insufficient asset class coverage.
Enforcement
US Sanctions Nasdaq Listed Company, Other ‘Corrupt’ Actors
By Manesh Samtani | 12/12/2022
The sanctions were connected to illegal fishing. The US, UK and Australia also sanctioned dozens of others in recognition of International Anti-Corruption Day and Human Rights Day.
AML / KYC
EU Council Agrees Position on AML/CFT Reform Package
By Manesh Samtani | 11/12/2022
The package includes AML/CFT rules for the crypto sector and a ban on cash payments over EUR 10,000, among other measures.
ESG / Sustainability
ESMA Labelling Rules to Complicate Green Fund Market
By ESG Investor | 11/12/2022
Plans to introduce minimum investment thresholds risk creating two types of Article 8 products, says Julia Vergauwen at Linklaters.
Enforcement
FCA to Ban Ex-Mizuho Traders for Manipulating Italian Bond Futures
By Editors | 11/12/2022
The FCA said the three traders repeated a pattern of “deliberate and intentional market manipulation on a number of occasions and were dishonest.”
Market Infrastructure
EU Commission Proposes New Rules on Clearing, Listing
By Editors | 11/12/2022
EU market participants will have to hold “active accounts” at EU CCPs for clearing certain systemic derivatives. Dual class shares will be introduced.
AML / KYC
Luxembourg Restores Partial Access to Beneficial Owners Register
By Editors | 10/12/2022
Access is being reinstated for journalists and certain professionals that require beneficial ownership information for AML/CFT.
ESG / Sustainability
BOT, UK Government Agree to Cooperate on Sustainable Finance
By Editors | 08/12/2022
The UK and BOT will work together to improve financial inclusion, as well as promote sustainable finance and sustainability-related disclosures in the Thai financial sector.
Crypto / Digital Assets
Europol Issues Recommendations on Crypto-related Money Laundering
By Sanday Chongo Kabange | 08/12/2022
Europol recommends close cooperation between enforcement bodies and crypto providers to curb associated crime and money laundering.
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