Europe

Anti-Money Laundering

UK Crime Agency Freezes Properties Linked to Ousted Bangladesh PM

By Nithya Subramanian | 27/05/2025

The two upmarket properties are owned by the son of a Bangladeshi business tycoon and held by offshore companies based in the Isle of Man.

Market Risk

EU Delays FRTB to 2027 Amid Competitiveness Fears

By Editors | 27/05/2025

A decision has been made to delay FRTB implementation to preserve the ability of EU banks to compete internationally.

Anti-Money Laundering

Luxembourg Court Fines Edmond de Rothschild in 1MDB Case

By Nithya Subramanian | 26/05/2025

Investigations revealed that 1MDB funds wound up in accounts at the bank opened by a UAE national using offshore companies.

Liquidity Risk

BOE Updates Rules for International Banks Operating in the UK

By Editors | 24/05/2025

PRA clarifies expectations for international branches, seeking to balance openness with financial stability concerns.

Fraud, Scams & Cybercrime

Fighting Scams is a Community Effort: Singapore Police

By Manesh Samtani | 23/05/2025

Aileen Yap said Singapore’s strategy to fighting scams relies on quick response and collaboration between all stakeholders.

PEPs & Sanctions

UK, EU Impose Russia Sanctions Amid Failing Ceasefire Talks

By Manesh Samtani | 21/05/2025

The targets include entities in Hong Kong, mainland China, Singapore and Vietnam. UK and EU also working to tighten the oil price cap.

Anti-Money Laundering

FINMA Fines Julius Baer Over High-Risk Client Breaches

By Nithya Subramanian | 21/05/2025

Julius Baer has been fined CHF 4m over AML failures linked to high-risk clients in India, Singapore, and other branches.

Trading & Investment

UK and China Aim to Deepen Market Ties, Unblock Stock Connect

By Manesh Samtani | 18/05/2025

A China-UK Wealth Connect scheme is proposed as a potentially “transformational” next step in strengthening financial ties.

PEPs & Sanctions

UK Targets Russian Shadow Fleet with New Sanctions Package

By Manesh Samtani | 11/05/2025

The new sanctions package targets “up to 100 oil tankers” as well as several individuals and entities, including two Hong Kong-based companies.