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AML / KYC
EU Set to Propose Sixth Sanctions Package Against Russia
By Manesh Samtani | 04/05/2022
The new measures include a possible phased-in embargo on buying Russian oil and EU sanctions against Sberbank, with Germany’s backing.
Enforcement
UK Regulator Accuses HSBC of Greenwashing Through Advertising
By Editors | 04/05/2022
The UK’s advertising watchdog says HSBC misled customers by selectively promoting its green initiatives without mentioning its continued financing of fossil fuel businesses.
Market Infrastructure
US, Europe to Pilot Real-time Cross-border Payments This Year
By Editors | 03/05/2022
The IXB pilot service will initially support instant payments in the USD-EUR corridor, with a full-service offering expected in 2023.
ESG / Sustainability
EFRAG Consults on European Sustainability Reporting Standards
By ESG Investor | 03/05/2022
The double materiality-based standards are designed to underpin the EU’s Corporate Sustainability Reporting Directive.
AML / KYC
German Authorities Raid Deutsche Bank in Money Laundering Probe
By Editors | 02/05/2022
The raids are reportedly connected to late SARs filings involving a transaction linked to the family of Syrian leader Bashar al-Assad.
ESG / Sustainability
Asset Managers Report EU Taxonomy Teething Problems
By ESG Investor | 30/04/2022
A new PRI report outlines recommendations to ensure clarity and ease the reporting process.
Capital / Liquidity
BOE’s Woods Proposes Simplified Bank Capital Framework
By Manesh Samtani | 28/04/2022
The hypothetical framework would replace the current set of buffers with a “single, releasable buffer of common equity”, sitting on top of a low minimum requirement.
ESG / Sustainability
New UK Taskforce to Set Standards for Climate Transition Plans
By Editors | 27/04/2022
The taskforce will develop policy recommendations, sector-specific transition planning templates and guidance, and measures to tackle greenwashing.
Securities / Derivatives
LME to Cease Trading in Gold, Silver Futures in July
By Editors | 27/04/2022
The LME said the decision was made following discussions with market participants and “in light of the low levels of trading activity”.
AML / KYC
FCA Directs Challenger Banks to Bolster FCC Controls
By Editors | 26/04/2022
The FCA said it found weaknesses relating to customer due diligence, risk assessment, management of transaction monitoring alerts, and SAR quality.
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