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AML / KYC
US Secures Extradition of Former Crypto Exchange Operator
By Editors | 09/08/2022
Alexander Vinnik is alleged to have laundered more than $4bn through a crypto exchange he operated known as BTC-e until it was shut down in 2017.
AML / KYC
Switzerland Aligns with EU in Latest Russia Sanctions
By Editors | 05/08/2022
The Swiss government is imposing a ban on buying, importing or transporting gold and gold products from Russia. Sberbank is also banned.
Crypto / Digital Assets
FCA Finalises Advertising Rules for High-risk Financial Products
By Manesh Samtani | 04/08/2022
Rules for cryptoasset promotions will be published after new legislation confirms how crypto will be brought into the FCA’s remit.
AML / KYC
ECB Analyses Options for Enhancing Cross-Border Payments
By Manesh Samtani | 04/08/2022
Bitcoin and stablecoins are “unlikely” to be the “holy grail” of cross-border payments. Interlinked domestic payment systems and interoperable CBDCs show the most promise.
AML / KYC
UK Launches UBO Register for Foreign-owned Property
By Manesh Samtani | 03/08/2022
The register requires foreign buyers of UK property to disclose their true beneficial ownership and verify their identities with Companies House.
Crypto / Digital Assets
UK Law Commission Proposes Reforms to Accommodate Crypto
By Editors | 01/08/2022
New consultation paper proposes explicit recognition of digital assets under law as a distinct category of personal property, provisionally called ‘data objects’.
Securities / Derivatives
SIX Swiss Exchange Lists First Chinese A-Shares as GDRs
By Editors | 28/07/2022
The listings mark the official launch of the China-Switzerland Stock Connect programme. More than ten other companies have disclosed plans to issue GDRs in Switzerland.
AML / KYC
UK, EU Introduce Additional Sanctions Against Russia
By Manesh Samtani | 28/07/2022
The UK announced 42 new designations. The EU extended its sanctions and added 54 more individual and 10 more entity designations.
Fintech / Regtech
UK Regulators Progress Work to Transform Data Collection
By Editors | 28/07/2022
The BOE and FCA will delivering a more “intuitive” form design across regulatory returns that will make data submission “simpler, faster, and more valuable”.
AML / KYC
UK: Most Crypto Firms Simply Withdrew Their FCA Applications
By Mark Johnston | 26/07/2022
The FCA approved 35 crypto firms out of 273 that applied for registration with the FCA under AML regulations.
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