Europe

Crypto / Digital Assets

Russia Considers Framework for Regulating Cryptocurrencies

By Sanday Chongo Kabange | 24/02/2022

The draft proposes requirements for VASPs relating to corporate governance, tax reporting, data storage, internal controls, risk management, client identification/KYC and segregation of assets.

AML / KYC

US, EU, UK, Japan Announce Sanctions Against Russia

By Manesh Samtani | 22/02/2022

Sanctions are being imposed against Russian state-owned banks, officials, oligarchs, and new debt issued by the central bank, sovereign wealth fund or government.

AML / KYC

Suisse Secrets: Data Leak Reveals Criminals Clients at Swiss Bank

By Manesh Samtani | 21/02/2022

The data unearthed evidence that Credit Suisse accounts were used by clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.

Enforcement

UK HMRC Seizes Three NFTs in Fraud Investigation

By Editors | 20/02/2022

Three people were arrested on suspicion of attempting to defraud HMRC using 250 fake companies. This is the first time a UK agency has seized NFTs.

Market Infrastructure

The EU Puts London in the Last Chance Saloon: or Does It?

By Tony Freeman | 10/02/2022

Tony Freeman explains why European banks are unlikely to move away from clearing trades through London absent a regulatory mandate.

AML / KYC

EU Due Diligence Proposal Expected Before end-February

By ESG Investor | 10/02/2022

Investors and companies are urging the European Commission to adopt supply chain scrutiny rules “without further delay”.

Fintech / Regtech

UK Issues Tax Guidance for DeFi Lending & Staking

By Editors | 07/02/2022

CryptoUK says the approach would create an “unnecessary burden” for crypto investors and create tax compliance confusion.

Market Infrastructure

ESMA Launches New Register for Simple Securitisations

By Editors | 07/02/2022

The new register provides originators and sponsors an enhanced notification system and assists investors in performing due diligence.

Capital / Liquidity

EU Regulators Consider Stricter Rules for Foreign Banks

By Editors | 06/02/2022

EU regulators are reportedly considering rule revisions that could force more foreign banks to operate as subsidiaries rather than branches.