Europe

Anti-Money Laundering

UK Minister Resigns Over Ties to Ousted Bangladesh PM

By Nithya Subramanian | 20/01/2025

Tulip Siddiq denied any wrongdoing but said she was resigning because her position was “likely to be a distraction from the work of the government”.

Trading & Investment

UK, China Agree to Deepen Capital Markets Cooperation

By Manesh Samtani | 18/01/2025

The two sides agreed to enhance the UK-China Stock Connect and explore ETF and Wealth Connect schemes. The UK will also form a task force to support China capital market reforms.

Anti-Money Laundering

Belgian Regulator Probes ING Over for Alleged AML Violations

By Nithya Subramanian | 17/01/2025

ING Bank allegedly delayed reporting suspicious financial activities linked to former European Commissioner Didier Reynders.

Climate Risk

EBA Provides Banks with Clarity on ESG Risks

By ESG Investor | 17/01/2025

New guidelines set out requirements for European banks on the management of ESG-related risks. New consultation proposes guidelines on ESG scenario analysis.

PEPs & Sanctions

OFAC, OFSI Publish MOU on Sanctions Cooperation

By Manesh Samtani | 14/01/2025

The MOU aims to foster greater alignment in sanctions enforcement by facilitating secure and collaborative information sharing.

Structural Regulation

Claim Amount Quadruples in Lawsuit Over Credit Suisse AT1 Writedown

By Thisanka Siripala | 14/01/2025

An amended complaint filed in New York adds 39 plaintiffs including AllianceBernstein and a subsidiary of Japan’s Nomura Holdings

PEPs & Sanctions

EU Delivers First €3b Tranche of G7 Loan Funds to Ukraine

By Editors | 14/01/2025

The funds will be repaid from the proceeds of Russian assets that have been immobilised in the EU due to sanctions.

Anti-Money Laundering

Bangladesh Authorities Demand UK Minister’s Financial Records

By Nithya Subramanian | 14/01/2025

BFIU is investigating whether UK minister Tulip Siddiq was involved in siphoning funds from Bangladesh through her links to ousted Prime Minister Sheikh Hasina.

Supervision & Enforcement

US Gives Estonia $50m for its Help in Danske Bank Case

By Nithya Subramanian | 13/01/2025

Estonia will use the funds to combat financial crime, enhance asset recovery, and provide specialised training across the Baltic States and Nordic region