Europe

Sanctions

UK Sanctions Another 22 Russian Shadow Fleet Vessels

By Editors | 18/10/2024

The UK also sanctioned Russian gas company Rusgazdobycha JSC, to ratchet up pressure on the Russian gas industry.

Capital / Liquidity

FINMA Directs UBS to Make Adjustments to Recovery Plans

By Nithya Subramanian | 18/10/2024

FINMA said UBS’s resolution planning must be further developed to increase the options for action available if there is a risk of insolvency.

Sanctions

UK OFSI Fines Concierge Services Firm for Sanctions Breaches

By Editors | 30/09/2024

The firm was fined GBP 15,000 for providing property management services to a designated person subject to an asset freeze between 2022 and 2023.

Sanctions

UK Sanctions Entities, Vessels Involved in Russian LNG Sector

By Editors | 29/09/2024

The sanctions target five vessels and two ship management companies, including one based in India called Ocean Speedstar Solutions.

Market Infrastructure

Switzerland to Amend Law to Improve International Cooperation

By Nithya Subramanian | 27/09/2024

FINMA would be able to request audits of foreign companies. Overseas regulators would be able to conduct audits within Switzerland.

AML / KYC

Telegram Will Share User Data with Law Enforcement Authorities

By Nithya Subramanian | 26/09/2024

Telegram has changed its terms of service to deter criminal abuse, nearly a month after CEO Pavel Durov was arrested in France.

Enforcement

FCA Chair Cleared of Wrongdoing in Whistleblower Case

By Nithya Subramanian | 26/09/2024

An internal review found that Ashley Alder’s actions were reasonable and not intended to harm the complainants.

Enforcement

ECB Start Penalising Banks for Slow Progress on Climate Risk

By Mark Johnston | 26/09/2024

The ECB has begun issuing fines to banks that fail to meet its expectations on climate risk management.

Enforcement

Deutsche Börse, Nasdaq Under Scrutiny in EU Antitrust Probe

By Editors | 25/09/2024

Deutsche Börse and Nasdaq said they were raided and searched by EU antitrust watchdogs who suspect antitrust rule violations.