Europe

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    Capital / Liquidity

    UK Publishes 2nd Policy Statement on Basel III Implementation

    By Manesh Samtani | 13/09/2024

    The new rules will come into force on 1 January 2026, which is six months later than was stated in the December proposal.

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    Sanctions

    US Says China Providing Direct Support to Russian Military

    By Editors | 12/09/2024

    US Deputy Secretary of State Kurt Campbell said China is supplying items that are directly helping Russia’s military effort in Ukraine.

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    AML / KYC

    UK FCA to Update Guidance on Addressing Suspicious Payments

    By Manesh Samtani | 12/09/2024

    The updated guidance aims to support a new policy that will enable PSPs to delay payments when fraud or dishonesty is suspected.

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    Crypto / Digital Assets

    UK FCA Charges Man for Operating Illegal Crypto ATM Network

    By Nithya Subramanian | 12/09/2024

    The London resident is the first individual to be criminally prosecuted for unregistered crypto activity in the UK.

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    Sanctions

    US, UK Sanction Iran Over Missile Delivery to Russia

    By Editors | 11/09/2024

    The UK, France and Germany will also cancel air services arrangements with Iran, restricting Iran Air’s ability to fly into the UK and Europe.

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    ESG / Sustainability

    UK FCA Offers Fund Managers Flexibility on SDR

    By ESG Investor | 10/09/2024

    The FCA found fund managers are taking longer than expected to make changes to comply with the Sustainable Disclosure Requirements.

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    AML / KYC

    France Releases Telegram CEO on €5m Bail and Conditions

    By Manesh Samtani | 10/09/2024

    Telegram modified its content moderation policies, allowing users to flag content in private and group chats that they believe is illegal, among other changes.

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    Sanctions

    Moldovan Banks Stop Accepting Money Transfers from Russia

    By Editors | 10/09/2024

    The four remaining Moldovan banks that were still accepting transfers via Russia’s Zolotaya Korona system have stopped doing so.

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    Sanctions

    Russia Blocks Sale on Stake in Raiffeisen’s Local Bank – Report

    By Editors | 10/09/2024

    Raiffeisen Bank International will attempt to reverse the decision, which represents the biggest freeze involving a Western bank in Russia.

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    Sanctions

    Iran Facing New Sanctions Over Missile Shipments to Russia

    By Editors | 09/09/2024

    US officials have confirmed the delivery of hundreds of short-range ballistic missiles to Russia. The US and EU intend to respond with sanctions.

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