Europe

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.

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.

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.

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.

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.

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.

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.

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.

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.