Europe

Crypto / Digital Assets

UK FCA Fines Coinbase Unit for ‘Repeated’ Regulatory Breaches

By Editors | 26/07/2024

The Coinbase payments subsidiary provided payment services to more than 13,000 “high-risk” customers, despite being subject to restrictions imposed by the FCA.

AML / KYC

US, UK, South Korea Warn of DPRK Espionage Campaign

By Editors | 26/07/2024

Joint advisory says North Korean hacker group ‘Andariel’ is a threat to entities in the US, UK, South Korea, Japan and India.

Sanctions

UniCredit Drops Part of Appeal Against ECB’s Russia Exit Orders

By Editors | 25/07/2024

UniCredit said it has received “sufficient clarity” from the ECB on certain parts of its application to the GCEU.

Sanctions

ECB to Develop Framework for Geopolitical Risk Assessments

By Editors | 25/07/2024

The ECB is working to develop a framework that it can use to deal with the impacts of geopolitical risks such as sanctions on EU banks.

Fintech / Regtech

US, European Competition Regulators Sign AI Agreement

By Nithya Subramanian | 24/07/2024

Given the rapid growth of AI, authorities will work to ensure effective competition as well as fair and honest treatment of consumers and businesses.

Sanctions

UK Publishes Briefing on Third Countries Helping Russia

By Manesh Samtani | 22/07/2024

The briefing names Belarus, Iran, North Korea and China as the main countries providing military support to Russia.

Sanctions

UK Imposes Sanctions on 11 Russian ‘Shadow Fleet’ Vessels

By Editors | 21/07/2024

The measures are part of a joint “Call to Action” with European countries to disrupt the ‘shadow fleet’ of vessels Russia uses to circumvent oil sanctions.

Market Infrastructure

FMSB Drafts Standard for Sharing Standard Settlement Instructions

By Editors | 20/07/2024

The draft standard aims to increase the adoption of electronic solutions for sharing SSIs and address errors and inefficiencies in current processes.

Crypto / Digital Assets

ANNA, DTIF to Streamline Digital Asset Regulatory Reporting

By Editors | 19/07/2024

ANNA and DTIF will work to integrate DTIs and ISINs in KYAX’s reporting tool to simplify compliance with reporting requirements under MiCA and EMIR Refit.