Europe

AML / KYC

UK FCA to Introduce Criminal Checks in Authorisation Process

By Editors | 12/07/2024

Controllers and beneficial owners of FIs would be subject to criminal background checks when they apply for authorisation or registration.

Enforcement

Former Trader Settles $150m Lawsuit Against Deutsche Bank

By Nithya Subramanian | 11/07/2024

Matthew Connolly accused the German bank of making him a scapegoat by lying to prosecutors.

Sanctions

Switzerland Expands Sanctions Against Russia

By Editors | 10/07/2024

The targets align with the EU’s 14th package, but measures targeting the energy, financial and goods sectors are still being examined.

AML / KYC

Five Chinese Money Launderers Arrested in Spain

By Manesh Samtani | 09/07/2024

The head of an alleged Chinese criminal network was among those arrested during the Europol-supported operation.

AML / KYC

Nordea Charged for Laundering $3.8b for Russian Clients

By Editors | 08/07/2024

Danish authorities said Nordea did not adequately investigate transactions by Russian clients and ignored other warnings.

Crypto / Digital Assets

Circle Secures First Stablecoin License under EU’s MiCA Framework

By Nithya Subramanian | 05/07/2024

Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA.

Crypto / Digital Assets

EBA Publishes Travel Rule Guidelines for Crypto Sector

By Editors | 05/07/2024

The guidelines specify the information that should accompany crypto transfers, and what CASPs should do when information is missing.

Securities / Derivatives

ESMA Publishes Trade Transparency Standards for MiCA

By Editors | 05/07/2024

ESMA report includes standards for how crypto trading platforms should publish data required for pre-and post-trade transparency.

Capital / Liquidity

UBS Completes Merger With Credit Suisse Swiss Unit

By Editors | 02/07/2024

Sabine Keller-Busse, President of UBS Switzerland said the completion of the Swiss entities’ merger marks an important milestone.