Europe

AML / KYC

Authorities Charge Russian Leader of Cybercrime Group LockBit

By Manesh Samtani | 08/05/2024

US prosecutors unsealed 26 charges against Dmitry Khoroshev, who is now also sanctioned by the US, UK and Australia.

AML / KYC

BNP Paribas Becomes Latest LEI Validation Agent

By Editors | 08/05/2024

BNP Paribas is the first G-SIB headquartered in the EU to join GLEIF’s Validation Agent programme.

Sanctions

EU Commission Proposes 14th Russia Sanctions Package

By Editors | 07/05/2024

The package targets transshipments of Russian LNG, “shadow fleet” vessels, the SPFS interbank messaging service, and non-EU companies that help Russia.

AML / KYC

UPDATED: MONEYVAL Publishes Six AML/CFT Progress Reports

By Editors | 07/05/2024

Cyprus, Lithuania and Poland were each upgraded on one recommendation.  Croatia was upgraded on seven recommendations.

Sanctions

Russia Expected to Retaliate Against Asset Confiscation

By Manesh Samtani | 06/05/2024

Confiscation of Russia’s frozen foreign reserves could result in foreign-owned private assets being seized.

AML / KYC

EBA’s New AML Database Set to Start Receiving Personal Data

By Editors | 05/05/2024

EuReCA was launched by the EBA in January 2022, but has so far not yet been able to collect personal data from EU supervisors.

Sanctions

UK Treasury Publishes Additional Guidance on Sanctions

By Editors | 05/05/2024

The FAQs cover specific sanctions regimes and countries, licensing, and the Russia oil services ban, among other areas.

Sanctions

UK Issues Further Sanctions Over Settler Violence in West Bank

By Editors | 05/05/2024

The UK sanctioned two groups and four individuals for violence against Palestinians in the West Bank.

Securities / Derivatives

UK Consults on Guidance for New Derivatives Reporting Rules

By Editors | 04/05/2024

The consultation seeks feedback on new Q&As and corresponding changes to the UK EMIR validation rules, which take effect from 30 September.