Europe

AML / KYC

UK FCA Proposes Updates to Financial Crime Guide

By Editors | 28/04/2024

The updates cover regulatory expectations on sanctions, proliferation financing, transaction monitoring, and cryptoassets, among other areas.

Sanctions

Russia Places Two EU Companies Under Gazprom Management

By Editors | 28/04/2024

Italy’s Ariston and Germany’s BSH Hausgeraete were placed under the management of JSC Gazprom Household Systems.

Sanctions

France Proposes New Sanctions to Target Russian Disinformation

By Editors | 27/04/2024

The sanctions would target the disinformation on social media, the use of AI-generated deep fakes, the creation of fake websites, and election interference.

Sanctions

US, UK, Canada Announces More Sanctions for Iran’s Airstrike

By Editors | 26/04/2024

The US targeted 16 entities, eight individuals, five vessels and one aircraft. The UK and Canada also sanctioned targets involved in Iran’s drone and missile industries.

AML / KYC

EU Parliament Adopts AMLD6 and Related Regulations

By Mark Johnston | 25/04/2024

The legislation now awaits formal adoption by the European Council before being published in the EU’s Official Journal.

Enforcement

Global Operation Takes Down ‘LabHost’ Cybercrime Service

By Mark Johnston | 25/04/2024

LabHost offered a service since 2021 that enabled over 10,000 cybercriminals to create fake websites and conduct phishing campaigns.

Enforcement

US Hedge Fund Sues Over Credit Suisse AT1 Bond Losses

By Mark Johnston | 25/04/2024

The lawsuit accuses Credit Suisse’s CEO and former Chairman of misrepresenting the bank’s liquidity position while it was facing a deposit run.

ESG / Sustainability

UK FCA Proposes to Extend SDR Rules to Portfolio Managers

By Nithya Subramanian | 25/04/2024

The FCA is consulting on extending the SDR rules until 14 June and concurrently published anti-greenwashing guidance which takes effect on 31 May 2024.

Fintech / Regtech

UK FCA Outlines Plans for Big Tech, Artificial Intelligence

By Manesh Samtani | 24/04/2024

The FCA will work with Big Tech firms to examine the value their data can bring to retail financial markets, with a view to potentially incentivising more data sharing.