Europe

Enforcement

UK Court Dismisses Appeals Against Rate Rigging Convictions

By Editors | 30/03/2024

Two former bankers including Tom Hayes had their appeals rejected in the UK, despite the Hayes case being dismissed in the US in 2022.

UK, Australia Sign Auditor Recognition Agreement

By Editors | 29/03/2024

Auditors with professional qualifications in either the UK or Australia can more easily apply for recognition in the other nation.

Crypto / Digital Assets

UK Proposes Two New Use Cases for Fund Tokenisation

By Manesh Samtani | 29/03/2024

Tokenising MMF units could facilitate their use as collateral, and reduce redemption pressures on MMFs during market stress.

Sanctions

US, UK Announce New Sanctions Targeting Hamas Financing

By Editors | 29/03/2024

Two individuals and three entities were sanctioned by the US and UK for engaging in fundraising efforts to support Hamas.

Sanctions

US, UK Probing $20b in Tether Transfers to Russia’s Garantex – Report

By Editors | 28/03/2024

There is no immediate suggestion of wrongdoing by Tether Holdings, the BVI-incorporated issuer of USDT.

Crypto / Digital Assets

LSE Proposes 28 May Launch for Crypto ETN Market Segment

By Manesh Samtani | 28/03/2024

Issuers seeking to list a Bitcoin- or Ethereum-backed crypto ETN on 28 May 2024 need to submit information to the LSE by 15 April 2024.

Sanctions

Belgian Authorities Arrest Six Over Russian Diamond Imports

By Editors | 27/03/2024

The arrests, which reportedly include some Indian traders, followed the seizure of millions of euros worth of Russian diamonds last month.

Crypto / Digital Assets

ESMA Finalises First MiCA Rules, Issues New Consultation

By Manesh Samtani | 26/03/2024

The rules set out authorisation requirements for CASPs and notification requirements for regulated financial entities seeking to provide crypto services.

AML / KYC

Netherlands: Trial Against Tornado Cash Co-founder is Underway

By Editors | 26/03/2024

Alexey Pertsev is accused of participating in Tornado Cash’s money laundering activities. A verdict is expected six weeks after the trial concludes this week.