Europe

Sanctions

G7 Ban on Indirect Imports of Russian Diamonds Takes Effect

By Editors | 03/03/2024

The World Federation of Diamond Bourses says the ban on Russia-produced diamonds will also harm non-Russian manufacturers and traders.

Sanctions

Switzerland Adopts EU’s 13th Russia Sanctions Package

By Editors | 01/03/2024

The package adds a further 106 individuals and 88 entities and organisations to Switzerland’s sanctions list.

Sanctions

UK Issues Updated Sanctions Guidance for Maritime Sector

By Editors | 29/02/2024

The guidance is intended for firms operating within UK territories or dealing with UK-affiliated entities.

Crypto / Digital Assets

Rabobank Executes €2b in Commercial Paper Transactions on Blockchain

By Sanday Chongo Kabange | 29/02/2024

Rabobank has completed a series of pilots to execute commercial paper transactions on a blockchain platform called ‘Ubermorgen’.

Enforcement

UK FCA Commits to Being More Transparent About Investigations

By Editors | 28/02/2024

The FCA pledges to be more proactive about announcing investigations and naming the firms involved, to improve deterrence.

Sanctions

US, UK Issue New Iran Sanctions Over Red Sea Attacks

By Editors | 28/02/2024

The US actions include sanctions on two Hong Kong companies that own vessels which ship Iranian commodities.

Fintech / Regtech

EU Council Adopts New Rules Mandating Instant Payments

By Manesh Samtani | 27/02/2024

Banks and other payment service providers will be required to offer instant payments to consumers and businesses.

Crypto / Digital Assets

EU Adopts Four Delegated Regulations Under MiCA

By Mark Johnston | 27/02/2024

The regulations cover penalties, criteria for significant, EBA supervisory fees, and product intervention powers.

Crypto / Digital Assets

Swiss Crypto Hedge Fund Faces Legal Dispute Over FTX Exposure

By Mark Johnston | 27/02/2024

TGT accuses Tyr Capital of criminal mismanagement and ignoring internal risk limits in its exposure to FTX.