Europe

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    AML / KYC

    FCA Gives Firms 6 Months to Address Financial Crime Concerns

    By Editors | 07/03/2024

    The regulator found controls that haven’t kept pace with business growth, firms that aren’t properly resourced, and failures to properly assess risks.

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    Crypto / Digital Assets

    Deutsche Börse Launches Institutional Crypto Trading Platform

    By Editors | 05/03/2024

    Trading on the Deutsche Börse Digital Exchange will initially take place on an RfQ basis, followed by multilateral trading.

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    Sanctions

    UK Launches Inquiry to Assess Russia Sanctions Programme

    By Editors | 05/03/2024

    The inquiry will also explore the confiscation of frozen Russian assets and whether sanctions should cover buyers of Russian oil and gas.

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    AML / KYC

    EU Parliament Adopts Framework for Digital Identity Wallet

    By Editors | 05/03/2024

    The EU wallet will be used on a voluntary basis, allowing EU citizens to identify and authenticate themselves online without using commercial providers.

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    Sanctions

    EU Commission Launches New Sanctions Tracking Tool

    By Editors | 04/03/2024

    The tracker shows that a total of 3,677 individuals and 1,018 entities are currently listed across the EU’s 35 sanctions regimes.

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    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.

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    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.

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    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.

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    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’.

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    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.

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