Europe

Sanctions

UK Imposes First Sanctions Over Death of Alexei Navalny

By Editors | 22/02/2024

Sanctions were imposed against six individuals who oversaw the prison camp where Navalny was held leading up to his death.

Capital / Liquidity

EU Adopts New Rules to Enhance Market Data Access

By Mark Johnston | 22/02/2024

The amendments to MiFIR and MiFID II will enable the establishment of EU-wide consolidated tapes and ban payment for order flow.

EU Removes Four Jurisdictions from Tax Blacklist

By Mark Johnston | 22/02/2024

Hong Kong was also removed from the EU’s state-of-play document for making further improvements to its tax policies.

Crypto / Digital Assets

UK Seeking to Introduce Stablecoin, Staking Rules Within Six Months

By Mark Johnston | 21/02/2024

The UK government is “pushing very hard” to enact the new rules as soon as possible, Economic Secretary Bim Afolami said.

Sanctions

HSBC Wins Approval to Sell Russian Unit to Expobank

By Editors | 21/02/2024

HSBC announced in June 2022 that it had struck a deal to sell its Russian unit, but it has taken until now for approval from Vladimir Putin.

Crypto / Digital Assets

Cybercrime Group LockBit Has Been Dismantled

By Manesh Samtani | 21/02/2024

Law enforcement from ten countries have disrupted the criminal operation of the LockBit ransomware group.

Sanctions

EU Allows Humanitarian Exception in Terrorism Sanctions Regime

By Editors | 20/02/2024

The decision comes after the EU established a dedicated framework in January to allow it to target Hamas and PIJ facilitators with sanctions.

Sanctions

EU, US, UK to Respond to Death of Top Putin Critic With Sanctions

By Editors | 20/02/2024

Aleksei Navalny, who survived a poisoning four years ago, died in a remote Arctic prison where he was serving a three-decade sentence.

Enforcement

BaFin Warns Deutsche Bank Over Transaction Monitoring Systems

By Mark Johnston | 19/02/2024

The mandate of a special monitor appointed in 2018 is being extended until end-October to oversee efforts to enhance the bank’s systems for processing transaction data.