Europe

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    BSP, Deutsche Bundesbank Sign MOU on Capacity Building

    By Mark Johnston | 19/02/2024

    Philippines’ BSP and Germany’s Bundesbank signed an MOU to enhance capacity-building efforts through tailored training and advisory services.

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    AML / KYC

    NatWest to Claw Back Bonuses from Ex-Staff Over 2021 AML Fine

    By Editors | 18/02/2024

    Malus, clawback or reduction notices will be applied to ten individuals who were in role when the failures occurred but have since left NatWest.

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    Enforcement

    Former Goldman Analyst Jailed in the UK for Insider Trading

    By Editors | 18/02/2024

    Mohammed Zina used sensitive information about deals Goldman was advising on to trade shares in six companies.

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    AML / KYC

    FCA Calls on Industry to Take Lead in Combatting Financial Crime

    By Ranamita Chakraborty | 15/02/2024

    The FCA is urging regulated firms to utilise technology advancements and upgrade their systems to match the sophistication of criminals.

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    Sanctions

    Swiss Commodity Firms Under Probe for Russia Sanctions Breaches

    By Editors | 15/02/2024

    Two commodity trading firms were referred to prosecutors for allegedly using Middle East subsidiaries to circumvent Swiss sanctions against Russia.

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    Sanctions

    France Announces Sanctions Against “Extremist” Israeli Settlers

    By Editors | 14/02/2024

    The move prohibits 28 individuals from entering France, which plans to also pursue sanctions against Israeli settlers at the European level.

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    Sanctions

    EU Proposes to Apply Trade Curbs to Some Chinese Firms

    By Editors | 14/02/2024

    The current draft sanctions package includes three mainland companies which EU firms would not be allowed to trade with.

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    ESG / Sustainability

    LME Facing Lawsuit Over “Dirty Metals” Sourced from Indonesia

    By Editors | 14/02/2024

    The case could force the LME to revisit its rules for listing metals for trading, the London Mining Network and Global Legal Action Network said.

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    Sanctions

    UK Announces First Sanctions Against Israeli Settlers

    By Editors | 14/02/2024

    Four individuals were designated for their involvement in violence against Palestinians in the West Bank, the first time the UK has imposed such measures.

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    Sanctions

    EU Adopts New Rules for CSDs on Handling of Frozen Russian Assets

    By Editors | 13/02/2024

    The decision paves the way for the possible use of revenue generated from frozen Russian assets to aid in Ukraine’s reconstruction.

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