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Europe
Crypto / Digital Assets
UK Publishes Response to Digital Pound Consultation
By Editors | 28/01/2024
No final decision has been made to pursue a digital pound, but work will continue to explore its feasibility and potential design choices.
Sanctions
US, UK Announce Sanctions on Four Houthi Officials
By Editors | 26/01/2024
Four officials were sanctions for attacks on ships that “threaten to disrupt international supply chains and the freedom of navigation”.
AML / KYC
UK to Implement First Phase of Economic Crime Act
By Mark Johnston | 26/01/2024
UK outlines first set of measures under Economic Crime and Corporate Transparency Act to enhance transparency and accountability of companies.
Capital / Liquidity
ECB Asks Banks to Monitor Social Media for Liquidity Risks
By Mark Johnston | 26/01/2024
The ECB has asked some banks to set up teams to monitor social media platforms for negative sentiment that could trigger a bank run.
Fintech / Regtech
UK Government Seeks Feedback on Cyber Governance Code
By Mark Johnston | 25/01/2024
The government said that cyber threats should be prioritised as a key business risk, alongside financial and legal challenges.
Sanctions
US Senate Committee Approves REPO for Ukrainians Act
By Manesh Samtani | 25/01/2024
If the legislation gets signed into law, it would pave the way for the US to confiscate Russian assets. However, the EU is unlikely to do the same.
Sanctions
US, UK Join Australia in Sanctioning Russian Cyber Attacker
By Mark Johnston | 24/01/2024
The US and UK took action “in solidarity with Australia” because of the similar risk Aleksandr Ermakov presents to both countries.
Sanctions
US, UK, Australia Announce New Round of Hamas Sanctions
By Editors | 23/01/2024
OFAC said the sanctions target Hamas, its financiers, and its international financial infrastructure, including crypto transfers.
Sanctions
EU Discusses 13th Sanctions Package for Russia – Report
By Editors | 22/01/2024
The package could include further listings, more trade restrictions. and cracking down on Russia’s ability to circumvent sanctions via third countries.
Sanctions
US Sanctions Prompt Turkish Banks to Reject Russian Payments
By Editors | 22/01/2024
Turkish banks are now refusing to accept payments from Russian banks for exports, due to the threat of US sanctions.
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