ADVERTISEMENT
Europe
AML / KYC
Banque Pictet to Pay $123m to Settle US Tax Evasion Case
By Editors | 06/12/2023
Banque Pictet helped US taxpayers to use coded accounts, foreign trusts and entities, nominee beneficiaries and other “deceits” to conceal their income and assets abroad.
Sanctions
US Government Offers Bounty for Russian National Accused of Sanctions Busting
By Editors | 06/12/2023
US government offers USD 7 million reward for individual accused of smuggling sensitive technology to Russia and money laundering via a German trading company.
Sanctions
US Sanctions Belgium-based Network for Russian Military Procurement
By Editors | 06/12/2023
US sanctions five individuals and nine entities as DOJ unseals indictments targeting illicit Russian military procurement.
Securities / Derivatives
UK FCA Consults on Regulatory Approach for Overseas Funds
By Editors | 05/12/2023
The new regime will provide a “streamlined process” for overseas funds to market to UK retail customers if the government finds a jurisdiction equivalent.
Fintech / Regtech
Payments Into Europe Can Now Reach Beneficiaries “in Seconds”: Swift
By Editors | 03/12/2023
The EPC’s One-Leg-Out Instant Credit Transfer scheme enables payments to and from Europe to be processed 24 hours a day, seven days a week.
Market Infrastructure
RBI, BOE Agree to Cooperate on CCIL Information Exchange
By Manesh Samtani | 03/12/2023
The BOE recognises the “primacy” of the RBI in supervising India-based CCPs and agrees to rely on home country regulation and supervision.
Crypto / Digital Assets
Third Phase of CBDC Project “Helvetia” Gets Underway
By Manesh Samtani | 01/12/2023
The pilot programme allows participating banks to settle digital bonds and repo transactions against wholesale CBDC on a DvP basis.
AML / KYC
UK Secures Pledges from Global Tech Firms to Tackle Online Fraud
By Sanday Chongo Kabange | 01/12/2023
Signatories pledge to block and remove fraudulent material from their platforms and services and to work closely with law enforcement.
Securities / Derivatives
UK Court Rules That LME Nickel Trade Cancellations Were Lawful
By Editors | 30/11/2023
The court ruling supports the LME’s argument that its actions in March 2022 were necessary to prevent a potential market collapse.
AML / KYC
13 FIUs Establish Task Force to Disrupt Terrorist Financing
By Editors | 28/11/2023
The FIUs including FinCEN, UKFIU, AUSTRAC, and NZFIU established the task force last month but is publicly recognising its formation now.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.