Europe

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    New Consumer Duty Regime Enters into Force in UK

    By Editors | 01/08/2023

    The FCA says firms should be open and honest, avoid harm, and support consumers in pursuing their financial goals.

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    Securities / Derivatives

    US Plans More Investment Curbs on China as France Bolsters Bilateral Ties

    By Editors | 01/08/2023

    Amid rising US-China tensions, Biden plans further tech investment curbs. Yet, France is fostering deeper economic cooperation with China.

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    Sanctions

    EU Imposes New Russian Sanctions Targeting ‘Information Manipulation’

    By Editors | 31/07/2023

    Seven Russian individuals and five entities were sanctioned for conducting a digital information manipulation campaign.

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    Sanctions

    Helsinki Commission Calls for Sanctions Against Swiss Nationals

    By Editors | 31/07/2023

    Three Swiss nationals allegedly received bribes to release frozen funds linked to Russian officials implicated in the 2009 murder of Sergei Magnitsky.

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    Fintech / Regtech

    New UK Law Promotes Blockchain to Digitise Trade Documents

    By Editors | 31/07/2023

    The New Electronic Trade Documents Act 2023 will seek to digitise trade documents, promising cost reduction and increased efficiency in international trade.

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    Capital / Liquidity

    ECB Intensifies Bank Scrutiny to Maintain Stability

    By Manesh Samtani | 31/07/2023

    ECB will stop paying interest on minimum reserves, require weekly liquidity data, and impose capital add-ons for leveraged finance exposures.

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    AML / KYC

    UK Updates Guidance to Implement Travel Rule for Cryptoasset Transfers

    By Editors | 29/07/2023

    The proposed guidance specifies the information on originators and beneficiaries that crypto exchanges and wallet providers must send, receive and verify as part of a cryptoasset transfer.

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    Big Picture

    Publicly Traded Companies Globally Fall Short in Codes of Conduct: Study

    By Ranamita Chakraborty | 27/07/2023

    LRN’s study on 200 top-traded companies in Asia, Europe and North America found that only 17 percent of them had highly effective codes of conduct.

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    AML / KYC

    UK and Australia Illicit Financing Co-ordination Dialogue

    By Editors | 27/07/2023

    High-level dialogue between UK and Australia reaffirms commitment to combat illicit financing and corruption.

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    AML / KYC

    ESMA Withdraws Recognition Decisions for UAE CCPs

    By Editors | 26/07/2023

    The recognition decisions were withdrawn due to the UAE’s including in the EU’s AML blacklist.

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