Europe

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.

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.

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.

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.

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.

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.

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.

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The recognition decisions were withdrawn due to the UAE’s including in the EU’s AML blacklist.

Capital / Liquidity

ECB Consults on Risk Data Aggregation and Reporting Guide

By Editors | 26/07/2023

ECB seeks feedback on effective risk data aggregation and reporting practices to strengthen banks’ risk management capabilities.