Enforcement

ASIC Launching Dedicated Criminal Investigation Team

30/07/2024

The team will help speed up insider trading investigations and increase the number of cases that are referred for prosecution.

Crypto / Digital Assets

HKMA Opens Tender for Services to Support CBDC Sandboxes

30/07/2024

Hosting and supporting services would have to support up to 25 participants in the Project Ensemble and e-HKD sandboxes.

Market Infrastructure

UK FCA Proposes Reforms to Strengthen Capital Markets

30/07/2024

The FCA also finalised rules allowing the ‘bundling’ of payments for investment research and trade execution.

AML / KYC

France Restricts Access to Beneficial Ownership Register

29/07/2024

Competent authorities, professionals subject to AML/CFT obligations, and certain other individuals and entities will still be able to access the data.

AML / KYC

UK Launches Data Sharing Project to Tackle Organised Crime

29/07/2024

Seven UK banks will share information on customers with the NCA if certain markers of potential criminal behaviour are met.

Crypto / Digital Assets

Swiss FINMA Publishes New Guidance on Stablecoins

29/07/2024

The guidance sets out new rules on deposit guarantees, which stablecoin issuers can obtain from banks instead of obtaining their own banking licences.

Enforcement

Paris Court Orders Crédit Lyonnais to Compensate Scam Victim

28/07/2024

Crédit Lyonnais, a subsidiary of Crédit Agricole, was ordered to pay compensation to a customer who was scammed with fraudulent invoices.

Securities / Derivatives

FMSB Publishes Spotlight Review on Pre-Hedging Practices

28/07/2024

The Spotlight Review offers case studies to provide practical guidance and highlight the nuanced application of pre-hedging principles across different context.

Sanctions

EU Disburses First Funds Generated from Frozen Russian Assets

27/07/2024

The €1.5bn instalment will be used to support Ukraine, in line with an EU-wide agreement on how profits generated from frozen Russian central bank assets can be used.