Europe

Some smaller cryptocurrencies are being established specifically with the motive of laundering, while larger virtual assets are seeing "heavy" manipulation.

A common tax arbitrage trading strategy is now being prosecuted as outright tax avoidance, catching global banks and traders in a broad net.

New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations

The XML version of the FCDO sanctions list was removed last week. XML is the key format used by large organisations to automate sanctions compliance.

European Commission has not shown cause for anti-trust allegations as consumers strongly support Apple payment technology, writes Peter Guy.

Three more Russian banks will be removed from SWIFT, three broadcasters will be blocked, and more military officers and individuals will be sanctioned.

The new measures include a possible phased-in embargo on buying Russian oil and EU sanctions against Sberbank, with Germany's backing.

The UK's advertising watchdog says HSBC misled customers by selectively promoting its green initiatives without mentioning its continued financing of fossil fuel businesses.

The IXB pilot service will initially support instant payments in the USD-EUR corridor, with a full-service offering expected in 2023.

The double materiality-based standards are designed to underpin the EU's Corporate Sustainability Reporting Directive.