Europe

Fraud, Scams & Cybercrime

Cum-Ex Scandal Widens like a Regulatory Inquisition 

By Peter Guy | 10/05/2022

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

PEPs & Sanctions

US, UK Include Professional Services in New Russia Sanctions

By Manesh Samtani | 09/05/2022

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

PEPs & Sanctions

UK Gov Removes Key Sanctions List Format Without Notice

By Manesh Samtani | 08/05/2022

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.

Payments & Settlements

Technology and Regulations Clash: Apple Vs EU Antitrust Law

By Peter Guy | 05/05/2022

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

PEPs & Sanctions

European Commission Proposes Complete Ban on Russian Oil

By Editors | 05/05/2022

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

PEPs & Sanctions

EU Set to Propose Sixth Sanctions Package Against Russia

By Manesh Samtani | 04/05/2022

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

Reporting & Disclosures

UK Regulator Accuses HSBC of Greenwashing Through Advertising

By Editors | 04/05/2022

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

Payments & Settlements

US, Europe to Pilot Real-time Cross-border Payments This Year

By Editors | 03/05/2022

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

Reporting & Disclosures

EFRAG Consults on European Sustainability Reporting Standards

By ESG Investor | 03/05/2022

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