Europe

Enforcement

UK HMRC Seizes Three NFTs in Fraud Investigation

By Editors | 20/02/2022

Three people were arrested on suspicion of attempting to defraud HMRC using 250 fake companies. This is the first time a UK agency has seized NFTs.

Market Infrastructure

The EU Puts London in the Last Chance Saloon: or Does It?

By Tony Freeman | 10/02/2022

Tony Freeman explains why European banks are unlikely to move away from clearing trades through London absent a regulatory mandate.

AML / KYC

EU Due Diligence Proposal Expected Before end-February

By ESG Investor | 10/02/2022

Investors and companies are urging the European Commission to adopt supply chain scrutiny rules “without further delay”.

Fintech / Regtech

UK Issues Tax Guidance for DeFi Lending & Staking

By Editors | 07/02/2022

CryptoUK says the approach would create an “unnecessary burden” for crypto investors and create tax compliance confusion.

Market Infrastructure

ESMA Launches New Register for Simple Securitisations

By Editors | 07/02/2022

The new register provides originators and sponsors an enhanced notification system and assists investors in performing due diligence.

Capital / Liquidity

EU Regulators Consider Stricter Rules for Foreign Banks

By Editors | 06/02/2022

EU regulators are reportedly considering rule revisions that could force more foreign banks to operate as subsidiaries rather than branches.

AML / KYC

EBA Launches EuReCA, a Central Database for AML/CFT

By Editors | 01/02/2022

EuReCA will act as an early warning tool which will help competent authorities to act before ML/TF risks crystallise, the EBA said.

Fintech / Regtech

Evolving AI Risks and Regulations in Singapore and the EU

By Peiying Chua | 31/01/2022

Peiying Chua explains how financial institutions can ensure their implementation of AI does not run afoul of lawmakers and regulators.

AML / KYC

Europol Outlines Different Ways Criminals Use Cryptocurrency

By Sanday Chongo Kabange | 29/01/2022

A new Europol report highlights that the illicit use of crypto includes “all types of crime that require transfers of monetary value”.