Europe

PEPs & Sanctions

ING, Goldman Advance Efforts to Sell Russian Subsidiaries

By Editors | 01/02/2025

ING expects to complete the sale of its operations in Russia in Q3. The sale of Goldman’s Russia unit received presidential approval.

Trading & Investment

UK FCA Proposes to Ease Rules on Corporate Bond Issuance

By Thisanka Siripala | 01/02/2025

FCA to simplify disclosure requirements for bonds with smaller denominations and introduce regulations for public offer platforms.

Conduct, Culture & Accountability

UK FCA Won’t Ban Bankers from Using WhatsApp

By Nithya Subramanian | 30/01/2025

FCA Chief Executive Nikhil Rathi said the regulator will work with firms on a case-by-case basis rather than implement a blanket ban

PEPs & Sanctions

EU Imposes Cyber Sanctions Against Three Russian Actors

By Editors | 29/01/2025

The individuals listed were responsible for the theft of thousands of confidential documents from Estonia in 2020

PEPs & Sanctions

UK, Canada Impose Sanctions on Belarus Over “Sham” Election

By Editors | 28/01/2025

The UK and Canada sanctioned those responsible for “human rights violations” and companies that support Russia’s war in Ukraine.

Anti-Money Laundering

UK FCA Calls on Brokers to Enhance AML Systems and Controls

By Mark Johnston | 27/01/2025

The FCA offers recommendations to improve risk assessments, KYC/CDD, governance, and transaction monitoring, among other areas.

Clearing & Post-Trade

Switzerland to Transition to T+1 Settlement Cycle in October 2027

By Mark Johnston | 26/01/2025

Switzerland has confirmed plans to transition to a shorter settlement cycle in October 2027, aligning with the EU and UK’s ambitions.

PEPs & Sanctions

Russian Court Orders Raiffeisen to Pay €2b in Damages

By Editors | 26/01/2025

Russian lawmakers also working on legislation that will enable outright confiscation of assets belonging to any individual or company from an “unfriendly” country

Fraud, Scams & Cybercrime

UK FCA Calls on Firms to Improve Use of National Fraud Database

By Mark Johnston | 25/01/2025

FCA review found that some firms underutilise the NFD and don’t always report cases that meet the standard of proof required.