Europe

    image

    PEPs & Sanctions

    US, UK Target Major Russian Sanctions Evasion Network

    By Editors | 05/12/2024

    OFAC sanctioned five individuals and five entities associated with the network. The NCA said 84 arrests have been made and $25mn has been seized.

    image

    Market Data & Technology

    CME Group Launches Beta Term €STR Reference Rates

    By Editors | 05/12/2024

    The beta reference rates are based on a waterfall methodology that builds on €STR futures and OTC swap market data.

    image

    Supervision & Enforcement

    UK FCA Finalises Updates to Financial Crime Guide

    By Editors | 04/12/2024

    The financial crime guide is updated to provide additional guidance on sanctions, proliferation financing, transaction monitoring and cryptoassets.

    image

    Anti-Bribery & Corruption

    Swiss Court Commences Trial Against Trafigura Over Angola Bribes

    By Nithya Subramanian | 03/12/2024

    This is the first time Switzerland’s Federal Criminal Court will have to rule on a company’s liability for alleged bribery of a foreign official.

    image

    DeFi & Web3

    Permissionless Blockchains Can Enhance Traditional Financial Services

    By Editors | 03/12/2024

    European Commission report says public permissionless blockchains represent a promising alternative to permissioned platforms.

    image

    Anti-Money Laundering

    Lombard Odier, Ex-Banker Indicted in Swiss Money Laundering Case

    By Nithya Subramanian | 03/12/2024

    Swiss prosecutors alleged that Lombard Odier and one of its former RMs concealed dirty funds and engaged in “aggravated money laundering”.

    image

    Cybersecurity

    UK Launches AI Security Research Lab to Defend Against Cyber Threats

    By Thisanka Siripala | 02/12/2024

    The Lab will seek collaboration with the Five Eyes members to defend against the use of AI for malicious purposes, including attempts by Russia and North Korea.

    image

    KYC & CDD

    Wise Tightens AML Compliance Following Regulatory Review in Europe

    By Thisanka Siripala | 30/11/2024

    The National Bank of Belgiumreportedly found in 2022 that Wise lacked proof of address for hundreds of thousands of customers.

    image

    Anti-Money Laundering

    FCA Unveils New 5-year Strategy to Boost Trust in UK Market

    By Editors | 29/11/2024

    FCA chief operating officer Emily Shepperd said tackling financial crime is one of four pillars of the new strategy.

    image

    Reporting & Disclosures

    EU to Simplify ESG Rules Amid Criticism of Over-Regulation

    By Nithya Subramanian | 29/11/2024

    The European Commission plans to reduce compliance burdens on businesses by streamlining existing ESG frameworks.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.