Europe

Anti-Money Laundering

Spanish Police Chief Arrested Over Links to Criminal Gangs

By Nithya Subramanian | 13/11/2024

Óscar Sánchez Gil was until recently the head of the fraud and AML division of Spain’s national police force in Madrid.

Fraud, Scams & Cybercrime

UK Issues Guidance on ‘Failure to Prevent Fraud’ Offence

By Thisanka Siripala | 11/11/2024

The guidance aims to help organisations implement a fraud prevention framework ahead of the ‘failure to prevent fraud’ offence coming into force on 1 September 2025.

Custody & Infrastructure

UBS Pilots Digital Cash for Cross-Border Payments

By Nithya Subramanian | 11/11/2024

UBS Digital Cash is aimed at boosting efficiency, transparency, and liquidity management for corporate and institutional clients.

Capital Adequacy

ECB May Impose Capital Charge on Banks With Excess Russia Exposure

By Editors | 11/11/2024

The ECB is considering adjusting capital requirements for Raiffeisen Bank International and UniCredit to account for Russia-related risks.

Trading & Investment

Chinese Exchanges, Deutsche Börse Sign MoUs on Depositary Receipts

By Manesh Samtani | 10/11/2024

The MOUs will facilitate the implementation of depositary receipts linkages between Shanghai/Shenzhen and Germany.

PEPs & Sanctions

UK Announces 56 Targets in New Russia Sanctions Package

By Editors | 09/11/2024

The targets in the UK’s largest sanctions package in 18 months include entities in China, Hong Kong, Türkiye, Central Asia, and Estonia.

Cybersecurity

UK Orders Chinese Firm to Sell Stake in Semiconductor Business

By Editors | 07/11/2024

The order aims to mitigate the risk of “UK-developed semiconductor technology and associated intellectual property being deployed in ways that are contrary to UK national security”.

Market Data & Technology

UK FCA Introduces New Transparency Rules for Bonds, Derivatives

By Thisanka Siripala | 07/11/2024

FCA also consulting on proposals to allow asset managers for pooled investment funds greater flexibility in how they pay for investment research.

Tokenisation

FCA, MAS to Explore Regulatory Considerations for Tokenisation

By Manesh Samtani | 07/11/2024

The FCA and ICMA welcomed reports released by MAS this week offering tokenisation frameworks for funds and fixed income securities.