Europe

Reporting & Disclosures

UK FCA Offers Fund Managers Flexibility on SDR

By ESG Investor | 10/09/2024

The FCA found fund managers are taking longer than expected to make changes to comply with the Sustainable Disclosure Requirements.

Anti-Money Laundering

France Releases Telegram CEO on €5m Bail and Conditions

By Manesh Samtani | 10/09/2024

Telegram modified its content moderation policies, allowing users to flag content in private and group chats that they believe is illegal, among other changes.

PEPs & Sanctions

Moldovan Banks Stop Accepting Money Transfers from Russia

By Editors | 10/09/2024

The four remaining Moldovan banks that were still accepting transfers via Russia’s Zolotaya Korona system have stopped doing so.

PEPs & Sanctions

Russia Blocks Sale on Stake in Raiffeisen’s Local Bank – Report

By Editors | 10/09/2024

Raiffeisen Bank International will attempt to reverse the decision, which represents the biggest freeze involving a Western bank in Russia.

PEPs & Sanctions

Iran Facing New Sanctions Over Missile Shipments to Russia

By Editors | 09/09/2024

US officials have confirmed the delivery of hundreds of short-range ballistic missiles to Russia. The US and EU intend to respond with sanctions.

AI Risk & Governance

US, EU, UK Sign Legally-binding International Treaty on AI

By Manesh Samtani | 08/09/2024

The international treaty aims to promote innovation while protecting human rights, democracy and the rule of law.

Supervision & Enforcement

German Court Orders Former Wirecard Execs to Pay Damages

By Editors | 06/09/2024

The court found that three executives should be held personally liable for granting €100mn in loans without due diligence or collateral.

Fraud, Scams & Cybercrime

UK Proposes to Lower Limit for APP Fraud Reimbursements

By Nithya Subramanian | 06/09/2024

The PSR has proposed to revise its December 2023 plan to reduce the reimbursement limit from GBP 415,000 to GBP 85,000.

Model Risk

UK PRA Orders HSBC to Review Data and Risk Practices – Report

By Nithya Subramanian | 05/09/2024

The regulator will reportedly require an independent expert review to evaluate four areas: model risk, risk data quality, traded risk, and credit risk.