Europe

Securities / Derivatives

New OTC Derivatives Reporting Regime Goes Live in the EU

By Manesh Samtani | 01/05/2024

The EU EMIR Refit represents a significant step towards a more robust and transparent derivatives market, DTCC said.

AML / KYC

Message Encryption In Focus for Indian, European Authorities

By Editors | 29/04/2024

WhatsApp will leave India if it is required to break encryption. Europol expresses concern with message encryption on Messenger.

Crypto / Digital Assets

UK Law Enforcement Gets Stronger Powers to Seize Crypto

By Editors | 29/04/2024

UK law enforcement agencies will be able to seize crypto assets from a suspect without having to make an arrest first.

ESG / Sustainability

Barclays Accused of Greenwashing for Oil Company Financing

By Nithya Subramanian | 29/04/2024

Environmental groups say Barclays misled the public by labelling its €4bn in financing for Italian oil company Eni as “sustainable”.

AML / KYC

UK FCA Proposes Updates to Financial Crime Guide

By Editors | 28/04/2024

The updates cover regulatory expectations on sanctions, proliferation financing, transaction monitoring, and cryptoassets, among other areas.

Sanctions

Russia Places Two EU Companies Under Gazprom Management

By Editors | 28/04/2024

Italy’s Ariston and Germany’s BSH Hausgeraete were placed under the management of JSC Gazprom Household Systems.

Sanctions

France Proposes New Sanctions to Target Russian Disinformation

By Editors | 27/04/2024

The sanctions would target the disinformation on social media, the use of AI-generated deep fakes, the creation of fake websites, and election interference.

Sanctions

US, UK, Canada Announces More Sanctions for Iran’s Airstrike

By Editors | 26/04/2024

The US targeted 16 entities, eight individuals, five vessels and one aircraft. The UK and Canada also sanctioned targets involved in Iran’s drone and missile industries.

AML / KYC

EU Parliament Adopts AMLD6 and Related Regulations

By Mark Johnston | 25/04/2024

The legislation now awaits formal adoption by the European Council before being published in the EU’s Official Journal.