Europe

AML / KYC

UK Launches Global Initiative to Enhance Corporate Transparency

By Mark Johnston | 18/04/2024

The UK government has announced a global call to action for increased transparency in company ownership.

ESG / Sustainability

Bursa Malaysia Gains UK Boost for Sustainable Investments

By Nithya Subramanian | 17/04/2024

Bursa Malaysia will collaborate with the UK’s MOBILIST programme to enable greater investment in energy transition.

Fintech / Regtech

ISDA Extends Digital Regulatory Reporting Initiative

By Editors | 17/04/2024

The initiative is being extended to cover new derivatives reporting rules in the UK, Australia and Singapore.

Enforcement

No Criminal Misconduct Found in EY’s Wirecard Audits

By Editors | 17/04/2024

EY could have faced unlimited liability for claims of damages from Wirecard’s administrator and former shareholders if criminal misconduct was found.

AML / KYC

GLEIF Announces First European-based vLEI Issuer

By Editors | 17/04/2024

The vLEI is the cryptographically secure digital counterpart of a conventional LEI that can be used to automate business process.

ESG / Sustainability

ESG Requirements Could Hinder EU Banks’ Competitiveness – Report

By Nithya Subramanian | 16/04/2024

The EBF’s Denisa Avermaete said ESG buffers are problematic because they are an “exclusively European tool”.

Sanctions

G7 Considers Sanctions Response to Iran Attack on Israel

By Editors | 15/04/2024

The sanctions may involve designating Iran’s IRGC as a terrorist organisation, and specific sanctions against drone and missile programmes.

Sanctions

US and EU Announce New Sanctions Targeting Hamas

By Editors | 15/04/2024

The US targeted leaders of Hamas cyber and drone operations. The EU targeted three entities linked to human rights abuses.

Sanctions

EU Council Approves Law Criminalising Sanctions Violations

By Editors | 14/04/2024

It will be a criminal offence in all member states to help someone bypass a travel ban  or trade in sanctioned goods.