Europe

AML / KYC

UK Launches Action Plan to Combat Money Muling

By Mark Johnston | 10/03/2024

The UK government has announced a 22-point action plan to disrupt money mule activity and support exploited victims.

Crypto / Digital Assets

UK Consults on Implementation of Crypto-Asset Reporting Framework

By Editors | 10/03/2024

HM Treasury proposes to enact rules in 2026 to enable the first information exchanges under CARF to start in 2027.

Market Infrastructure

EU Agrees Measures to Boost Cyber Defence Capabilities

By Editors | 09/03/2024

The EU will introduce a pan-European cyber security alert system, a cybersecurity emergency mechanism, and certification schemes for managed security services.

Market Infrastructure

EMMI Finalises Methodology Changes for Euribor Calculation

By Manesh Samtani | 09/03/2024

The new calculation methodology will end the use of ‘expert judgement’ to determine the Euribor rate. Panel banks will start migrating around mid-May 2024.

ESG / Sustainability

UK to Start Regulating ESG Ratings Later This Year

By ESG Investor | 08/03/2024

Budget statement confirms that the UK will regulate ESG ratings, with full consultation and legislative steps due to be announced later this year.

AML / KYC

UK Companies House Probes Erroneous Filings in Corporate Register

By Editors | 08/03/2024

Companies House this week gained new powers that allow it greater powers to query information and request supporting evidence.

Sanctions

EU to Sanction 35 Individuals Over Death of Alexei Navalny

By Editors | 07/03/2024

The EU’s sanctions will target the most number of individuals over Navalny’s death compared to those of its allies Australia, Canada, the UK and US.

AML / KYC

FCA Gives Firms 6 Months to Address Financial Crime Concerns

By Editors | 07/03/2024

The regulator found controls that haven’t kept pace with business growth, firms that aren’t properly resourced, and failures to properly assess risks.

Crypto / Digital Assets

Deutsche Börse Launches Institutional Crypto Trading Platform

By Editors | 05/03/2024

Trading on the Deutsche Börse Digital Exchange will initially take place on an RfQ basis, followed by multilateral trading.