Europe

Crypto / Digital Assets

Swiss Crypto Hedge Fund Faces Legal Dispute Over FTX Exposure

By Mark Johnston | 27/02/2024

TGT accuses Tyr Capital of criminal mismanagement and ignoring internal risk limits in its exposure to FTX.

Market Infrastructure

EU Council Adopts New AIFMD, UCITS Rules

By Editors | 27/02/2024

The new rules enhance the integration of asset management markets in Europe, the European Council said.

Sanctions

Sanctions Against Chinese Firms are “Unlawful” – MOFCOM

By Editors | 26/02/2024

China’s Ministry of Commerce said the sanctions will have a negative impact on economic and trade relations with the EU and UK.

AML / KYC

UK FCA Probes Lloyds Banking Group Over AML Controls

By Mark Johnston | 26/02/2024

Lloyds said it is cooperating with the investigation and it is “not currently possible” to estimate the potential financial impact, if any.

Sanctions

New Sanctions Packages Announced to Mark Ukraine War Anniversary

By Editors | 25/02/2024

The US, EU, Canada, Japan and Australia announced new Russia-related sanctions, including Chinese, Indian, South Korean and Thai companies among their targets.

AML / KYC

Three FIUs Issue Guidance on Russia Sanctions Evasion

By Manesh Samtani | 23/02/2024

The FIUs of Canada, Netherlands and Germany issued a joint advisory providing indicators to aid in the detection of dual-use goods trade involving Russia.

Sanctions

EU Sanctions Russians Linked to Moldova Destabilisation Efforts

By Editors | 23/02/2024

Six individuals and one entity were sanctioned for actions aimed at destabilising, undermining or threatening Moldova’s sovereignty and independence.

AML / KYC

Frankfurt Selected to Host EU Anti-Money Laundering Authority

By Mark Johnston | 23/02/2024

Frankfurt was chosen following a competitive bidding process that involved eight other countries. The AMLA will start operations in mid-2025.

Sanctions

UK Unveils More Than 50 New Sanctions Targeting Russia

By Manesh Samtani | 23/02/2024

The sanctions targets include Russian diamond companies, weapons manufacturers, and three China-based companies.