Europe

Sanctions

UK’s OFSI Warns Art and High Value Dealers of Sanctions Risks

By Nithya Subramanian | 20/06/2025

OFSI says it is “highly likely” that many high-value assets held in the UK by sanctioned persons have not yet been reported by art market participants and high-value dealers.

Market Infrastructure

PBOC Signs MOU to Establish Yuan Clearing System in Turkey

By Editors | 19/06/2025

The MOU allows the PBOC to authorise designated commercial lenders to carry out yuan clearing services in Turkey, serving local financial institutions, businesses, and individual customers.

Sanctions

Australia, UK, EU and Canada Tighten Sanctions on Russia

By Manesh Samtani | 18/06/2025

The allies are targeting Russia’s energy revenues and sanctions evasion, while the US resists further action.

ESG / Sustainability

Tensions Flare Over US Climate Stance at FSB Meeting – Report

By Manesh Samtani | 18/06/2025

Disagreement over the urgency of climate-related financial risks sparked heated debate among global regulators in Madrid.

AML / KYC

FATF Approves New Transparency Standards for Cross-Border Payments

By Manesh Samtani | 16/06/2025

The plenary also endorsed updated financial inclusion guidance to address the issue of ‘de-risking’ and agreed to publish several other reports.

Enforcement

UK Freezes Properties Tied to Former Bangladeshi Minister

By Nithya Subramanian | 16/06/2025

The UK has frozen more than 300 properties linked to Bangladesh’s former land minister, including a high-end residence in North London.

Big Picture

UK Regulators Told to Learn from Singapore’s Pro-Business Model

By Thisanka Siripala | 16/06/2025

A House of Lords committee said Singapore’s faster approvals and pro-business culture should guide UK reforms to enhance competitiveness and growth.

Sanctions

EU Proposes Sanctions on Two Chinese Banks over Russia Trade Links

By Editors | 14/06/2025

The EU has proposed sanctions on two small regional Chinese banks as part of the 18th package of sanctions against Russia.

AML / KYC

EU Commission Updates List of High-Risk Jurisdictions

By Manesh Samtani | 12/06/2025

Laos and Nepal were added, while the Philippines and the UAE were removed. The updated list takes into account the FATF’s work and its grey list.