Europe

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    Sanctions

    UK Announces First Sanctions Against Israeli Settlers

    By Editors | 14/02/2024

    Four individuals were designated for their involvement in violence against Palestinians in the West Bank, the first time the UK has imposed such measures.

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    Sanctions

    EU Adopts New Rules for CSDs on Handling of Frozen Russian Assets

    By Editors | 13/02/2024

    The decision paves the way for the possible use of revenue generated from frozen Russian assets to aid in Ukraine’s reconstruction.

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    AML / KYC

    GCFFC Europe Chapter Sets Financial Crime Priorities for 2024

    By Mark Johnston | 13/02/2024

    The priorities include economic security, beneficial ownership, professional money launderers and public-private partnerships.

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    AML / KYC

    Small German Bank Suspected of Helping Iran Evade Sanctions – Report

    By Editors | 13/02/2024

    BaFin has been investigating Hamburg-based Varengold Bank since last year, while APAS has been investigating its independent auditor, PwC.

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    Social Media Posts May Breach Market Abuse Rules: ESMA

    By Mark Johnston | 09/02/2024

    ESMA has warned social media users that they might be breaching the EU’s Market Abuse Regulation by posting investment recommendations online.

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    Market Infrastructure

    EU Agrees on ‘Active Account’ Requirement to Boost EU CCPs

    By Editors | 08/02/2024

    The active account requirement is aimed at reducing the EU’s heavy reliance on London for clearing euro derivatives.

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    AML / KYC

    ESMA Withdrawal of Recognition for Dubai CCP Takes Effect

    By Editors | 07/02/2024

    Dubai Commodities Clearing Corporation’s appeal of ESMA’s withdrawal decision has been dismissed.

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    ESG / Sustainability

    EU Agrees Regulatory Approach for ESG Rating Providers

    By Sanday Chongo Kabange | 07/02/2024

    ESG rating providers will need to be authorised and supervised by the ESMA and comply with transparency requirements.

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    ESG / Sustainability

    UK Environment Agency Launches Economic Crime Unit

    By Editors | 06/02/2024

    The unit will boost the Environment Agency’s efforts to tackle money laundering and carry out financial investigations in the waste sector.

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    Sanctions

    Iran Reported to Have Used UK Banks for Sanctions Evasion

    By Editors | 06/02/2024

    Iran allegedly used front companies in the UK to conceal real ownership and receive funds at accounts at two of the UK’s largest banks.

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