Europe

Sanctions

UK Warns of Sanctions Evasion Through Art Storage Sector

By Editors | 29/01/2024

Art market participants should have the ability to conduct regular due diligence checks and identify any change in a client’s circumstances or suspicious activity.

Crypto / Digital Assets

UK Publishes Response to Digital Pound Consultation

By Editors | 28/01/2024

No final decision has been made to pursue a digital pound, but work will continue to explore its feasibility and potential design choices.

Sanctions

US, UK Announce Sanctions on Four Houthi Officials

By Editors | 26/01/2024

Four officials were sanctions for attacks on ships that “threaten to disrupt international supply chains and the freedom of navigation”.

AML / KYC

UK to Implement First Phase of Economic Crime Act

By Mark Johnston | 26/01/2024

UK outlines first set of measures under Economic Crime and Corporate Transparency Act to enhance transparency and accountability of companies.

Capital / Liquidity

ECB Asks Banks to Monitor Social Media for Liquidity Risks

By Mark Johnston | 26/01/2024

The ECB has asked some banks to set up teams to monitor social media platforms for negative sentiment that could trigger a bank run.

Fintech / Regtech

UK Government Seeks Feedback on Cyber Governance Code

By Mark Johnston | 25/01/2024

The government said that cyber threats should be prioritised as a key business risk, alongside financial and legal challenges.

Sanctions

US Senate Committee Approves REPO for Ukrainians Act

By Manesh Samtani | 25/01/2024

If the legislation gets signed into law, it would pave the way for the US to confiscate Russian assets. However, the EU is unlikely to do the same.

Sanctions

US, UK Join Australia in Sanctioning Russian Cyber Attacker

By Mark Johnston | 24/01/2024

The US and UK took action “in solidarity with Australia” because of the similar risk Aleksandr Ermakov presents to both countries.

Sanctions

US, UK, Australia Announce New Round of Hamas Sanctions

By Editors | 23/01/2024

OFAC said the sanctions target Hamas, its financiers, and its international financial infrastructure, including crypto transfers.