Europe

Sanctions

EU Proposes to Apply Trade Curbs to Some Chinese Firms

By Editors | 14/02/2024

The current draft sanctions package includes three mainland companies which EU firms would not be allowed to trade with.

ESG / Sustainability

LME Facing Lawsuit Over “Dirty Metals” Sourced from Indonesia

By Editors | 14/02/2024

The case could force the LME to revisit its rules for listing metals for trading, the London Mining Network and Global Legal Action Network said.

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.

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.

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.

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.

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.

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.

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.