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Europe
Fraud, Scams & Cybercrime
FCA Calls on Industry to Take Lead in Combatting Financial Crime
By Ranamita Chakraborty | 15/02/2024
The FCA is urging regulated firms to utilise technology advancements and upgrade their systems to match the sophistication of criminals.
PEPs & Sanctions
Swiss Commodity Firms Under Probe for Russia Sanctions Breaches
By Editors | 15/02/2024
Two commodity trading firms were referred to prosecutors for allegedly using Middle East subsidiaries to circumvent Swiss sanctions against Russia.
PEPs & Sanctions
France Announces Sanctions Against “Extremist” Israeli Settlers
By Editors | 14/02/2024
The move prohibits 28 individuals from entering France, which plans to also pursue sanctions against Israeli settlers at the European level.
Climate Risk
ISDA Develops Climate Scenarios for the Trading Book
By Manesh Samtani | 14/02/2024
The climate scenarios were developed in the second half of 2023 during a pilot exercise with more than 30 banks.
PEPs & 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.
Anti-Money Laundering
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.
PEPs & 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.
PEPs & 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.
Anti-Money Laundering
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.
PEPs & Sanctions
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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