Europe

Sanctions

UK Inaugurates New Iran Sanctions Regime with Joint UK-US Action

By Editors | 16/12/2023

US and UK governments announce joint sanctions against eight individuals as UK’s new Iran sanctions regulations come into force.

AML / KYC

EU Lawmakers Reach Agreement on AMLA Establishment

By Editors | 14/12/2023

Co-rapporteur Eva Maria Poptcheva said the new Anti-Money Laundering Authority will be a “game changer to crack down on dirty money in the EU”.

Sanctions

US and UK Announce New Round of Sanctions on Hamas Leadership

By Editors | 14/12/2023

The coordinated US and UK asset freezes and travel bans target Hamas leaders and financiers throughout the Middle East.

Capital / Liquidity

UK Releases Policy Statement on Basel III Implementation

By Editors | 13/12/2023

The statement covers the standards for market risk, CVA risk, counterparty credit risk, and operational risk. A second release in Q2 2024 will cover the remaining elements.

Enforcement

UK to Launch New Unit to Investigate Trade Sanctions Violations

By Editors | 12/12/2023

The Office of Trade Sanctions Implementation is expected to begin its civil enforcement activities sometime in early 2024, the UK government says.

Sanctions

EU Expands Sanctions on Myanmar Junta and Supporters

By Editors | 12/12/2023

EU imposes asset freezes on four individuals and two companies in latest action against Myanmar’s military-led government.

Fintech / Regtech

European Lawmakers Reach Agreement on AI Regulation

By Editors | 11/12/2023

AI systems that pose minimal risk will not have to meet any specific obligations. High risk systems will have strict requirements. Systems that pose unacceptable risk will be banned.

Sanctions

US, UK, Canada Announce Coordinated Human Rights Sanctions

By Editors | 11/12/2023

The US targeted individuals across nine countries; the UK sanctions included targets involved in forced ‘scam farm’ labour in Cambodia, Laos and Myanmar.

Sanctions

US and UK Sanction Russians Tied to Election Hacking

By Editors | 08/12/2023

The individuals are accused of targeting UK politicians and think tanks, among others, in a long-running spear-phishing campaign on behalf of Russia’s  Federal Security Service.