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Europe
Sanctions
UK’s OFSI Warns Art and High Value Dealers of Sanctions Risks
By Nithya Subramanian | 20/06/2025
OFSI says it is “highly likely” that many high-value assets held in the UK by sanctioned persons have not yet been reported by art market participants and high-value dealers.
Market Infrastructure
PBOC Signs MOU to Establish Yuan Clearing System in Turkey
By Editors | 19/06/2025
The MOU allows the PBOC to authorise designated commercial lenders to carry out yuan clearing services in Turkey, serving local financial institutions, businesses, and individual customers.
Sanctions
Australia, UK, EU and Canada Tighten Sanctions on Russia
By Manesh Samtani | 18/06/2025
The allies are targeting Russia’s energy revenues and sanctions evasion, while the US resists further action.
ESG / Sustainability
Tensions Flare Over US Climate Stance at FSB Meeting – Report
By Manesh Samtani | 18/06/2025
Disagreement over the urgency of climate-related financial risks sparked heated debate among global regulators in Madrid.
AML / KYC
FATF Approves New Transparency Standards for Cross-Border Payments
By Manesh Samtani | 16/06/2025
The plenary also endorsed updated financial inclusion guidance to address the issue of ‘de-risking’ and agreed to publish several other reports.
Enforcement
UK Freezes Properties Tied to Former Bangladeshi Minister
By Nithya Subramanian | 16/06/2025
The UK has frozen more than 300 properties linked to Bangladesh’s former land minister, including a high-end residence in North London.
Big Picture
UK Regulators Told to Learn from Singapore’s Pro-Business Model
By Thisanka Siripala | 16/06/2025
A House of Lords committee said Singapore’s faster approvals and pro-business culture should guide UK reforms to enhance competitiveness and growth.
Sanctions
EU Proposes Sanctions on Two Chinese Banks over Russia Trade Links
By Editors | 14/06/2025
The EU has proposed sanctions on two small regional Chinese banks as part of the 18th package of sanctions against Russia.
AML / KYC
EU Commission Updates List of High-Risk Jurisdictions
By Manesh Samtani | 12/06/2025
Laos and Nepal were added, while the Philippines and the UAE were removed. The updated list takes into account the FATF’s work and its grey list.
Market Infrastructure
ECB, PBOC Sign MoU to Update 2008 Cooperation Agreement
By Editors | 12/06/2025
The MoU includes a framework for regular exchange of information, dialogue, and technical collaboration between the ECB and PBOC.
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