EUROPE

Market Infrastructure

UK Releases Roadmap for Transitioning to T+1 Settlement

By Nithya Subramanian | 11/02/2025

The Accelerated Settlement Task Force provides a structured timeline for the transition, identifying required actions and key milestones.

Enforcement

APAC Governments Impose Restrictions on Use of DeepSeek

By Mark Johnston | 10/02/2025

South Korea, India, Australia and Taiwan have imposed restrictions on using DeepSeek on government devices.

Crypto / Digital Assets

ESMA Issues Guidance to Align EU Approach to MiCA Authorisation

By Thisanka Siripala | 10/02/2025

National competent authorities should ensure outsourcing is not used to create “letter-box entities” or evade supervision.

Fintech / Regtech

EU Commission Releases Guidelines on Prohibited AI Practices

By Thisanka Siripala | 09/02/2025

Eight AI applications will be banned strictly prohibited due to their potential risks to European values and fundamental rights.

Enforcement

Europol Leads Global Operation to Dismantle Cybercrime Forums

By Thisanka Siripala | 09/02/2025

Authorities made two arrests, seized 12 domains, and confiscated 17 servers and over 50 electronic devices.

Enforcement

FINMA Launches Enforcement Proceedings Against Julius Baer

By Nithya Subramanian | 06/02/2025

The action is related to control failures that forced the bank to write down significant exposures to a collapsed real estate conglomerate.

AML / KYC

Turkish Money Launderer Arrested in Montenegro After Singapore Deportation

By Nithya Subramanian | 06/02/2025

Vang Shuiming was arrested in Montenegro for orchestrating illegal online betting platforms targeting Chinese citizens

Fintech / Regtech

First Set of Rules Under the EU AI Act Enter into Force

By Nithya Subramanian | 04/02/2025

The rules cover key definitions, AI literacy requirements, and a limited set of prohibited AI use cases deemed to pose unacceptable risks.

Enforcement

Swiss Court Convicts Trafigura and Senior Exec for Bribery

By Nithya Subramanian | 04/02/2025

This is the first time Switzerland’s Federal Criminal Court has ruled on a company’s liability for bribing of a foreign official.