Europe

AML / KYC

US Official Details Sanctions Evasion Red Flags During European Visit

By Editors | 25/04/2023

Treasury official Brian Nelson met with European officials and FIs last week and shared details about emerging sanctions evasion typologies.

ESG / Sustainability

ECB Urges Banks to Improve Climate Risk Disclosures

By Sanday Chongo Kabange | 25/04/2023

The ECB is concerned that banks are not prepared for new climate and environmental risk disclosure standards that take effect mid-year.

Sanctions

UK, US, EU Announce Fresh Sanctions Against Iran

By Editors | 24/04/2023

US sanctions four senior Iranian law enforcement and military officials; EU sanctions eight Iranians and telco provider; UK sanctions four IRGC commanders.

Crypto / Digital Assets

FIX Protocol Adopts Digital Token Identifier ISO Standard

By Editors | 24/04/2023

Adding the DTI to FIX will allow the industry to incorporate the trading and settlement of digital assets into their current trading and settlement operations.

ING Files Suit Against ICBC Over Losses on Copper Deals

By Editors | 24/04/2023

ICBC allegedly released export documents for copper deals without collecting payment, resulting in $170m in losses to ING, which was financing those deals.

ESG / Sustainability

Asian Asset Managers Lag Europe on ESG, says WWF-Singapore

By Mark Johnston | 23/04/2023

Only 38 percent of Asian asset managers reporting on responsible investing actions, compared with 100 percent of European asset managers.

Capital / Liquidity

Credit Suisse AT1 Bondholders File Suit Against FINMA

By Editors | 22/04/2023

Investors representing over $5bn of Credit Suisse AT1 bonds are seeking redress for the losses they suffered during the takeover by UBS.

Sanctions

UK Sanctions Russians Over ‘Politically-motivated Conviction’

By Editors | 21/04/2023

The sanctions target two FSB agents who were allegedly involved in poisoning political activist Vladimir Kara-Murza, as well as a judge and two investigators.

Capital / Liquidity

ECB Calling on US Banks to Relocate More Assets to EU

By Mark Johnston | 21/04/2023

The ECB has urged US banks to move more assets and risk to the euro area after a “desk mapping” review that took place last year.