Europe

AML / KYC

The EU’s MiCA Races to Create a Regulatory Superhighway

By Ari Redbord | 11/05/2022

Ari Redbord outlines what crypto-asset service providers need to understand as discussions continue on an EU-wide regulatory framework for crypto.

AML / KYC

MONEYVAL Calls for Clampdown on Crypto-enabled Money Laundering

By Mark Johnston | 11/05/2022

Some smaller cryptocurrencies are being established specifically with the motive of laundering, while larger virtual assets are seeing “heavy” manipulation.

Enforcement

Cum-Ex Scandal Widens like a Regulatory Inquisition 

By Peter Guy | 10/05/2022

A common tax arbitrage trading strategy is now being prosecuted as outright tax avoidance, catching global banks and traders in a broad net.

AML / KYC

US, UK Include Professional Services in New Russia Sanctions

By Manesh Samtani | 09/05/2022

New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations

AML / KYC

UK Gov Removes Key Sanctions List Format Without Notice

By Manesh Samtani | 08/05/2022

The XML version of the FCDO sanctions list was removed last week. XML is the key format used by large organisations to automate sanctions compliance.

Enforcement

Technology and Regulations Clash: Apple Vs EU Antitrust Law

By Peter Guy | 05/05/2022

European Commission has not shown cause for anti-trust allegations as consumers strongly support Apple payment technology, writes Peter Guy.

AML / KYC

European Commission Proposes Complete Ban on Russian Oil

By Editors | 05/05/2022

Three more Russian banks will be removed from SWIFT, three broadcasters will be blocked, and more military officers and individuals will be sanctioned.

AML / KYC

EU Set to Propose Sixth Sanctions Package Against Russia

By Manesh Samtani | 04/05/2022

The new measures include a possible phased-in embargo on buying Russian oil and EU sanctions against Sberbank, with Germany’s backing.

Enforcement

UK Regulator Accuses HSBC of Greenwashing Through Advertising

By Editors | 04/05/2022

The UK’s advertising watchdog says HSBC misled customers by selectively promoting its green initiatives without mentioning its continued financing of fossil fuel businesses.