Europe

Fintech / Regtech

EU Lawmakers Vote to Adopt KYC Rules for Unhosted Crypto Wallets

By Darien Choong | 04/04/2022

The European Parliament voted to adopt requirements for crypto firms to gather and verify personally identifiable information of users of unhosted crypto wallets.

Fintech / Regtech

FCA Allows Crypto Firms to Continue Under Temporary Registration

By Editors | 03/04/2022

Though the deadline has passed, six cryptoasset firms with temporary registration can still continue to operate under temporary registration.

AML / KYC

US Designates Russian Tech Firms for Enabling Sanctions Evasion

By Manesh Samtani | 03/04/2022

US sanctions 21 entities and 13 individuals. EU to propose new measures this week. Australia applies 35% export tariff.

Securities / Derivatives

SGX, UK Partner to Fund New SDG-Aligned Issuers

By Editors | 03/04/2022

SGX and MOBILIST will partner to support new issuers of securities aligned with the SDGs by deploying equity capital and other forms of assistance.

Market Infrastructure

Japan, EU Enhance Framework on Regulatory Cooperation

By Mark Johnston | 02/04/2022

The adoption of the regulatory cooperation framework follows the signing of an amended MoC by Japan’s FSA and ESMA.

Market Infrastructure

SSE, SZSE Issue Rules to Expand Stock Connect to Europe

By Editors | 29/03/2022

UK, Swiss and German listed companies can issue CDRs in China if they have a market cap of at least $3.14bn and a listing history of at least three years.

Securities / Derivatives

LME Doubles Default Fund Size Amid Metals Volatility

By Editors | 27/03/2022

The default fund size will increase to from $1.1bn to $2.075bn, adding to financial strains experienced by brokers, traders and banks.

AML / KYC

EBA Outlines AML/CFT Challenges Faced by EU Supervisors

By Ranamita Chakraborty | 27/03/2022

In a new report, the EBA outlines findings from its second round of assessment of the approaches AML/CFT supervisors are using in the banking sector.

AML / KYC

US Imposes Fresh Russia Sanctions, G7 Pledges to Block Gold Trades

By Manesh Samtani | 25/03/2022

The G7 and EU will prohibit gold-related transactions involving Russia and ramp up monitoring and information sharing to prevent Russian sanctions evasion.