Europe

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    Market Infrastructure

    UK Confirms 11 October 2027 Target Date for Adoption of T+1

    By Nithya Subramanian | 02/02/2025

    Andrew Douglas, Chairman of the UK Accelerated Settlement Taskforce, said the UK, EU and Switzerland are now aiming for the same implementation date

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    AML / KYC

    UK Sentence Operators of Website that Enabled Account Takeover Fraud

    By Thisanka Siripala | 02/02/2025

    The operators provided tools including a “spoof call bot”, a ‘free text to speech’ service, and pre-scripted calls specifically designed to target customers.

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    Sanctions

    ING, Goldman Advance Efforts to Sell Russian Subsidiaries

    By Editors | 01/02/2025

    ING expects to complete the sale of its operations in Russia in Q3. The sale of Goldman’s Russia unit received presidential approval.

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    Securities / Derivatives

    UK FCA Proposes to Ease Rules on Corporate Bond Issuance

    By Thisanka Siripala | 01/02/2025

    FCA to simplify disclosure requirements for bonds with smaller denominations and introduce regulations for public offer platforms.

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    UK FCA Won’t Ban Bankers from Using WhatsApp

    By Nithya Subramanian | 30/01/2025

    FCA Chief Executive Nikhil Rathi said the regulator will work with firms on a case-by-case basis rather than implement a blanket ban

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    Sanctions

    EU Imposes Cyber Sanctions Against Three Russian Actors

    By Editors | 29/01/2025

    The individuals listed were responsible for the theft of thousands of confidential documents from Estonia in 2020

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    Sanctions

    UK, Canada Impose Sanctions on Belarus Over “Sham” Election

    By Editors | 28/01/2025

    The UK and Canada sanctioned those responsible for “human rights violations” and companies that support Russia’s war in Ukraine.

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    AML / KYC

    UK FCA Calls on Brokers to Enhance AML Systems and Controls

    By Mark Johnston | 27/01/2025

    The FCA offers recommendations to improve risk assessments, KYC/CDD, governance, and transaction monitoring, among other areas.

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    Market Infrastructure

    Switzerland to Transition to T+1 Settlement Cycle in October 2027

    By Mark Johnston | 26/01/2025

    Switzerland has confirmed plans to transition to a shorter settlement cycle in October 2027, aligning with the EU and UK’s ambitions.

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    Sanctions

    Russian Court Orders Raiffeisen to Pay €2b in Damages

    By Editors | 26/01/2025

    Russian lawmakers also working on legislation that will enable outright confiscation of assets belonging to any individual or company from an “unfriendly” country

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