Europe

AML / KYC

UK Crime Agency Reveals Progress of SARs Reform Programme

By Editors | 29/11/2020

Law enforcement will get a new single interface providing access to search, analysis and visualisation tools. SARs reporters will see the SAR Online portal upgraded.

AML / KYC

EU Set to Formalise Magnitsky-style Sanctions Regime

By Editors | 29/11/2020

New legislation provisionally agreed by member states will allow the EU to target individuals who commit gross human rights violations irrespective of nationality.

Enforcement

Prosecutors Assess Whether EY Acted Criminally During Wirecard Audits

By Editors | 29/11/2020

Germany’s audit supervisor has reportedly told prosecutors that EY may have violated its legal due diligence and reporting obligations during its Wirecard audits.

ESG / Sustainability

Luxembourg, India Sign Three Market Cooperation Agreements

By Editors | 23/11/2020

An MOU between LuxSE and India INX will enable Indian issuers to dual-list green bonds in Luxembourg, thereby increasing their visibility and secondary market trading.

Market Infrastructure

Industry Bodies Call For Delay to EU Third-country Benchmarks Regime

By Editors | 22/11/2020

ISDA and 13 other associations say they believe an extension of the transitional period for third-country benchmarks under BMR is urgently needed.

ESG / Sustainability

Getting to Grips with the EU Taxonomy Regulation

By Daniel Flatt | 18/11/2020

Designed to deter greenwashing, will the new classification system release asset owners to invest sustainably?

ESG / Sustainability

UK TCFD Taskforce Unveils Plan for Mandatory Climate Disclosures

By ESG Investor | 12/11/2020

The roadmap outlines a five-year timetable for a range of UK financial institutions to comply with mandatory disclosure requirements.

AML / KYC

Philippine Authorities Probe Financial Transactions Linked to Wirecard

By Sanday Chongo Kabange | 11/11/2020

The National Bureau of Investigation is examining the financial transactions of a law firm office that appears to have provided legal services to Wirecard and Jan Marsalek.

Market Infrastructure

The AIFMD Review: Potential Impacts for Asia Pacific

By Arthur Carabia | 10/11/2020

While some of the proposals could be harmful to market participants, the review presents an opportunity to clarify certain elements of AIFMD, says ICMA’s Arthur Carabia.