EUROPE

AML / KYC

Australia ACMA to Collaborate with UK Ofcom on Combatting Scams

By Sanday Chongo Kabange | 08/12/2024

The ACMA and Ofcom will collaborate and share information to tackle the “pervasive scourge” of spam and scam communications.

Fintech / Regtech

EU Adopts New Legislative Package to Strengthen Cyber Resilience

By Thisanka Siripala | 06/12/2024

The legislation will establish a pan-European ‘cybersecurity alert system’ and a ‘cybersecurity emergency mechanism’ to enhance the EU’s response capabilities.

Capital / Liquidity

EACH Calls for Global Consistency in CCP Regulation

By Mark Johnston | 05/12/2024

The European Association of CCP Clearing Houses released a manifesto offering recommendations to enhance capital market efficiency and resilience.

AML / KYC

Former EU Justice Commissioner Investigated for Money Laundering

By Nithya Subramanian | 05/12/2024

Belgian police searched the homes of Didier Reynders amid allegations of laundering funds through lottery ticket purchases.

AML / KYC

US, UK Target Major Russian Sanctions Evasion Network

By Editors | 05/12/2024

OFAC sanctioned five individuals and five entities associated with the network. The NCA said 84 arrests have been made and $25mn has been seized.

Market Infrastructure

CME Group Launches Beta Term €STR Reference Rates

By Editors | 05/12/2024

The beta reference rates are based on a waterfall methodology that builds on €STR futures and OTC swap market data.

AML / KYC

UK FCA Finalises Updates to Financial Crime Guide

By Editors | 04/12/2024

The financial crime guide is updated to provide additional guidance on sanctions, proliferation financing, transaction monitoring and cryptoassets.

Enforcement

Swiss Court Commences Trial Against Trafigura Over Angola Bribes

By Nithya Subramanian | 03/12/2024

This is the first time Switzerland’s Federal Criminal Court will have to rule on a company’s liability for alleged bribery of a foreign official.

Crypto / Digital Assets

Permissionless Blockchains Can Enhance Traditional Financial Services

By Editors | 03/12/2024

European Commission report says public permissionless blockchains represent a promising alternative to permissioned platforms.