EUROPE

Enforcement

FCA Chair Cleared of Wrongdoing in Whistleblower Case

By Nithya Subramanian | 26/09/2024

An internal review found that Ashley Alder’s actions were reasonable and not intended to harm the complainants.

Enforcement

ECB Start Penalising Banks for Slow Progress on Climate Risk

By Mark Johnston | 26/09/2024

The ECB has begun issuing fines to banks that fail to meet its expectations on climate risk management.

Enforcement

Deutsche Börse, Nasdaq Under Scrutiny in EU Antitrust Probe

By Editors | 25/09/2024

Deutsche Börse and Nasdaq said they were raided and searched by EU antitrust watchdogs who suspect antitrust rule violations.

Sanctions

EU Plans €35b Loan for Ukraine, Backed by Russian Assets

By Editors | 23/09/2024

The EU was initially planning to contribute about €18bn out of the total €45bn the G7 was planning to raise for Ukraine.

Enforcement

Danske Bank Settles French Money Laundering Probe

By Mark Johnston | 23/09/2024

Danske Bank will pay €6.33mn to settle a probe by French authorities into the bank’s now-shuttered Estonian operations.

Sanctions

EU Parliament Calls for Tougher Sanctions Action on Russia

By Editors | 21/09/2024

EU Parliament adopted a resolution calling for tighter sanctions on Russian fossil fuels and additional measures targeting circumvention.

Sanctions

EU Mulls Expansion of Export Controls to Subsidiaries of EU Firms

By Editors | 21/09/2024

The EU is reportedly considering expanding export restrictions to subsidiaries of EU companies, and increasing focus on third country FIs.

AML / KYC

German Authorities Shut Down 47 Cryptocurrency Exchanges

By Nithya Subramanian | 20/09/2024

The crypto exchanges did not carry out identity and background checks on customers and allowed them to conduct financial transactions anonymously.

Sanctions

UK Imposes Trade Sanctions Targeting Iran Defence Industry

By Editors | 20/09/2024

The new measures are part of the UK’s response to reports that Iran has delivered ballistic missiles to Russia.