Europe

AML / KYC

OFAC Probes UBS for Russia Risk from Credit Suisse Takeover

By Editors | 13/11/2024

OFAC is reportedly seeking information from UBS about the Russian clients the bank took on when it bought Credit Suisse in March 2023.

AML / KYC

Spanish Police Chief Arrested Over Links to Criminal Gangs

By Nithya Subramanian | 13/11/2024

Óscar Sánchez Gil was until recently the head of the fraud and AML division of Spain’s national police force in Madrid.

AML / KYC

UK Issues Guidance on ‘Failure to Prevent Fraud’ Offence

By Thisanka Siripala | 11/11/2024

The guidance aims to help organisations implement a fraud prevention framework ahead of the ‘failure to prevent fraud’ offence coming into force on 1 September 2025.

Crypto / Digital Assets

UBS Pilots Digital Cash for Cross-Border Payments

By Nithya Subramanian | 11/11/2024

UBS Digital Cash is aimed at boosting efficiency, transparency, and liquidity management for corporate and institutional clients.

Capital / Liquidity

ECB May Impose Capital Charge on Banks With Excess Russia Exposure

By Editors | 11/11/2024

The ECB is considering adjusting capital requirements for Raiffeisen Bank International and UniCredit to account for Russia-related risks.

Securities / Derivatives

Chinese Exchanges, Deutsche Börse Sign MoUs on Depositary Receipts

By Manesh Samtani | 10/11/2024

The MOUs will facilitate the implementation of depositary receipts linkages between Shanghai/Shenzhen and Germany.

Sanctions

UK Announces 56 Targets in New Russia Sanctions Package

By Editors | 09/11/2024

The targets in the UK’s largest sanctions package in 18 months include entities in China, Hong Kong, Türkiye, Central Asia, and Estonia.

UK Orders Chinese Firm to Sell Stake in Semiconductor Business

By Editors | 07/11/2024

The order aims to mitigate the risk of “UK-developed semiconductor technology and associated intellectual property being deployed in ways that are contrary to UK national security”.

Market Infrastructure

UK FCA Introduces New Transparency Rules for Bonds, Derivatives

By Thisanka Siripala | 07/11/2024

FCA also consulting on proposals to allow asset managers for pooled investment funds greater flexibility in how they pay for investment research.