Europe

Market Infrastructure

Eurex Allows US Introducing Brokers to Become Direct Members

By Nithya Subramanian | 18/09/2024

The change will enable US market participants to execute trades on Eurex markets via domestic introducing brokers throughout the US trading day.

AML / KYC

India’s Adani Group Defends Against Allegations of Swiss Probe

By Ajoy K Das | 17/09/2024

Hindenburg Research says $310mn of Adani Group’s funds have been frozen in Switzerland in connection with a money laundering probe.

Sanctions

EU Seeking Greater Certainty on Russia Sanctions Renewal Process

By Editors | 16/09/2024

The current process requires a unanimous vote from all EU member states every 6 months to renew the sanctions on Russia.

Enforcement

UK Set to Launch Office of Trade Sanctions Implementation

By Editors | 16/09/2024

The office will be responsible for the civil enforcement of certain trade sanctions as they relate to UK services and overseas trade with a UK nexus.

Crypto / Digital Assets

UK Introduces Bill to Clarify Legal Status of Digital Assets

By Thisanka Siripala | 16/09/2024

The legislation will formally classify crypto, NFTs and certain tokenised assets as property, enabling courts to more effectively handle disputes.

Sanctions

UK Issues Sanctions on Ten Russian ‘Shadow Fleet’ Vessels

By Editors | 13/09/2024

This is the third time the UK has used its sanctions powers to target individual vessels that undermine sanctions and facilitate Russia’s oil trade.

AML / KYC

Swedish Court Sentences Former Swedbank CEO to Jail Term

By Nithya Subramanian | 13/09/2024

Birgitte Bonnesen was sentenced to 15 months in prison for providing misleading information about Swedbank’s money laundering issues in Estonia.

Capital / Liquidity

UK Publishes 2nd Policy Statement on Basel III Implementation

By Manesh Samtani | 13/09/2024

The new rules will come into force on 1 January 2026, which is six months later than was stated in the December proposal.

Sanctions

US Says China Providing Direct Support to Russian Military

By Editors | 12/09/2024

US Deputy Secretary of State Kurt Campbell said China is supplying items that are directly helping Russia’s military effort in Ukraine.