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Europe
EU Seeking to Prevent Sanctions Evasion via Vietnam, Malaysia
By Editors | 15/07/2024
EU sanctions envoy David O’Sullivan said China is a “growing problem” as a circumvention hub, but Vietnam and Malaysia are among the next priorities.
Crypto / Digital Assets
Lithuania Fines Crypto Firm Payeer for Sanctions, AML Breaches
By Editors | 14/07/2024
Lithuanian authorities said Payeer offered services to Russian customers and allowed them to carry out transactions with sanctioned banks.
Market Infrastructure
UK to Introduce New Listing Regime from 29 July
By Manesh Samtani | 12/07/2024
The new regime will merge the ‘premium’ and ‘standard’ listing segments and allow founders to exert greater control of their companies.
Market Infrastructure
EU Plans to Move to T+1 Settlement Cycle in 2027: Report
By Nithya Subramanian | 12/07/2024
In a poll conducted at a meeting hosted by ESMA, close to 70 per cent of respondents advocated for the switch to occur in 2027.
AML / KYC
UK FCA to Introduce Criminal Checks in Authorisation Process
By Editors | 12/07/2024
Controllers and beneficial owners of FIs would be subject to criminal background checks when they apply for authorisation or registration.
Enforcement
Former Trader Settles $150m Lawsuit Against Deutsche Bank
By Nithya Subramanian | 11/07/2024
Matthew Connolly accused the German bank of making him a scapegoat by lying to prosecutors.
Sanctions
Switzerland Expands Sanctions Against Russia
By Editors | 10/07/2024
The targets align with the EU’s 14th package, but measures targeting the energy, financial and goods sectors are still being examined.
AML / KYC
Five Chinese Money Launderers Arrested in Spain
By Manesh Samtani | 09/07/2024
The head of an alleged Chinese criminal network was among those arrested during the Europol-supported operation.
AML / KYC
Nordea Charged for Laundering $3.8b for Russian Clients
By Editors | 08/07/2024
Danish authorities said Nordea did not adequately investigate transactions by Russian clients and ignored other warnings.
Crypto / Digital Assets
Circle Secures First Stablecoin License under EU’s MiCA Framework
By Nithya Subramanian | 05/07/2024
Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA.
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