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Europe
Enforcement
ECB to Order UniCredit, Raiffeisen to Cut Russia Business – Reports
By Editors | 22/04/2024
Italy’s UniCredit and Austria’s Raiffeisen Bank International are expected to be ordered by the ECB to pare back their Russia business.
Sanctions
US, EU Issue New Sanctions Over Settler Violence in West Bank
By Editors | 21/04/2024
OFAC’s sanctions target two entities that helped raise funds for two already-designated Israeli settlers. The EU sanctions target four individuals and two entities.
Crypto / Digital Assets
UK Banks Launch Digital Money Experimental Phase
By Editors | 19/04/2024
Barclays, Citi, HSBC, and Lloyds are among those that have signed up to experiment with the so-called ‘Regulated Liability Network’.
Sanctions
US, UK Unveil Initial Sanctions Response to Iran’s Airstrike
By Editors | 18/04/2024
The US sanctions target Iran’s drone production, steel industry and auto companies. The UK targeted those responsible for the weekend attack.
AML / KYC
UK Launches Global Initiative to Enhance Corporate Transparency
By Mark Johnston | 18/04/2024
The UK government has announced a global call to action for increased transparency in company ownership.
ESG / Sustainability
Bursa Malaysia Gains UK Boost for Sustainable Investments
By Nithya Subramanian | 17/04/2024
Bursa Malaysia will collaborate with the UK’s MOBILIST programme to enable greater investment in energy transition.
Fintech / Regtech
ISDA Extends Digital Regulatory Reporting Initiative
By Editors | 17/04/2024
The initiative is being extended to cover new derivatives reporting rules in the UK, Australia and Singapore.
Enforcement
No Criminal Misconduct Found in EY’s Wirecard Audits
By Editors | 17/04/2024
EY could have faced unlimited liability for claims of damages from Wirecard’s administrator and former shareholders if criminal misconduct was found.
AML / KYC
GLEIF Announces First European-based vLEI Issuer
By Editors | 17/04/2024
The vLEI is the cryptographically secure digital counterpart of a conventional LEI that can be used to automate business process.
ESG / Sustainability
ESG Requirements Could Hinder EU Banks’ Competitiveness – Report
By Nithya Subramanian | 16/04/2024
The EBF’s Denisa Avermaete said ESG buffers are problematic because they are an “exclusively European tool”.
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