Europe

AML / KYC

Swiss Authorities Convict BSI Bank for Money Laundering

By Nithya Subramanian | 12/03/2024

Switerland’s Office of the Attorney General has imposed a fine of CHF 4.5 million for violations between August 2010 and June 2014.

Crypto / Digital Assets

UK FCA to Allow Recognised Exchanges to Offer Crypto ETNs

By Editors | 12/03/2024

The London Stock Exchange has already confirmed it will start accepting applications for Bitcoin and Ethereum ETNs in Q2 2024.

Fintech / Regtech

BOE to Move Data & Analytics Platform to the Cloud

By Editors | 11/03/2024

The move is part of a modernisation programme that will also involve a “controlled set of pilots” of AI tools across the BOE.

Sanctions

EU States Step Up Efforts to Prevent Sanctions Circumvention

By Editors | 11/03/2024

Cases in Finland, Lithuania, Austria, Germany and Georgia show the pervasive the issue is, as well as signs that a deeper crackdown is underway.

AML / KYC

UK Launches Action Plan to Combat Money Muling

By Mark Johnston | 10/03/2024

The UK government has announced a 22-point action plan to disrupt money mule activity and support exploited victims.

Crypto / Digital Assets

UK Consults on Implementation of Crypto-Asset Reporting Framework

By Editors | 10/03/2024

HM Treasury proposes to enact rules in 2026 to enable the first information exchanges under CARF to start in 2027.

Market Infrastructure

EU Agrees Measures to Boost Cyber Defence Capabilities

By Editors | 09/03/2024

The EU will introduce a pan-European cyber security alert system, a cybersecurity emergency mechanism, and certification schemes for managed security services.

Market Infrastructure

EMMI Finalises Methodology Changes for Euribor Calculation

By Manesh Samtani | 09/03/2024

The new calculation methodology will end the use of ‘expert judgement’ to determine the Euribor rate. Panel banks will start migrating around mid-May 2024.

ESG / Sustainability

UK to Start Regulating ESG Ratings Later This Year

By ESG Investor | 08/03/2024

Budget statement confirms that the UK will regulate ESG ratings, with full consultation and legislative steps due to be announced later this year.