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Europe
Crypto / Digital Assets
UK Seeking to Introduce Stablecoin, Staking Rules Within Six Months
By Mark Johnston | 21/02/2024
The UK government is “pushing very hard” to enact the new rules as soon as possible, Economic Secretary Bim Afolami said.
Sanctions
HSBC Wins Approval to Sell Russian Unit to Expobank
By Editors | 21/02/2024
HSBC announced in June 2022 that it had struck a deal to sell its Russian unit, but it has taken until now for approval from Vladimir Putin.
Crypto / Digital Assets
Cybercrime Group LockBit Has Been Dismantled
By Manesh Samtani | 21/02/2024
Law enforcement from ten countries have disrupted the criminal operation of the LockBit ransomware group.
Sanctions
EU Allows Humanitarian Exception in Terrorism Sanctions Regime
By Editors | 20/02/2024
The decision comes after the EU established a dedicated framework in January to allow it to target Hamas and PIJ facilitators with sanctions.
Sanctions
EU, US, UK to Respond to Death of Top Putin Critic With Sanctions
By Editors | 20/02/2024
Aleksei Navalny, who survived a poisoning four years ago, died in a remote Arctic prison where he was serving a three-decade sentence.
Enforcement
BaFin Warns Deutsche Bank Over Transaction Monitoring Systems
By Mark Johnston | 19/02/2024
The mandate of a special monitor appointed in 2018 is being extended until end-October to oversee efforts to enhance the bank’s systems for processing transaction data.
BSP, Deutsche Bundesbank Sign MOU on Capacity Building
By Mark Johnston | 19/02/2024
Philippines’ BSP and Germany’s Bundesbank signed an MOU to enhance capacity-building efforts through tailored training and advisory services.
AML / KYC
NatWest to Claw Back Bonuses from Ex-Staff Over 2021 AML Fine
By Editors | 18/02/2024
Malus, clawback or reduction notices will be applied to ten individuals who were in role when the failures occurred but have since left NatWest.
Enforcement
Former Goldman Analyst Jailed in the UK for Insider Trading
By Editors | 18/02/2024
Mohammed Zina used sensitive information about deals Goldman was advising on to trade shares in six companies.
AML / KYC
FCA Calls on Industry to Take Lead in Combatting Financial Crime
By Ranamita Chakraborty | 15/02/2024
The FCA is urging regulated firms to utilise technology advancements and upgrade their systems to match the sophistication of criminals.
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