ADVERTISEMENT
Europe
ESG / Sustainability
UK Environment Agency Launches Economic Crime Unit
By Editors | 06/02/2024
The unit will boost the Environment Agency’s efforts to tackle money laundering and carry out financial investigations in the waste sector.
Sanctions
Iran Reported to Have Used UK Banks for Sanctions Evasion
By Editors | 06/02/2024
Iran allegedly used front companies in the UK to conceal real ownership and receive funds at accounts at two of the UK’s largest banks.
Fintech / Regtech
EU to Ramp Up Monitoring of BigTech Financial Services
By Manesh Samtani | 05/02/2024
The provision of financial services by BigTechs does not yet pose a financial stability risk, but policy action may be required as these activities continue to grow.
Sanctions
Oil Price Cap Coalition Issues Alert on Evasion Methods
By Editors | 04/02/2024
The alert includes an overview of key oil price cap evasion methods as well as recommendations for identifying them.
Market Infrastructure
EU Agrees on New Listing Act, Multiple-Vote Share Structures
By Editors | 02/02/2024
The Listing Act will make it cheaper and easier for companies to list. Multiple-vote share structures will ensure founders retain sufficient control after listing.
Sanctions
Australia, UK Join US in Imposing New Myanmar Sanctions
By Editors | 02/02/2024
The sanctions come three years after the military coup in Myanmar. Australia and the UK targeted a combined nine entities.
Market Infrastructure
EU, Japan Sign Protocol on Cross-border Data Flows
By Editors | 01/02/2024
The protocol provides legal certainty that data flows between the EU and Japan will not be hampered by data localisation requirements.
AML / KYC
UK Trial Commences in £5bn Bitcoin Money Laundering Case
By Editors | 01/02/2024
Woman is charged for laundering GBP 5 billion stolen from more than 128,000 investors in China on behalf of her former employer.
Enforcement
UK PRA Fines HSBC Over Deposit Protection Rule Breaches
By Editors | 31/01/2024
HSBC incorrectly marked eligible accounts as “ineligible” for depositor protection. The fine is the second highest ever imposed by the PRA.
Sanctions
EU Announces Human Rights Sanctions Against Russians
By Editors | 31/01/2024
Russia’s internet censorship agency and its chairperson were sanctioned, along with two judges and a prosecutor.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.