Europe

Sanctions

US, UK Join Australia in Sanctioning Russian Cyber Attacker

By Mark Johnston | 24/01/2024

The US and UK took action “in solidarity with Australia” because of the similar risk Aleksandr Ermakov presents to both countries.

Sanctions

US, UK, Australia Announce New Round of Hamas Sanctions

By Editors | 23/01/2024

OFAC said the sanctions target Hamas, its financiers, and its international financial infrastructure, including crypto transfers.

Sanctions

EU Discusses 13th Sanctions Package for Russia – Report

By Editors | 22/01/2024

The package could include further listings, more trade restrictions. and cracking down on Russia’s ability to circumvent sanctions via third countries.

Sanctions

US Sanctions Prompt Turkish Banks to Reject Russian Payments

By Editors | 22/01/2024

Turkish banks are now refusing to accept payments from Russian banks for exports, due to the threat of US sanctions.

AML / KYC

EU Council, Parliament Reach Provisional Agreement on AMLD6

By Manesh Samtani | 18/01/2024

The scope of the AML rules is broadened to include cryptoassets, luxury goods, football clubs and golden visas. There is also an EU-wide cash payment limit of EUR 10,000.

ESG / Sustainability

UK FCA Forms New Sustainability Working Group for Advice Sector

By Editors | 18/01/2024

The working group will report in the second half of 2024 on how the financial advice sector can deliver good sustainable finance practices.

AML / KYC

EBA Issues Guidelines on ML/TF Risks Associated with CASPs

By Ranamita Chakraborty | 17/01/2024

The guidelines will foster a common understanding of ML/TF risks associated with crypto-assets service providers, the EBA said.

Enforcement

Former Wyelands Bank CEO Fined, Banned by UK PRA

By Mark Johnston | 16/01/2024

Former Wyelands Bank CEO faces penalty and prohibition for failing to ensure the lender had adequate systems and controls.

Capital / Liquidity

EBA Deems BNP Paribas Capital Instruments Ineligible

By Mark Johnston | 15/01/2024

Perpetual bonds, also known as “discos”, have a complex structure that could hamper the resolution of the bank in a crisis, the EBA said.