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Europe
Sanctions
EU Expands Sanctions on Myanmar Junta and Supporters
By Editors | 12/12/2023
EU imposes asset freezes on four individuals and two companies in latest action against Myanmar’s military-led government.
Fintech / Regtech
European Lawmakers Reach Agreement on AI Regulation
By Editors | 11/12/2023
AI systems that pose minimal risk will not have to meet any specific obligations. High risk systems will have strict requirements. Systems that pose unacceptable risk will be banned.
Sanctions
US, UK, Canada Announce Coordinated Human Rights Sanctions
By Editors | 11/12/2023
The US targeted individuals across nine countries; the UK sanctions included targets involved in forced ‘scam farm’ labour in Cambodia, Laos and Myanmar.
Sanctions
US and UK Sanction Russians Tied to Election Hacking
By Editors | 08/12/2023
The individuals are accused of targeting UK politicians and think tanks, among others, in a long-running spear-phishing campaign on behalf of Russia’s Federal Security Service.
Crypto / Digital Assets
Korea & Italy to Cooperate on RTGS Systems & CBDC
By Editors | 07/12/2023
Bank of Korea and Bank of Italy will share skills and knowledge and cooperate on technologies that support RTGS systems and CBDC.
Crypto / Digital Assets
SocGen Becomes First Major Bank to List Stablecoin
By Editors | 07/12/2023
The euro-pegged stablecoin was listed on crypto exchange Bitstamp, which has licences in Luxembourg and France.
Sanctions
Chinese Firms Targeted in Latest Round of UK Russia Sanctions
By Editors | 07/12/2023
UK sanctions 46 individuals and entities, including companies in Belarus, China, Serbia, Turkey the UAE, and Uzbekistan, with links to Russian military sales.
AML / KYC
Banque Pictet to Pay $123m to Settle US Tax Evasion Case
By Editors | 06/12/2023
Banque Pictet helped US taxpayers to use coded accounts, foreign trusts and entities, nominee beneficiaries and other “deceits” to conceal their income and assets abroad.
Sanctions
US Government Offers Bounty for Russian National Accused of Sanctions Busting
By Editors | 06/12/2023
US government offers USD 7 million reward for individual accused of smuggling sensitive technology to Russia and money laundering via a German trading company.
Sanctions
US Sanctions Belgium-based Network for Russian Military Procurement
By Editors | 06/12/2023
US sanctions five individuals and nine entities as DOJ unseals indictments targeting illicit Russian military procurement.
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