Iran’s sanctions-avoiding efforts involve two UK banks
The Financial Times has obtained documents that showcase Iran’s efforts to evade sanctions by using accounts at two of the...
archiveCompliance
UK Warns Financial Sector of Russia’s Use of Gold to Evade Sanctions
The U.K.’s National Crime Agency (NCA) issued an alert on Wednesday warning financial institutions that Russia is using gold to...
EU Proposes stringent rules for stablecoin issuers
The European Banking Authority (EBA) has unveiled a set of proposals outlining requirements for issuers of stablecoins. According to the...
Application EU Taxonomy Regulation Financial Market Participants
Since 2020, the EU has adopted several new environmental, social and governance (ESG) regulations. For financial market participants (FMP), the...
CFPB Proposes Financial Data And Open Banking Rule – Consumer Law
On October 19, 2023, the Consumer Financial Protection Bureau
(CFPB) issued a notice of proposed rulemaking to
implement Section 1033...
U.S., EU Authorities Step Up Efforts To Crackdown On Sanctions Violations
The U.S. and its European allies have recently ramped up their enforcement actions against individuals accused of circumventing sanctions against...
Revolut attracts FCA scrutiny over red-flagged accounts
Revolut has attracted scrutiny from the UK’s Financial Conduct Authority over red-flag accounts that were restricted by the National Crime...
New SEC Rules Create Additional Requirements For Investment Advisers To Private Funds – Investment Strategy
On August 23, 2023, the SEC adopted new rules under the
Investment Advisers Act of 1940 (the "Advisers Act").
While...
The week in GRC: EU and GRI make progress on climate reporting and FASB adopts cryptocurrency accounting rule
– Reuters (paywall) reported that the European Financial Reporting Advisory Group (EFRAG) and GRI said they have reached a ‘milestone’...
Sumsub launches free crypto Travel Rule solution
UK-based security and transaction monitoring solutions provider Sumsub has launched a free trial of its crypto Travel Rule solution. Starting...
