News

The Financial Action Taskforce has placed the United Arab Emirates on its money laundering “greylist”, hinting also that it may remove Russia from its role at the organisation.

09 March 2022

Quinn Emanuel Urquhart & Sullivan has bolstered its digital assets disputes practice with a senior official from New York’s state regulator, as Paul Hastings turns to the US Justice Department to add to its fintech capabilities.

09 March 2022

The European Commission has told GBRR it is ready to adopt additional measures to prevent Russian banks using crypto assets to evade its sanctions regime.

07 March 2022

The UK Treasury has confirmed the abolition of regulations including the share trading obligation following the response to its post-Brexit Wholesale Markets Review.

07 March 2022

Covington & Burling has rehired a former partner from WSFS Bank, as Troutman Pepper adds a counsel to its financial services practice.

07 March 2022

The European Union’s Single Resolution Board has declined to rescue Austrian-headquartered Sberbank Europe while transferring its Croatian and Slovenian subsidiaries to local competitors.

03 March 2022

The Federal Reserve has followed up on its proposals issued last year for giving fintechs accounts, issuing a new tiered framework for accepting new account requests.

03 March 2022

The European Central Bank has warned Sberbank Europe is “failing or likely to fail”, following deposit outflows prompted by Russia’s invasion of Ukraine.

01 March 2022

US regulators have fined the National Bank of Pakistan over US$55 million for apparent 8-year-long deficiencies in anti-money laundering measures at the bank’s New York operation.

25 February 2022

In its first ever risk assessment under the EBA Regulation’s investigative tool, the EU’s banking watchdog has said that some of the bloc’s national-level regulators “took no action” to investigate money laundering risks in their financial sectors when the Luanda Leaks were published two years ago.

24 February 2022