Events listed in Banks
Russia sanctions: guidance
ID 24625
Several UK government agencies, including the Office of Financial Sanctions Implementation (OFSI), have published a revised version of their Russia sanctions guidance. With this guidance, the agencies aim to support firms in their efforts to comply with diverse Russia sanction regulations, which have been issued especially since the invasion of Ukrainian territory. The guidance thereby covers issues such as: (1) the purpose and scope ...
Commission Delegated Regulation (EU) 2023/1626 of 19 April 2023 on amending the ...
ID 24622
New Commission Delegated Regulation (EU) 2023/1626 as regards the collection of cash penalties by central securities depositories for „settlement fails relating to cleared transactions submitted by CCPs for settlement“ was published in the Official Journal (OJ) of the EU. *The Delegated Regulation modifies Article 19 of [Commission Delegated Regulation (EU) 2018/1229*](https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:32018R1229&qid=1564391907210) ...
New consolidated version: Council Regulation (EU) 2023/1529 of 20 July 2023 ...
ID 24621
A first consolidated version of Council Regulation (EU) 2023/1529 specifying sanction / restrictive measures in view of Iran’s support of the military aggression of the Russian Federation towards Ukraine was published in the Official Journal (OJ) of the EU. The consolidated version contains the modifications made by a corrigendum that was published on August 4, 2023 and that corrected in Annex I a wrongly ...
Verordnung über die Organisation der nach dem Hinweisgeberschutzgesetz ...
ID 24618
Im Bundesgesetzblatt wurde die Verordnung über die Organisation der externen Meldestelle des Bundes im Rahmen des Hinweisgeberschutzgesetzes (HinSchG) bekannt gegeben. Diese sogenannte „Hinweisgeberschutzgesetz-Externe-Meldestelle-des-Bundes-Verordnung (HEMBV)“ wurde auf Grund des § 41 des HinSchG ins Leben verordnet (bitte EventID #21500 beachten). Das Hauptziel des HinSchG ist es, die EU-Richtlinie 2019/1937 zu implementieren, welche den Schutz von Personen gewä ...
Lebanon Designations; Issuance of Russia-related General License
ID 24612
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office adds five individuals to its Specially Designated Nationals and Blocked Persons List (SDN List). The persons are being sanctioned pursuant to Executive Order 13441 for undermining the rule of law in Lebanon by engaging in large scale corruption and transferring the scammed funds ...
Supervisory cooperation in the fight against financial crime is improving, the EBA ...
ID 24611
EBA issued its third report evaluating the effectiveness of AML/CFT colleges. These colleges are designed as permanent structures to foster collaboration among supervisory bodies overseeing cross-border financial institutions. The report noted significant progress in improving the functioning of AML/CFT colleges, but it also highlighted several areas where further enhancements are required. One key finding was that despite strides made, a substantial number of AML/CFT ...
Bundesrätin Karin Keller-Sutter nimmt am Treffen der deutschsprachigen ...
ID 24608
Während des Treffens der deutschsprachigen Finanzminister veröffentlichten die Finanzminister aus Deutschland, Österreich, Liechtenstein, Luxemburg und der Schweiz eine gemeinsame Erklärung, in der sie eine verstärkte Zusammenarbeit im Finanzbereich betonten und auf die Situation im Ukraine-Konflikt eingingen. Die Teilnehmenden diskutierten verschiedene wirtschaftliche Themen, darunter die aktuelle Wirtschaftslage, Inflations- und Rezessionsrisiken. Sie berieten auch über die ...
Sanctions Compliance Guidance for the Provision of Humanitarian Assistance to Syria
ID 24599
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury (USDT) has published a new guidance as regards the provision of humanitarian aid in view of existing sanction regulations and executive orders. The guidance, which primarily consists of frequently asked questions (FAQs), is aimed at supporting firms, organizations, and individuals alike in their assessment as to which specific activities may ...
FCA Markets Practitioner Panel (MPP) and Listing Authority Advisory Panel (LAAP) ...
ID 24597
The Listing Authority Advisory Panel (LAAP) and the Markets Practitioner Panel (MPP) of the Financial Conduct Authority (FCA) have published a joint response to the government’s call for evidence on the status quo of investment research in the UK and ways to improve investment research coverage in the country. To recall, in April 2023, the HM Treasury launched a call for evidence to collect ...
SFC concludes consultation on amendments to enforcement-related provisions of the ...
ID 24596
SFC concludes a consultation paper from Summer 2022 (see eventid=16304). In its conclusion paper, the regulator briefly describes the responses it has received to its consultation and outlines the next steps. Key points highlighted include: Part 1 -„SFC may apply for remedial and other orders against a regulated person“ Although many respondents have raised legal and implementation issues related to this proposal, SFC underlines ...