On 13 December 2023, the High Courthanded downits judgment inClientEarth v. FCA. The court refused ClientEarth’s renewed application for permission to judicially review FCA approval of the prospectus of Ithaca Energy plc. The court had initially denied ClientEarth permission on the papers in A...
ESMA speech, AIFMD II, ESMA notes on aspects of the EU sustainable finance framework, ESMA USSP of cyber risk and digital resilience, AML/CFT/FS.
COMMUNIQUE MAURITIUS ON THE NEW EU LIST On May 07, 2020, the European Commission announced the adoption of a new list of third countries which, according to the Commission, had strategic deficiencies in their anti-money laundering and counter terrorism financing (AML-CFT) regimes. On the very ...
Banks should adopt a risk-based approach on establishing compliance mechanisms. clarification on the interpretation of the "anti-circumvention clauses" in the EU sanctions regimes: in the context of the prohibition to participate in activities to circumvent imposed sanctions, in accordance with the ...
Today’s AML/CFT package consists of four legislative proposals: ARegulation establishing an EU AML/CFT Authorityin the form of a decentralised EU regulatory agency; Anew Regulation on AML/CFT, containing directly applicable AML/CFT rules, including a revised EU list of entities subject to AML/CF...
Inclusion of the United Arab Emirates on AML blacklist requires ESMA to withdraw the recognition decisions of three CCPs 15 January 2023 Updated List of Central Counterparties authorised to offer services and activities in the Union 3 January 2023 List of trading venues benefiting from a transitional...
It was brought into play to create a consistent approach to dealing with high risk countries. For 5MLD, the criteria has broadened for the European Commission in assessing high risk third countries. As a result of the listing, banks and other entities covered by EU anti-mon...
which provides an overview on the status of Pillar Two implementation not only within the EU but globally. The tracker further indicates some of the variations in terms of how countries incorporate the GloBE rules in their domestic legislation, including the application of the different GloBE Safe ...
On 25 February 2021, the FATFannouncedthat it had added the Cayman Islands to its “grey” list of jurisdictions under increased monitoring by FATF. Such countries are countries that are actively cooperating with the FATF to address strategic deficiencies in their anti-money laundering (AML), c...
In addition, the EU could explore the creation of "digital" euros and other currencies with the same status as cash. These would be certified by central banks, and could be used to pay for the majority of low risk daily purchases, in which ID is not required, respecting the data ...