Europe’s new €10,000 cash limit may not go far enough – leading German Financial Spokesperson warns

Regulatory Watch News

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  FinCEN Issues Advisory on Iran-Backed Terrorist Organizations

  FinCEN

  May 8, 2024

  WASHINGTON — Today, in light of intensified terrorist activity in the Middle East, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Advisory to assist financial institutions in detecting potentially illicit transactions related to Islamic Republic of Iran-backed terrorist organizations. The Advisory highlights the means by which certain terrorist organizations receive support from Iran and describes several typologies these terrorist organizations use to illicitly access or circumvent the international financial system to raise, move, and spend funds. It also provides red flags that may assist financial institutions in identifying related suspicious activity.

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  Financial sanctions update: Russia

  OFSI

  May 8, 2024

  On 8 May 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. The following entry has been amended under the Russia financial sanctions regime and remains subject to an asset freeze and trust services sanctions:

  • Said Mikhailovich Gutseriev (Group ID: 15418)

  OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes.

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  The Danish Financial Supervisory Authority’s supervisory efforts in 2023

  The Danish Financial Supervisory Authority

  May 8, 2024

  147 inspections, 692 supervisory responses and 260 cases of insider trading and market manipulation, as well as a number of reports, thematic studies and analyses. These are the main points in the overview of the Danish Financial Supervisory Authority's activities in 2023.