Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

EU/Europe, Sanctions

NEWS: EU to propose new sanctions package targeting wealthy Russians in latest attempt to put pressure on Putin

Premium March 8, 2022
Premium

NEWS: Barclays implements £20,000 annual cash deposit limit to combat money laundering

 Premium

NEWS: Frankfurt re-confirmed as AMLA seat at European Parliament, putting an end to speculation Spanish MEPs would seek new vote

NEWS: Europe’s most wanted who bought 172 homes worth €50M through ML goes on run after being released in ‘fiasco’ by Spanish court

By Elizabeth Hearst for AMLi

The European Union is expected to introduce a new sanctions package aimed at wealthy Russian individuals and their family members, as the West piles pressure on Russian President Putin. 

The sanctions package will target 14 individuals including a number of wealthy Russians and their family members, one entity and more than 100 members of the upper house of the Russian Parliament. 

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in
Premium

NEWS: Barclays implements £20,000 annual cash deposit limit to combat money laundering

 Premium

NEWS: Frankfurt re-confirmed as AMLA seat at European Parliament, putting an end to speculation Spanish MEPs would seek new vote

NEWS: Europe’s most wanted who bought 172 homes worth €50M through ML goes on run after being released in ‘fiasco’ by Spanish court

Regulatory Watch News

  • Pakistani smuggling network busted in Romania

    Europol

    A cross-border investigation led by the Romanian Police (Poliția Română), supported by Europol and involving the Austrian Police (Landeskriminalamt Salzburg) and the Italian Carabinieri Corps (Arma dei Carabinieri), has resulted in the dismantling of an organised crime group involved in migrant smuggling. The group arranged the illegal arrival in Romania of migrants via fraudulently obtained work visas, before facilitating their further illegal movements towards other EU countries.

  • PSR seeks views on its proposed approach to supervision

    Payment Systems Regulator

    The Payment Systems Regulator (PSR) has published a call for views on its proposed approach to supervision, having established a Supervision and Compliance Monitoring division last year. The division was created to drive compliance with the PSR’s requirements, something that has become increasingly important as the regulator uses its powers to boost competition, increase choice and tackle payment fraud. The division will improve outcomes for everybody that uses payment systems by deterring and challenging poor practise within firms.

  • G7 Cyber Expert Group conducts cross-border coordination exercise in the financial sector

    European Central Bank

    The G7 Cyber Expert Group completed a cross-border coordination exercise on 17 April 2024. G7 authorities routinely exercise to ensure they can effectively coordinate and communicate their response in the event of a widespread cyber incident affecting the financial system. The primary objective of the exercise was to strengthen the ability of G7 financial authorities in effectively communicating and coordinating their respective responses to facilitate crisis management in the event of a significant cross-border cyber incident affecting the financial sector.

Sign Up To Our Newsletter

Categories

Archived articles

Contact Us