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NEWS: Lloyds urges office return for employees at least two days per week

Premium April 28, 2023

A branch of Lloyds Bank stands on Canon Alley near St Paul's Cathedral in London, England, on July 26, 2019. Four major UK banks, including Lloyds, are set to release interim figures over the coming days. Half-year results for Lloyds Banking Group are due out on July 31, for Barclays on August 1, for the Royal Bank of Scotland (RBS) on August 2 and for HSBC on August 5. (Photo by David Cliff/NurPhoto)NO USE FRANCE

INSIGHT: Compliance managers see €15K rise in salary to €85K; CCOs earning €195K – report

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NEWS: UAE, Gibraltar set to remain on EU’s ‘high risk’ watchlist until September at earliest

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LATEST: European Parliament officially adopts Europe’s new AML laws and establishment of AMLA

By Alisha Houlihan for AMLi

Lloyds Banking Group has told hybrid working staff they must spend at least two days a week in the office, monitoring returns with “card swipe data.” 

Chief executive Charlie Nunn announced the bank’s decision to change its policy on working from home and office on Thursday, according to The Financial Times. 

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INSIGHT: Compliance managers see €15K rise in salary to €85K; CCOs earning €195K – report

 Premium

NEWS: UAE, Gibraltar set to remain on EU’s ‘high risk’ watchlist until September at earliest

 Premium

LATEST: European Parliament officially adopts Europe’s new AML laws and establishment of AMLA

Regulatory Watch News

  • Treasury Targets Networks Facilitating Illicit Trade and UAV Transfers on Behalf of Iranian Military

    OFAC

    WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning over one dozen entities, individuals, and vessels that have played a central role in facilitating and financing the clandestine sale of Iranian unmanned aerial vehicles (UAVs) for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL), which itself is involved in supporting Iran’s Islamic Revolutionary Guard Corps (IRGC) and Russia’s war in Ukraine.

  • Financial sanctions update: Iran

    OFSI

    On 25 April 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 6 entries have been added to the Iran financial sanctions regime and are now subject to an asset freeze:

    • Abbas Abdi Asjerd (Group ID: 16483)
    • Seyed Mohsen Vahabzadeh Moghadam (Group ID: 16480)
    • Alvand Motorbuilding Industries Company (Group ID: 16482)
    • Bonyan Danesh Shargh Private Company (Group ID: 16481)
    • Moj Gostar Aseman Parvaz Company (Group ID: 16479)
    • Pishro Sanat Aseman Sharif Company (Group ID: 16484)

  • Romania: Civil servant suspected of €561 000 agricultural fraud

    European Public Prosecutor's Office

    (Luxembourg, 25 April 2024) – The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca (Romania) is carrying out searches today in several locations in Brăila County, in an investigation into a suspected €561 000 fraud involving EU agricultural funds. A civil servant’s office, three companies and four homes are being searched.

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