NEWS: UK chancellor probing whether banks blacklisting Farage over his political views

Regulatory Watch News

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  FinCEN Proposes Rule that Would Revoke Banque Misr UAE’s Correspondent Banking Access to U.S. Financial Institutions

  FinCEN

  August 28, 2026

  Today, under Operation Economic Outcast, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a rule that would revoke Banque Misr UAE’s correspondent banking access to U.S. financial institutions. FinCEN issued a notice of proposed rulemaking (NPRM) finding that Banque Misr in the United Arab Emirates (UAE) is a financial institution operating outside the United States of primary money laundering concern. In the NPRM, FinCEN proposes, pursuant to section 311 of the USA PATRIOT Act, prohibiting U.S. financial institutions from opening or maintaining a correspondent account for, or on behalf of, Banque Misr UAE.

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  Update to UK Sanctions List: Afghanistan Regime

  UK Government

  August 28, 2026

  Today, Friday 28 August, the UK Government has varied the designation of 1 individual under the Afghanistan Sanctions Regime. This reflects the update to this listing made on 27 August by the UN Security Council Sanctions Committee pursuant to resolution 1988 (2011). Varied Individual:

  Name:	UN ID:	Unique ID:
  Abdul Salam Hanafi Ali Mardan QUL	TAi.027	AFG0027

   

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  Austria : GRECO publishes latest compliance report on corruption prevention in respect of members of parliament, judges and prosecutors

  GRECO

  August 28, 2026

  GRECO has today made public its Fourth Interim Compliance Report on Austria under the Fourth Evaluation Round, setting out an assessment of the progress made by Austria in implementing GRECO’s recommendations to prevent corruption in respect of members of parliament, judges and prosecutors.

  The report was adopted by GRECO at its 103rd Plenary Meeting, held in Strasbourg from 8 to 12 June 2026. Austria is expected to submit a report to GRECO on the implementation of the outstanding recommendations by 30 June 2027.