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NEWS: Christine Lagarde calls for EU to end reliance on Visa and Mastercard

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European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council's monetary policy meeting at the ECB headquarters in Frankfurt, Germany, January 25, 2024. REUTERS/Kai Pfaffenbach

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BREAKING: FATF calls for mandatory ‘blacklists’ at stablecoin firms amid dirty money surge

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LATEST: UK professional bodies ‘lack the teeth’ to enforce AML rules, warns FCA

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INSIGHT: OFAC fines US person $3.77m for Syria sanctions breach – here are the lessons for businesses

By PAUL O’DONOGHUE, Senior Correspondent

EUROPEAN Central Bank President Christine Lagarde has urged the EU to reduce its reliance on U.S. payment systems such as Mastercard and Visa.

She called for a “march towards independence” and said Europe must develop its own platforms to secure financial sovereignty.

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BREAKING: FATF calls for mandatory ‘blacklists’ at stablecoin firms amid dirty money surge

 Premium

LATEST: UK professional bodies ‘lack the teeth’ to enforce AML rules, warns FCA

 Premium

INSIGHT: OFAC fines US person $3.77m for Syria sanctions breach – here are the lessons for businesses

Regulatory Watch News

  • Treasury Sanctions Rwanda Officials, Condemns Blatant Violations of Washington Peace Accords

    OFAC

    WASHINGTON—Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Rwanda Defence Force (RDF)—the military of Rwanda—and four of its senior officials.  The RDF is actively supporting, training, and fighting alongside the March 23 Movement (M23), a U.S.- and United Nations (UN)-sanctioned armed group responsible for human rights abuses and a mass displacement crisis in the Democratic Republic of the Congo (DRC).  The RDF has supported M23 as it seized territory in eastern DRC, including provincial capitals Goma and Bukavu, along with strategic mining sites in eastern DRC. M23’s offensives would not have been possible without the active support and complicity of the RDF and key senior officials.

  • Update to UK Sanctions List: ISIL (Da’esh) and Al-Qaida

    UK Government

    Today, Monday 2nd March, the UK Government has delisted the following entity. This reflects the decision to delist made by the UNSC Sanctions Committee pursuant to resolutions 1267(1999), 1989(2011) & 2253(2015) on 27 February. De-Listed Entity:

    Name: UN ID: Unique ID:
    AL-NUSRAH FRONT FOR THE PEOPLE OF THE LEVANT QDe.137 AQD0026

  • The second edition of the survey on unsupervised Fintech operators is online.

    Bank of Italy

    The Bank of Italy is launching the second edition of its Survey of Unsupervised Fintech Operators , conducted by the Fintech Channel. This survey aims to strengthen knowledge of the Italian Fintech market by examining the range of products and services and the impact of the current regulatory framework.

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