Anti-Financial Crime & Financial Crime Compliance
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EU/Europe, Regions, Sanctions

INSIGHT: LVMH still operating hotel in Russia that serves sanctioned clients

Premium March 2, 2026

The Grand Hotel Europe in Saint Petersburg, Russia February 18, 2026. REUTERS/Stringer

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NEWS: Customs and VAT fraud causes €45bn of ‘damage’ to EU, officials say

INSIGHT: AI, Humans and Rules – How to build the most effective FinCrime controls

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NEWS: FinCEN Residential Real Estate Reporting rule comes into force today, March 1

By Tassilo Hummel and Anton Zverev

WHEN the war in Ukraine started in February 2022, LVMH shuttered its Louis Vuitton, Dior and Bulgari boutiques in Russia days before Europe imposed export sanctions on luxury goods.

The conglomerate – controlled by French billionaire Bernard Arnault – also sold its Sephora stores at a loss, even though their mass-market products were not subject to sanctions. And LVMH donated €5 million to the victims of what it called the “tragic situation” in Ukraine.

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Premium

NEWS: Customs and VAT fraud causes €45bn of ‘damage’ to EU, officials say

INSIGHT: AI, Humans and Rules – How to build the most effective FinCrime controls

 Premium

NEWS: FinCEN Residential Real Estate Reporting rule comes into force today, March 1

Regulatory Watch News

  • 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.

  • Proposed organizational arrangements of the Commission on Narcotic Drug

    UNODC

    Vienna, 9-13 March 2026 Reference is made to the meeting held on 6 February 2026 with the Chief of UNOV Conference Management Services, attended by the Chairs of the Commission on Narcotic Drugs, the Commission on Crime Prevention and Criminal Justice and the Standing Open-ended Intergovernmental Working Group on Improving the Governance and Financial Situation of UNODC, during which the Chairs were informed that, due to the liquidity crises of the UN regular budget and the related reduced allocation of non-post resources, the availability of interpretation services for the work of the Commission on Narcotic Drugs might be reduced to a limited number of workdays only, without parallel sessions

  • Temporary closure of Nasdaq Dubai effective Monday, 2 March 2026 and Tuesday, 3 March 2026

    DFSA

      The Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of Dubai International Financial Centre (DIFC) has announced the temporary closure of Nasdaq Dubai, effective Monday, 2 March 2026 and Tuesday, 3 March 2026. Nasdaq Dubai is the international financial exchange based in the DIFC, providing a platform for regional and global investors to trade equities, derivatives, sukuk, and conventional bonds.

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