Europe, Middle East, Africa
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12 results
Conduct & Culture
Barclays loses judicial review of motor finance case, ombudsman considering next steps
Barclays Bank has lost a judicial review of a decision by the Financial Ombudsman Service relating to the sale of...
Financial Crime
US sanctions on UAE entities and individuals jump
US sanctions on entities and individuals based in the United Arab Emirates (UAE) have jumped to roughly 507, with 125...
Money Laundering
Children targeted by social media recruitment ads for money mules
Criminals are overtly targeting young people to become money mules. Two-thirds of all advertisements aimed at attracting new recruits appear...
Financial Crime
Money laundering reporting officer role downgraded, fincrime professionals feel exposed
The money laundering reporting officer (MLRO) role has been downgraded in seniority, leaving financial crime professionals feeling exposed to retaliation,...
Europe, Middle East, Africa
Countdown to DORA: Non-traditional finance firms face biggest challenge
The European Union’s Digital Operational Resilience Act (DORA) finally kicks in, to all intents and purposes on January 17, 2025....
Enforcement Actions
Luxembourg’s CSSF issues first-of-its-kind ESG fine to Aviva Investors
Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), has fined Aviva Investors Luxembourg 56,500 euros after an...
Money Laundering
UK tax authority compliance officer gets suspended sentence for aiding money laundering
A compliance officer at HM Revenue & Customs (HMRC) has received a 14-month suspended sentence for helping her husband launder...
Regulatory Reform
UK FCA to change plan to name firms under enforcement investigation
The Financial Conduct Authority (FCA) has confirmed it is reformulating its plans to announce the names of firms it has...
