Pence urges Europe to quit Iran deal, stop busting sanctions
20th February 2019
Pence urges Europe to quit Iran deal, stop busting sanctions
AP — The Trump administration lashed out at some of America’s closest traditional allies Thursday, accusing Britain, France and Germany of trying to bust U.S. sanctions against Iran and calling on European nations to join the United States in withdrawing from the Iranian nuclear deal. In… Read More
Germany warns it will stop extradition of its citizens to UK after Brexit – FT
20th February 2019
Germany warns it will stop extradition of its citizens to UK after Brexit – FT
Berlin will stop extraditing Germans to Britain immediately after Brexit even if it leaves the European Union with a deal, the Financial Times reported on.ft.com/2DPMBED on Sunday, citing a formal notification submitted by Germany to the European Commission last week. By Kanishka Singhm, Reuters, 17 February 2019. Link to… Read More
Germany consults industry about blockchain potential
19th February 2019
Germany consults industry about blockchain potential
Germany has opened a consultation process on how to tap into the potential of blockchain technology ahead of presenting a strategy by the summer, government sources said on Monday. Berlin is a hub for startup companies of which around 170 in one way or another look at blockchain, the distributed… Read More
Banks have not moved enough staff from London to EU for Brexit: Bundesbank
15th February 2019
Banks have not moved enough staff from London to EU for Brexit: Bundesbank
FRANKFURT (Reuters) – Some banks that conduct their euro zone business from London have failed to meet regulators’ expectations to move enough staff into other EU countries in time for Brexit, the German bank supervisor Joachim Wuermelling said on Thursday. “Not all SSM banks are currently fully compliant with the… Read More
EU publishes money laundering blacklist, urges banks to apply customer due diligence (CDD)
15th February 2019
EU publishes money laundering blacklist, urges banks to apply customer due diligence (CDD)
The European Commission on Tuesday adopted a list of countries it says has weak anti-money laundering and terrorist financing regimes, and urged banks to increase customer due diligence (CDD) checks on customers and firms from the blacklisted states. The list was established after an ‘in-depth’ analysis, the Commission explained, and… Read More
Q and A: EU money laundering blacklist explained
15th February 2019
Q and A: EU money laundering blacklist explained
The European Commission has published its list of high-risk third countries – dubbed the blacklist – which it says have weak anti-money laundering and terrorist financing regimes. It says the list was established after an ‘in-depth’ analysis, and the that the method reflected the ‘stricter’ criteria of the Fifth Anti-Money… Read More
Estonia drops anti-money laundering legislation before election
14th February 2019
Estonia drops anti-money laundering legislation before election
Estonia’s parliament has dropped a proposed law that would have toughen rules on money-laundering, a parliamentary spokeswoman said on Wednesday. Lawmakers told Reuters they expect the proposal, drafted after a scandal involving Denmark’s Danske Bank, to be revived later this year following a March 3 general election. “The current parliament… Read More
Cyprus: No ‘golden passport’ to people rejected before
14th February 2019
Cyprus: No ‘golden passport’ to people rejected before
AP — Cyprus has strengthened the eligibility rules for a lucrative “golden passport” program that grants the document to wealthy foreign investors, ruling out applicants who already were turned down by another European Union country with a similar policy, a government official said Wednesday. The EU… Read More
Money laundering: Singapore discusses new rules, CDD for gold dealers
13th February 2019
Money laundering: Singapore discusses new rules, CDD for gold dealers
Precious metal dealers in Singapore will have to conduct stricter customer due diligence checks (CDD) and submit details of suspicious transactions, under new measures to combat money laundering and terrorism financing. Law Minister Edwin Tong, in a Second Reading speech on the Precious Stones and Precious Metals (Prevention of Money… Read More
EU smaller states say no to end of veto on tax reforms
13th February 2019
EU smaller states say no to end of veto on tax reforms
Finance ministers from smaller European Union states on Tuesday opposed a plan to limit governments’ power to block EU reforms on tax matters, in a move that further reduces the chances of introducing an EU levy on large digital firms. EU countries with smaller populations have for years blocked efforts… Read More
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