RegWatch - Edition #20
Your weekly briefing on regulation, risk, financial crime, and compliance matters
Regulatory Recap
If Trump Tries to Fire Powell, Fed Chair Is Ready for a Legal Fight
When a frustrated Donald Trump flirted with removing Federal Reserve Chair Jerome Powell in a dispute over interest rates back in 2018, Fed leaders privately readied a break-glass-in-case-of-emergency response. Read more
Wall Street drafts Trump wish lists over bank capital, SEC regulation
The banking and finance industries are rapidly drawing up wish lists for lighter regulation under President Donald Trump's incoming administration as Wall Street sees a window of opportunity to influence policy. Read more
U.K. sanctions 56 entities connected to Russia’s 'war machine'
It is the largest U.K. sanctions package against Russia since May 2023. Read more
MONEYVAL calls for effective implementation of international standards to counter money laundering and terrorist financing in Europe
In its annual report for 2023, MONEYVAL provides a comprehensive overview of the compliance trends in the states and jurisdictions subject to its evaluation procedures. Read more
China revises Anti-Money Laundering Law
Consisting of 65 articles in seven chapters, the revised law, passed at a session of the National People's Congress Standing Committee, will take effect on Jan. 1, 2025. Read more
Head of Spain’s police fincrime unit arrested as €20m cash found in his home; dirty money linked to 13 tonnes cocaine haul
THE HEAD of Spain’s national police fincrime unit was arrested this week after €20 million in drugs cash was found in his home. Read more
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Boerse Stuttgart Digital partners with Fenergo to scale regulatory compliant crypto solutions across Europe
Partnership between Boerse Stuttgart Digital and Fenergo accelerates the onboarding of banks, brokers and asset managers launching their own crypto offerings.