Council Implementing Regulation (EU) 2023/2121 of 9 October 2023 implement Regulation (EU) No 267/2012 concerning restrictive measures against Iran On 09 October 2023 the Council of the European Union decided that the entry concerning one entity designated in Annex IX to regulation (EU) No 267/2012 should be updated Read more.
On 05 October 2023, the Security Council Committee established pursuant to resolution 1518 (2003) removed one entry from its Sanctions List of individuals and entities. Read more.
Council Implementing Regulation (EU) 2023/2081 of 28 September 2023 implementing Regulation (EU) 2023/1214 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine. On 28 September 2023 the Council of the European Union concluded that the restrictive measures referred to in Article 2f of Regulation (EU) No […]
The FIAU would like to inform subject persons about the following publications that have been issued by Europol: 1. The European Financial and Economic Crime Threat Assessment 2023 titled The Other Side of the Coin: An Analysis of Financial and Economic Crime On the 11th September 2023, Europol published the aforementioned report which analyses current […]
Council Implementing Regulation (EU) 2023/1779 of 15 September 2023 implementing Regulation (EU) No 359/2011 concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in Iran On 15 September 2023 the Council of the European Union decided that four persons and six entities should be included in the list of natural and […]
Council Implementing Regulation (EU) 2023/1765 of 13 September 2023 implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. Read more. Council Decision (CFSP) 2023/1767 of 13 September 2023 amending Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty […]
The Malta Financial Services Authority (MFSA) notified that it has recently sent out two important “Dear CEO” letters: one addressed to Funds and Fund Managers, and the other to Insurance and Investment firms. These two letters highlight and address the EU Commission’s proposal on the Retail Investment Strategy Package, which has far-reaching implications for the […]
Commission guidance to help European operators assess sanctions circumvention risks The Commission published a guidance note addressed to European operators to help them identify, assess, and understand the possible risks of sanctions circumvention – and how to avoid it. This guidance note aims at providing a general overview of what EU operators need to do […]
Council Implementing Regulation (EU) 2023/1715 of 8 September 2023 implementing Regulation (EU) 2020/1998 concerning restrictive measures against serious human rights violations and abuses On 8 September 2023 the Council of the European Union decided to amend Regulation (EU) 2020/1998 by adding six persons in the list of natural and legal persons, entities and bodies subject […]
The International Accounting Standards Board (IASB) issued amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates that will require companies to provide more useful information in their financial statements when a currency cannot be exchanged into another currency. The amendments will be consolidated into IAS 21 and IFRS 1 in March 2024 […]