FinTech Revolut has decided to abandon plans to run its Western European business hub from Dublin.
Revolut has withdrawn its licensing application from the Central Bank of Ireland, reportedly over delays according to the Irish Independent.
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Treasury Imposes Additional Sanctions on Iran’s Shadow Fleet as Part of Maximum Pressure Campaign
OFAC
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the U.S. Department of State are imposing sanctions on over 30 persons and vessels in multiple jurisdictions for their role in brokering the sale and transportation of Iranian petroleum-related products. Among those sanctioned today are oil brokers in the United Arab Emirates (UAE) and Hong Kong, tanker operators and mangers in India and People’s Republic of China (PRC), the head of Iran’s National Iranian Oil Company, and the Iranian Oil Terminals Company, whose operations help finance Iran’s destabilizing activities. The vessels sanctioned today are responsible for shipping tens of millions of barrels of crude oil valued in the hundreds of millions of dollars.
Czechia: EPPO uncovers heavy corruption and €160 million EU subsidy fraud in healthcare sector
European Public Prosecutor's Office
(Luxembourg, 24 February 2025) – In a probe led by the European Public Prosecutor’s Office (EPPO) in České Budějovice(Czechia), law enforcement officers have arrested 22 individuals and carried out 46 searches today.
According to the investigation, 16 suspects systematically exploited public procurement processes by demanding and providing illicit financial gains for the implementation of contracts for the Motol University Hospital in Prague, the biggest hospital in Czechia.
Financial sanctions update: Russia
OFSI
On 24 February 2025 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act.
66 entries have been added to the consolidated list under the Russia financial sanctions regime and are now subject to an asset freeze and trust services sanctions. Further information can be found in the notice.
The following entry has been added to the consolidated list under the Russia financial sanctions regime and is now subject to an asset freeze, trust services sanctions and a prohibition on correspondent banking and clearing:
OJSC KEREMET BANK (Group ID: 16829)
The following entry has been amended on the consolidated list under the Russia financial sanctions regime and remains subject to an asset freeze and trust services sanctions: