NEWS: Crypto firm Nexo – under AML investigation in EU – pays $45M fine to SEC for failing to register lending product

Regulatory Watch News

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  7 entries amended under the Russia Sanctions Regime

  UK Government

  May 28, 2025

  Today, Wednesday 28 May, the UK Government made 7 administrative amendments to the following individual and entities under the Russia Sanctions Regime. Individual:

  Name	Unique ID	OFSI Group ID
  Igor Borisovich BYSTROV	RUS2626	16878

  Entities:

  Name	Unique ID	OFSI Group ID
  SHANGHAI NEW CHESS INT'L LOGISTICS CO., LTD.	RUS2617	16869
  SHANGHAI NEW CHESS CO., LTD.	RUS2618	16870
  MT-SYSTEMS LLC	RUS2620	16872
  ATOMA LLC	RUS2622	16874
  PIONEER TRADE LLC	RUS2640	16886
  Limited Liability Company responsibility "Market Special Depository"	RUS2686	16932

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  GRECO recommends Anti-Corruption Reforms for Liechtenstein’s Government, Police, and Head of State

  GRECO

  May 28, 2025

  The Council of Europe’s Group of States against Corruption (GRECO), in a report published today, calls on Liechtenstein to take further steps to prevent corruption among persons with top executive functions (PTEFs), including members of government, the Government Secretary, Secretaries General and Senior Political Advisors, as well as members of the National Police. The report also covers the Reigning Prince, who contributes to executive decision-making under the Constitution.

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  Cyber: Statement by the High Representative on behalf of the European Union on malicious behaviour in cyberspace against Czechia

  European Council

  May 28, 2025

  The European Union and its Member States, together with international partners, stand in solidarity with Czechia regarding the malicious cyber campaign that targeted its Ministry of Foreign Affairs. Czechia determined the cyber-attack has been perpetrated by the Advanced Persistent Threat 31 (APT31) that is associated with the Ministry of State Security of China. In recent years, malicious cyber activities linked to this country and targeting the EU and its Member States have increased. In 2021, we urged Chinese authorities to take action against malicious cyber activities undertaken from their territory. Since then, several Member States have attributed similar activities at their national level. We have repeatedly raised our concerns during bilateral engagements and we will continue to do so in the future.