Tag: Financial sector

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High Value Dealers, Art Market Participants, Letting Agents and Insolvency Practitioners Compliance
OFSI
May 14, 2025
From today, 14 May 2025, High Value Dealers (HVDs), Art Market Participants (AMPs), Letting Agents and Insolvency Practitioners are legally required to comply with relevant firms reporting obligations in the UK.
Since their announcement last November, OFSI has published a comprehensive package of guidance to support the affected sectors in navigating UK financial sanctions and the new reporting requirements:
15 migrant smugglers arrested in multi-stage operation
Europol
May 14, 2025
During an action day conducted in Belgium and Germany, coordinated by Europol, seven suspected members of an internationally operating smuggling network were arrested. One person was arrested in Germany, six in Belgium. This action follows previous hits against migrant smugglers conducted in Poland over the last months, which saw eight individuals arrested in total.
A race we cannot afford to lose: cybersecurity in an age of geopolitical tensions
DNB
May 14, 2025
‘To keep financial institutions and the financial system safe, resilience against cyberattacks has become just as important as holding sufficient capital and liquidity.’, said Steven Maijoor at the ISDA Annual General Meeting in Amsterdam today. In his speech he talked about the cyber threat against the financial industry, and market infrastructures in particular.