Europe
Six countries expose €10m crypto scam in AML currency ‘tracing’ probe
Law enforcement from Austria, France, Germany, Romania, Spain and Switzerland were involved in the investigation
Guernsey regulator highlights MONEYVAL inspection, Royal Court judgment in annual report
A central focus in 2023 was preparing for the Bailiwick’s MONEYVAL evaluation
European Central Bank cuts key deposit rate to 3.75%, now ‘set to hit’ pause button
Even though headline inflation has come down significantly, a cutting cycle is not expected to follow
Utmost Group upgrades to A+ financial strength by Fitch Ratings
The upgrade reflects the group’s strong financial strength and improved business risk profile
Indosuez WM creates a €200bn client assets group with Belgium wealth manager acquisition
This acquisition is ‘amongst the most significant transactions’ in the industry over past decade in Europe