Industry news

EU imposes the first ever sanctions against cyber-attacks

The Council today decided to impose restrictive measures against six individuals and three entities responsible for or involved in various cyber-attacks. These include the attempted cyber-attack against the OPCW (Organisation for the Prohibition of Chemical Weapons) and those publicly known as ‘WannaCry’, ‘NotPetya’, and ‘Operation Cloud Hopper’.

Industry news

FCA launches enhanced Financial Services Register to protect consumers

The FCA has today launched its updated Financial Services (FS) Register – including a simpler design and clearer language.
The redesign aims to help consumers protect themselves from harm and will provide a better experience for the Register’s users.
The Register – which had more than 7 million unique users in the past year – is a vital service for anyone that wants to see firms and approved individuals that are involved with regulated activities.

Industry news

FATF Report to G20 on So-called Stablecoins

So-called stablecoins have the potential to spur financial innovation and efficiency and improve financial inclusion. While so-called stablecoins have so far only been adopted on a small-scale, new proposals have the potential to be mass-adopted on a global scale, particularly where they are sponsored by large technology, telecommunications or financial firms.