login
login
Image header Agence Europe
Europe Daily Bulletin No. 13524
Contents Publication in full By article 10 / 34
ECONOMY - FINANCE - BUSINESS / Banks/finance

Unprecedented guidelines from European Banking Authority on banks’ compliance with EU financial sanctions

In line with the new rules to tackle money laundering and terrorist financing (Regulation 2023/1113), on Thursday 14 November the European Banking Authority (EBA) unveiled two sets of guidelines that financial institutions established in the European Union will have to apply from late 2025 in order to comply with the financial and economic sanctions that the EU has adopted against natural and legal persons from third countries.

“Weaknesses in internal policies, procedures and controls...

Contents

EUROPEAN PARLIAMENT PLENARY
ENVIRONMENT: European Parliament adopts position on a one-year postponement of deforestation regulation and adds a category of ‘no-risk’ countries to text
SECURITY: Sauli Niinistö and MEPs call for stronger EU defence to send a signal to Donald Trump
CLIMATE: against tense diplomatic backdrop, MEPs support EU’s commitment to COP29 in Azerbaijan
GEORGIA: MEPs offer their support to people of Georgia
RUSSIA: European Parliament calls for more targeted sanctions against Russia’s “shadow fleet”
MONEY LAUNDERING: European Parliament considers Russia should be included on list of high-risk third-country jurisdictions
TAXATION: European Parliament supports introduction of an electronic value added tax exemption certificate
REGIONS: European Parliament accepts urgent vote on ‘regional support to reconstruction’ package
ECONOMY - FINANCE - BUSINESS
COMPETITION: European Commission fines Meta €797.72 million
BANKS/FINANCE: unprecedented guidelines from European Banking Authority on banks’ compliance with EU financial sanctions
SECTORAL POLICIES
DIGITAL: European Commission publishes first draft of General-Purpose AI Code of Practice
DIGITAL: Booking.com now required to comply with strictest DMA rules
TRANSPORT: general approach to passenger rights emerges at EU Council
TRANSPORT: EU Member States plan policy debate on air passenger rights
ENERGY: ACER calls for proactive approach to further integrate electricity markets and strengthen connections
ENERGY: European Commission, EIB and Solar Impulse Foundation work together to boost SME energy efficiency
HEALTH: European Commission coordinates delivery of 122,300 vaccines against Mpox to Democratic Republic of Congo
INSTITUTIONAL
BUDGET: EU Council and Parliament meet for second conciliation committee on EU’s annual budget for 2025
SECURITY - DEFENCE
DEFENCE: European Commission approves five EDIRPA projects
EXTERNAL ACTION
ISRAEL: Josep Borrell proposes suspending political dialogue with Israel
COUNCIL OF EUROPE
COUNCIL OF EUROPE: Luxembourg takes over Presidency of Committee of Ministers of Council of Europe
BELARUS: creation of Council of Europe “Information Point” for Belarusian People in Vilnius
BREACHES OF EU LAW
TAXATION: European Commission takes Germany to Court over discriminatory tax treatment of capital gains in property sector
ENVIRONMENT: European Commission refers Bulgaria and Romania to CJEU for incomplete compliance with Urban Wastewater Treatment Directive
COURT OF JUSTICE OF THE EU
ENVIRONMENT/BIODIVERSITY: Germany and Bulgaria convicted of breaching EU law
NEWS BRIEFS
BANKS: methodology and timetable for 2025 banking stress test unveiled
DEFENCE: EU and Moldova discuss deepening their security and defence relations
ECONOMY: favourable opinion from European Commission on payment to Ukraine of an aid instalment of €4.1 billion
ECONOMY: growth of 0.4% in third quarter in euro area
ENVIRONMENT: EU plastic bag use drops by 4.7 billion in 2022, Eurostat reports
FINANCE: EU Listing Act legislative package published in EU Official Journal
HAITI: EU “takes note” of appointment of Alix Didier Fils-Aimé as Prime Minister
INNOVATION: Turin wins European Innovation Capital award
MAURITIUS: EU congratulates new Prime Minister, Navinchandra Ramgoolam, hailing peaceful elections