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Developments · monthly edition

August 2026

Verified changes in financial crime, sanctions and regulation across the EU, the UK and Switzerland. Every entry links to its primary source.

24 entries · 5 stories moved · 14 issuing bodies

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27Aug
UKenforcementSanctionsNew

Movement direction issued to the Russian-flagged cargo vessel SINEGORSK

On 27 August 2026 the Department for Transport and the Maritime and Coastguard Agency published an enforcement notice recording a movement direction to the Russian-flagged cargo vessel SINEGORSK under UK sanctions legislation.

Primary source: Department for Transport; Maritime and Coastguard Agency ↗
26Aug
EUregulatorySupervision & standards

EBA consults on draft RTS for operational risk management

The EBA is consulting on draft Regulatory Technical Standards for operational risk management under Article 323(2) CRR, as amended by CRR3.

Primary source: European Banking Authority ↗
26Aug
EUenforcementAML & financial crimeNew

EPPO reports five arrests in the 'Echo' VAT-fraud investigation

The EPPO in Munich reports five arrests in Czechia on suspicion of organising a VAT-fraud scheme involving wireless earbuds.

Primary source: European Public Prosecutor's Office ↗
26Aug
UKenforcementAML & financial crimeNew

FCA fines and bans two former Dolfin Financial staff; a third refers to the Upper Tribunal

The FCA has fined and banned two former staff of Dolfin Financial (UK) Limited: Denisz Nagy (GBP 324,800) and Sanjay Maraj (GBP 122,000).

Primary source: Financial Conduct Authority ↗
25Aug
EUregulatorySupervision & standards

EBA consults on revised RTS for reclassifying investment firms as credit institutions

The EBA is consulting on three draft Regulatory Technical Standards for reclassifying investment firms as credit institutions.

Primary source: European Banking Authority ↗
24Aug
USsanctionsSanctionsEscalated

OFAC determines that s.1(a)(i) of Executive Order 13902 applies to the aviation, digital-asset, gold, shipping and technology sectors of the Iranian economy

On 24 August 2026 OFAC determined that section 1(a)(i) of Executive Order 13902 applies to the aviation, digital asset, gold, shipping and technology sectors of the Iranian economy.

Primary source: US Treasury, Office of Foreign Assets Control ↗
21Aug
EUregulatoryCrypto & MiCA

ESMA refreshes the Interim MiCA Register

ESMA's MiCA page states that the Interim MiCA Register was last updated on 21 August 2026, with separate files for crypto-asset service providers, issuers of asset-referenced and e-money tokens, other white papers, and non-compliant entities.

Primary source: ESMA ↗ST-003ESMA's interim MiCA register, update by update
19Aug
SwitzerlandguidanceAML & financial crime

SECO replaces the Art. 21 money-transfer forms under the Iran Ordinance

On 19 August 2026 the EAER updated the forms for notifying and authorising money transfers under Article 21 of the Ordinance on Measures against the Islamic Republic of Iran, SECO records.

Primary source: SECO / EAER ↗
19Aug
UKenforcementAML & financial crimeNew

FCA fines and bans the former chief executive of SVS Securities

The FCA states that it has fined Demetrios Hadjigeorgiou GBP 56,400 and banned him from senior management functions in financial services in connection with his conduct as chief executive of SVS Securities Plc.

Primary source: Financial Conduct Authority ↗
18Aug
UKenforcementAML & financial crimeNew

FCA bans a former Beauforce Corporation senior manager

The FCA has banned Howard Roland Duckett, a former senior manager at Beauforce Corporation Limited, from working in financial services for lack of honesty and integrity.

Primary source: Financial Conduct Authority ↗
17Aug
SwitzerlandsanctionsSanctionsUpdated

SECO amends annexes 12, 13 and 14 of the Iran Ordinance

On 17 August 2026 the EAER amended annexes 12, 13 and 14 of the Ordinance on Measures against the Islamic Republic of Iran, SECO records.

Primary source: SECO / EAER ↗
15Aug
EUregulatoryAML & financial crime

AMLA's selection machinery starts moving — and the six-country gate counts passported activity, not premises

AMLA's run-up to choosing its first directly supervised entities is under way: a provisional list of eligible entities is expected by end-September 2026, selection in 2027 and direct supervision from 2028.

Primary source: AMLA ↗ST-002AMLA builds the EU's AML supervisory machinery
12Aug
UKenforcementAML & financial crimeNew

FCA fines and bans two Blue Horizon Asset Management executives over false beneficial-ownership statements

By Final Notices dated 12 August 2026, the FCA fined Paul Vincent Taylor GBP 489,000 and Esmeralda Toni GBP 121,200, and prohibited both from regulated activities.

Primary source: Financial Conduct Authority ↗
11Aug
UKenforcementSanctionsNew

OFSI imposes a GBP 4,732,830.58 monetary penalty on Citibank, N.A., London Branch for financial-sanctions breaches

On 11 August 2026 OFSI imposed a penalty of GBP 4,732,830·58 on Citibank, N.A., London Branch for breaches of UK Russia and Global Anti-Corruption sanctions, publishing the notice on 2 September 2026.

Primary source: HM Treasury, Office of Financial Sanctions Implementation ↗