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Midweek Roundup: UK Legal Challenges Threaten Enforcement, Russian Bank Accepts Rupees, and More

Three successful legal challenges against penalties issued by the U.K. Financial Conduct Authority will probably prompt the regulator to rethink its enforcement strategy, according to an op-ed published in the Financial Times. More Russian lender VTB Bank will allow customers to transact in Indian rupees to help exporters recover funds trapped in India as a result of Western sanctions, Reuters reported. More German lawmakers unveiled plans to breathe new life into their country’s financial intelligence unit and repair the agency’s relationship with law enforcement, ACAMS moneylaundering.com reported. More A federal judge in Brooklyn paused sentencing for several suspects convicted for...

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