HM Revenue & Customs just named an energy firm following a half-million pound Russia sanctions settlement. Here's what it means for compliance officers across the energy and finance sectors.

1️⃣ HM Revenue & Customs — Energy firm named after £500,000 Russia sanctions settlement
The agency has publicly identified a firm involved in a major breach of trade restrictions following a financial settlement.
This development serves as a warning to energy providers and financial institutions handling international trade flows involving restricted territories.
Firms must immediately review their sanctions screening protocols and supply chain due diligence to avoid similar enforcement actions and reputational damage.

2️⃣ European Commission — Ensuring fairness and safety: €3 customs duty for low-value parcels
Brussels is introducing a mandatory flat-rate customs duty for small packages arriving from outside the single market to close tax loopholes.
E-commerce platforms and logistics providers will face increased administrative burdens and potential price adjustments for consumers.
Stakeholders should prepare for new reporting requirements and integrated systems to manage the collection of these low-value duties effectively.

3️⃣ FINMA — FINMA concludes proceedings against Swiss Fund Management AG in liquidation
The Swiss regulator has finalized enforcement actions against a fund manager and consultancy for violations of licensing and investor protection rules.
Investment managers and fund administrators operating within Switzerland must ensure compliance with organizational requirements even during wind-down phases.
Compliance teams should audit their current licensing status and internal governance structures to ensure they meet strict transparency standards.

4️⃣ Department for Energy Security and Net Zero — UK Emissions Trading Scheme: ministerial directions
New ministerial directions have been issued to regulators to adjust the functioning and oversight of the domestic carbon market mechanism.
Heavy industry, power generators, and aviation operators must adapt their carbon accounting and trading strategies to align with these updated mandates.
Affected entities need to monitor the specific technical instructions from their respective regulators to maintain compliance with the revised scheme parameters.

5️⃣ Insurance and Private Pension Regulation and Supervision Authority (SEDDK) — New Measures Against Illegal Damage Tracking Announced by SEDDK
The Turkish insurance regulator has announced a crackdown on unauthorized third parties tracking insurance claims and damage assessments.
Insurance companies and loss adjusters operating in Turkey must tighten data security and vetting processes for external service providers.
Firms should update their legal frameworks for claims handling to ensure they do not facilitate or engage with illegal tracking entities.

Full analysis in the attached RegNext Daily Europe Radar carousel.

— Elena Navarro · Managing Editor, RegNext
Daily Europe Radar · Monday 29 Jun 2026
#EURegulation #UKRegulation #FinancialRegulation #ComplianceIntelligence