The Home Office just outlawed support for the IRGC. Here's what it means for firms managing foreign state proxy risks.
1️⃣ Home Office — Support for IRGC outlawed in crackdown on foreign state proxies
The UK government has formally issued a statutory order making it a criminal offense to support, assist, or facilitate activities associated with the Islamic Revolutionary Guard Corps under the National Security Act 2026.
This development carries implications for any entities or individuals providing services to designated foreign state threats or proxies within the United Kingdom.
Compliance officers must immediately review their client associations and internal controls to ensure adherence to the new immediate criminal liability standards for foreign state-linked activities.
2️⃣ De Nederlandsche Bank (DNB) — Administrative fine imposed on CCV for inadequate customer due diligence
The Dutch central bank has finalized a enforcement decision against the payment institution CCV for failing to maintain adequate compliance with the Anti-Money Laundering and Anti-Terrorist Financing Act.
The action specifically targets payment service providers that have demonstrated systemic weaknesses in their mandatory customer due diligence and ongoing transaction monitoring processes.
Regulated payment firms across the Netherlands should use this high-profile penalty as a prompt to audit their own Wwft compliance frameworks to avoid similar administrative sanctions.
3️⃣ European Banking Authority (EBA) — EBA Taxonomy Package Release 4.3
The EBA released an extensive new technical standard package that introduces updated XBRL reporting requirements covering climate-related disclosures, ICT risk management, and crypto-asset activities.
Credit institutions and investment firms operating within the European Union jurisdiction must update their internal reporting systems to handle the new ESRS, DORA, and MiCA data fields correctly.
Information technology and regulatory reporting teams should begin testing system compatibility with the Release 4.3 taxonomy to meet upcoming digital operational resilience and environmental reporting deadlines.
4️⃣ HM Treasury — Chancellor to unlock billions in finance for small businesses
The UK Treasury has announced an expansion of the Growth Guarantee Scheme, which includes increasing the eligibility turnover cap to fifty-four million pounds and extending maximum loan terms to ten years.
This change benefits a much wider range of small and medium-sized enterprises seeking capital by broadening the scope and accessibility of government-backed lending facilities.
Small business owners, financial advisors, and commercial lenders should check revised eligibility criteria immediately to leverage these extended loan terms for long-term strategic growth and investment projects.
5️⃣ Malta Financial Services Authority (MFSA) — Everest Network Ltd. Settlement Agreement
The MFSA has entered into a formal settlement agreement with Everest Network Ltd following the company’s failure to obtain proper shareholding approvals and its repeated missing of regulatory filing deadlines.
This enforcement action hits Virtual Financial Asset service providers and other digital asset entities that neglect strict administrative governance, filing timelines, and ownership transparency requirements.
All digital asset firms operating in Malta must ensure that any changes in their shareholding structures are pre-approved by the regulator to prevent the imposition of costly administrative penalties.
Full analysis in the attached RegNext Daily Europe Radar carousel.
— Elena Navarro · Managing Editor, RegNext
Daily Europe Radar · Monday 13 Jul 2026
#EURegulation #UKRegulation #FinancialRegulation #ComplianceIntelligence
