Euro Area Annual Inflation Rises to 3.2% in May 2026
Eurostat reports that the euro area annual inflation rate rose to 3.2% in May 2026, up from 3.0% in April. The EU annual inflation rate increased to 3.3%. Services and energy were the main contributors to the rise.
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DPRK: Council adds three individuals and four entities to EU sanctions lists
The Council has added three individuals and four entities to the EU's sanctions lists concerning the Democratic People's Republic of Korea (DPRK), citing the country's nuclear and ballistic missile programmes and the listed parties' ties with Russia. The designations trigger asset freezes and travel bans, requiring EU operators to update screening, due diligence and transaction monitoring controls.
12 Oct 2026
EU Agrees Largest-Ever Sanctions Listings Package Targeting Russia's Military-Industrial Complex
The Council of the EU has agreed its largest-ever package of sanctions listings, targeting almost 1,600 individuals and entities linked to Russia's military-industrial complex. The designations expand the EU's restrictive measures framework and require financial institutions and corporates to refresh screening lists and reassess exposure to newly listed parties.
12 Oct 2026
Council updates the EU list of non-cooperative jurisdictions for tax purposes
The Council has removed Panama and Viet Nam from Annex I of the EU list of non-cooperative jurisdictions for tax purposes, moving them to Annex II pending further reviews. Belize has also been removed from Annex II. The main list now contains eight jurisdictions. Financial institutions should review jurisdictional tax-risk assessments and applicable national defensive measures.
09 Oct 2026

