Europe Monthly REG-CAP August 2021

FINTRAIL is producing a monthly regulatory summary of any FinCrime changes that may be occurring in Europe and beyond.

This one pager will cover:

  1. Key updates from global and local regulators

  2. Key updates from industry guidelines

  3. Additional insights identified from financial intelligence units

August 2021

This months highlights include

  • The EBA launched a public consultation on new Guidelines on the role, tasks and responsibilities of anti-money laundering and countering the financing of terrorism compliance officers.

  • The consolidated assessment ratings, which were last updated on 30th August 2021, provides an up-to-date overview of the ratings that assessed countries obtained for effectiveness and technical compliance when implementing the FATF recommendations.

  • The Office of Foreign Assets Control (OFAC) has published this technical notice​ ​for users of its website and sanctions list data files, regarding the annual renewal of the public certificate securing www.treasury.gov website, including OFAC sanctions list downloads.

  • The FCA has published a reminder to firms about the potential financial crime risks linked to Afghanistan and the continuing need for robust systems and controls that respond to changing risks.

What other regulations changes caught your eye in August?

If you are interested in speaking to the FINTRAIL team about any of the items in the REG-CAP, have any ideas for inclusion or want to discuss any other financial crime topic please get in touch at: contact@fintrail.com