FINTRAIL produces a monthly summary of FinCrime regulatory changes and publications. This document covers:
Key updates from global and local regulators
Key updates from industry guidelines
Additional insights identified from financial intelligence units
October 2022
This month’s highlights include:
The Financial Action Task Force (FATF) plenary session was held in Paris this month. Myanmar was added to the FATF black list alongside Iran and North Korea. Democratic Republic of Congo, Tanzania and Mozambique were added to the grey list, while Pakistan and Nicaragua were removed.
As the war in Ukraine continues, more Russia-related sanctions have been imposed by the UK, US, EU, and others. The EU Commission has issued guidance on Russia service bans in updated FAQs on business services, and updated FAQs on asset freezes.
Transparency International has published a report entitled “Exporting Corruption 2022: Assessing Enforcement of the OECD Anti-Bribery Convention”.
What other publications and regulatory changes caught your eye in October? 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: contact@fintrail.com