FINTRAIL produces a monthly summary of FinCrime regulatory changes and publications. This one pager covers:
Key updates from global and local regulators
Key updates from industry guidelines
Additional insights identified from financial intelligence units
February 2022
This month’s highlights include:
Global sanctions against Russia following the invasion of Ukraine, imposed against senior Russian officials and oligarchs, the central bank and sovereign wealth fund, state-owned companies, and certain financial institutions, and a ban on some banks from using SWIFT.
The Suisse Secrets: leaked banking data from Credit Suisse, one of the world’s biggest private banks, and published by the Organized Crime and Corruption Reporting Project (OCCRP)
The UK Government released the draft Economic Crime (Transparency and Enforcement) Bill, which aims to identify and prevent foreign owners from laundering illicit funds through UK assets.
What other publications and regulatory changes caught your eye in January? 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