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
April 2022
This month’s highlights include:
FinCEN issued an advisory on kleptocracy and foreign public corruption. Given Russia’s increased threat, the advisory examined several typologies concerning foreign public corruption.
The Financial Action Task Force published a report on the state of effectiveness and compliance with the FATF standards.
The World Bank released a report examining how nominee services for shell companies are abused to conceal beneficial owners.
What other publications and regulatory changes caught your eye in April? 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