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
February 2024
This month’s highlights include:
The Financial Action Task Force (FATF) released its 2022-2023 annual report which sets outs the achievement of the FATF in delivering on its mandate and strategic priorities.
EU member countries have agreed on a 13th round of sanctions against Russia, which for the first time target companies in mainland China suspected of helping the Kremlin.
The Financial Conduct Authority (FCA) has released its three year strategy for reducing and preventing financial crime. The strategy focuses on four key areas including fraud, sanctions evasion, money laundering and terrorist financing.
The Central Bank of Ireland (CBI) has published a Regulatory and Supervisory Outlook Report outlining its priorities for the next two years which includes a spotlight on financial crime.
The US Department of the Treasury released its 2024 national risk assessment covering money laundering, terrorist financing and proliferation financing.
What other publications and regulatory changes caught your eye in February? If you are interested in speaking to the FINTRAIL team about any of the items in the RegCap, have any ideas for inclusion, or want to discuss any other financial crime topic, please get in touch: contact@fintrail.com