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
September 2022
This month’s highlights include:
The Basel Institute on Governance has issued the Basel AML Index 2022, an independent ranking that assesses countries’ ML/TF risks and capacity to counter them. The Index shows no real progress is being made in countering ML/TF risks.
More Russia-related sanctions have been imposed by the UK, US, EU, and others. Notably, the UK implemented further services sanctions and export bans on IT consultancy services, architectural services, engineering services and more.
The Financial Action Task Force (FATF) and INTERPOL have launched the FATF-INTERPOL Roundtable Engagement event.
What other publications and regulatory changes caught your eye in September? 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