FINTRAIL is producing a monthly regulatory summary of any FinCrime changes that may be occurring in Europe and beyond.
This one pager will cover:
Key updates from global and local regulators
Key updates from industry guidelines
Additional insights identified from financial intelligence units
January 2022
This month’s highlights include:
The European Banking Authority (EBA) launched the central database, the European Report System for material CFT/AML weaknesses (EuReCa)
Europol published a report on the criminal use of cryptocurrencies, dispelling certain prevailing myths and misunderstandings through case studies and analysis
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) introduce a set of additional measures to bolster the security of digital banking
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