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
May 2022
This month’s highlights include:
The Wolfsberg Group published FAQs on Negative News Screening, examining considerations for financial institutions as part of a documented risk-based approach to AML/CTF.
The Tax Justice Network released the 2022 Financial Secrecy Index, looking at twenty key financial secrecy indicators.
The US Treasury issues its first-ever sanctions on a virtual currency mixer.
What other publications and regulatory changes caught your eye in May? 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