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
August 2022
This month’s highlights include:
The Wolfsberg Group has published a paper on Requests For Information (RFIs) in the anti-money laundering transaction monitoring process, outlining the responsibilities of both the correspondent bank and respondent bank.
INTERPOL has launched a global awareness campaign on money mules through its Financial Crime and Anti-Corruption Centre (IFCACC).
As the war in Ukraine continues, more Russia-related sanctions have been imposed by the UK, US, EU, and others.
What other publications and regulatory changes caught your eye in August? 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