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
December 2023
This month’s highlights include:
The Financial Action Task Force (FATF) has published a table of consolidated assessment ratings - an up-to-date overview of the ratings that countries assessed by FATF have obtained for effectiveness and technical compliance.
The International Monetary Fund (IMF) has issued a 2023 review of its AML/CTF Strategy looking at financial integrity issues including money laundering, terrorist finding and proliferation financing and key lessons identified since the strategy was adopted in 2018.
The European Parliament and Council of the EU have reached an agreement on the scope and legal basis of operation of the new European Anti-Money Laundering Authority (AMLA)
The UK Government and some of the world’s biggest tech companies have agreed a series of pledges to protect the public from online fraud in an agreement called the ‘Online Fraud Charter’.
The Netherlands have loosened the requirements on firms on how they monitor PEP customers.
What other publications and regulatory changes caught your eye in December? 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