Crypto REG-CAP: Summer 2022

The FINTRAIL team have compiled a round-up of the latest crypto regulatory developments across several jurisdictions to keep you in step with recent developments.

Summer 2022
Highlights from this summary include:

• The Financial Action Task Force (FATF) has published a targeted update on the implementation of its standards for virtual assets and virtual asset service providers - the third targeted review focusing on Recommendation 16, the so-called “Travel Rule”, which requires regulated institutions to obtain and exchange information on the beneficiaries and originators of virtual asset transfers over USD/EUR 1,000.

• The EU has announced an agreement on the Markets in Crypto Assets (MiCA) law, a comprehensive new framework for crypto-assets. The framework requires crypto firms to take action related to consumer protection, the environment, anti-money laundering, and other areas.

• In June 2022, the US Department of Justice released a report on strengthening international law enforcement cooperation for detecting, investigating, and prosecuting criminal activity related to digital assets.

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What other publications and regulatory changes caught your eye in July? 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

Global REG-CAP April 2022

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

April 2022
This month’s highlights include:

• FinCEN issued an advisory on kleptocracy and foreign public corruption. Given Russia’s increased threat, the advisory examined several typologies concerning foreign public corruption.

• The Financial Action Task Force published a report on the state of effectiveness and compliance with the FATF standards.

• The World Bank released a report examining how nominee services for shell companies are abused to conceal beneficial owners.

What other publications and regulatory changes caught your eye in April? 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

Europe Monthly REG-CAP May 2021

FINTRAIL is producing a monthly regulatory summary of any FinCrime changes that may be occurring in Europe and beyond.

This one pager will cover:

1. Key updates from global and local regulators

2. Key updates from industry guidelines

3. Additional insights identified from financial intelligence units

May 2021

This Reg-Cap summarises the main regulatory updates and reports released in May 2021.

What other regulations 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

FINTRAIL Monthly REG-CAP Nov 2020

FINTRAIL is producing a monthly regulatory summary of any FinCrime changes that may be occurring in Europe and beyond.

This one pager will cover:

1. Key updates from global and local regulators

2. Key updates from industry guidelines

3. Additional insights identified from financial intelligence units

November 2020

In November’s issue, we cover post-Brexit sanctions.

Other highlights include two important reports published by Europol.

What other regulations changes caught your eye in November?

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.co.uk