NEWS: Brazil’s AML and counter terror processes are panned in FATF report

Regulatory Watch News

• 

  A smarter regulator, supporting growth, helping consumers and fighting financial crime

  Financial Conduct Authority

  April 8, 2025

  To help consumers navigate their financial lives, the FCA will create a new regulatory framework, so people have access to the help, guidance and advice they need, to make informed decisions, at a cost they can afford. Buy Now Pay Later (BNPL) products will also be brought under the FCA's regulatory regime. This will help ensure that those who find BNPL helpful can still benefit from it, firms can innovate and grow, and consumers are appropriately protected. As part of fighting financial crime and working smarter, the FCA will build a new data-led detection capability to increase identification of financial crime and take action to tackle it.

• 

  GRECO high-level delegation urges swift action to strengthen corruption prevention and integrity frameworks within Parliament, central government and the police

  GRECO

  April 8, 2025

  In  meetings in Copenhagen on 7 April, the Council of Europe’s Group of States against Corruption (GRECO) called on Denmark to fully implement GRECO’s recommendations to prevent corruption and strengthen integrity within the Parliament, the central government (persons with top executive functions) and the police force. This high-level visit followed the finding by GRECO in December 2023 that Denmark had not demonstrated sufficient progress in the implementation of the recommendations addressed to the country under its Fifth Evaluation Round, triggering the application of GRECO’s non-compliance procedure.

• 

  SEC Announces Agenda, Panelists for Roundtable on Crypto Trading

  SEC

  April 7, 2025

  Washington D.C., April 7, 2025 —

  The Securities and Exchange Commission’s Crypto Task Force has announced the agenda and panelists for its April 11 roundtable, “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading.” “Hearing the public’s concerns and suggestions helps the SEC create a clear, sensible, and fair path forward for the crypto industry,” said Commissioner Hester M. Peirce, leader of the Crypto Task Force. “I look forward to this roundtable and the rest of the series as we move toward crypto clarity for the benefit of the American public.”