ECB to include climate change considerations in Eurosystem’s monetary policy framework; Lagarde says decision is turning climate change commitments to ‘real action’

Regulatory Watch News

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  FinCEN Reminds Financial Institutions to Remain Vigilant to Environmental Crimes

  FinCEN

  April 22, 2024

  WASHINGTON—As the nation reflects on the many ways to protect our environment this Earth Day, the Financial Crimes Enforcement Network (FinCEN) reminds financial institutions to remain vigilant in identifying and reporting suspicious activity related to environmental crimes. Environmental crimes frequently involve transnational criminal activity related to several of FinCEN’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) National Priorities, including corruption, fraud, human trafficking, and drug trafficking.

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  Email Alert – Phishing emails related to Hang Seng Bank, Limited

  HKMA

  April 22, 2024

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Hang Seng Bank, Limited relating to phishing emails, which have been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.

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  European Police Chiefs call for industry and governments to take action against end-to-end encryption roll-out

  Europol

  April 22, 2024

  European Police Chiefs are calling for industry and governments to take urgent action to ensure public safety across social media platforms.

  Privacy measures currently being rolled out, such as end-to-end encryption, will stop tech companies from seeing any offending that occurs on their platforms. It will also stop law enforcement’s ability to obtain and use this evidence in investigations to prevent and prosecute the most serious crimes such as child sexual abuse, human trafficking, drug smuggling, homicides, economic crime and terrorism offences.