2011 ECI Regulation

The 2011 ECI (Economic Crime and Intelligence) Regulation set rules for how financial institutions and authorities detect, prevent, and respond to economic crimes such as fraud, money laundering, and terrorist financing. It established standards for reporting suspicious activities, sharing intelligence securely, and implementing risk assessments. The goal was to strengthen the overall financial system's integrity by promoting transparency, accountability, and coordinated efforts among regulators, law enforcement, and businesses involved in financial services. Ultimately, it aimed to reduce economic crime risks and enhance the effectiveness of financial crime prevention measures across jurisdictions.