UK payment service providers could face new laws designed to combat illicit political donations after lawmakers grilled PayPal over its approach to handling payments to local political parties...
The European Banking Authority (EBA) has called for new legislation after finding fintechs passporting across member states are held back by fragmented regulatory oversight, including rules on...
The German Ministry of Finance has said that the requirements for agents of foreign payment companies may need to be tightened, as it called for improvements in the sector’s filing of suspicious...
As liquidation of the scandal-ridden Estonian branch of Danske Bank begins, legal experts believe there is still a gap between authorities’ strong words on financial crime and the steps taken to...
Australian payments and customer authentication provider iSignthis is under the microscope of the country’s stock exchange over its business with the cryptocurrency, foreign exchange and binary...
Payment providers operating in Italy could be forced to block transactions with unlicensed gambling operators on pain of fines of up to €1.3m, according to a leaked draft law.
Cross-border investigations triggered by suspicious transaction reports from European financial institutions could be crippled by advice that the system used to share the filings is illegal.
Financial institutions headquartered in Europe but operating elsewhere face “significant” consequences if they do not identify conflicts between EU laws on anti-money laundering (AML) and those in...
The European Commission will prioritise making future anti-money laundering rules directly applicable in all member states, after widespread failures at national level to introduce reforms fully...
Ireland’s central bank has urged financial institutions not to put “blind faith” in automated systems that are widely used to conduct transaction monitoring.
The European Commission has put reform of how it assembles its list of high-risk third countries at the top of its agenda as a fresh legislature returned to Brussels to confront issues of financial...
The European Commission’s plans to change EU anti-money laundering rules from directives into regulations will not solve the underlying problem of lacklustre supervision, legal experts have said.
The European Commission has thrown its weight behind a move to make EU anti-money laundering (AML) regulation directly applicable in member state law as it lashed member states for fumbling...
From September, European firms will need to tread even more carefully around their operations in third countries when it comes to anti-money laundering (AML) — but idiosyncratic data protection...
Firms in Malta continue to under-report suspect transactions, the country’s financial investigators have said, despite a doubling in the number of suspicious transaction reports received over the...
UK e-money firms have raised “serious concerns” about incoming restrictions on anonymous prepaid cards issued outside the EU, warning the government over the compliance burden that will fall on the...
The EU’s top payments regulator has stepped into a row between member states over supervision of firms passporting across national borders, taking a relatively tough stance on the controversial...
The UK has opened consultations on its approach to EU-wide anti-money laundering reforms, restating its plans to regulate a wider range of crypto-asset activities and tighten controls on e-money...
There were no prosecutions under the UK’s Money Laundering Regulations for more than a year after the transposition of recent European legislation, government statistics reveal.
Authorities in Lithuania have established a specialist division to oversee e-money and payments businesses and introduced spruced-up reporting requirements following a bruising review of its money...

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