The UK government announces that it will opt in to amendments to the 4th Anti-Money Laundering Directive; a Florida district court dismisses racketeering charges against a payments processor...
Dutch regulators are set to fortify their implementation of the 4th Anti-Money Laundering Directive (4th AMLD) with extra fines for breaking the rules, despite broad plans for a simple transposition.
European Parliament research has said a “one-size-fits-all” approach to anti-money laundering (AML) enforcement and prosecution is ineffective in cutting out illicit activity.
UK government proposals to “crack down” on money laundering by establishing a new supervisory authority must not lose sight of current regulatory gaps in the financial sector, industry insiders...
UK authorities have vowed to “streamline” guidance to the financial sector on meeting anti-money laundering requirements, a move to reduce compliance costs and discourage banks from denying...
The UK government has set out its plans for implementing the 4th Anti-Money Laundering Directive (4th AMLD), indicating that it intends to meet the June 26 deadline despite concerns about future...
Ireland’s government is hoping to put forward a bill to transpose the 4th Anti-Money Laundering Directive (4th AMLD) in May or June, despite fears reform could be disrupted by pending amendments.
A European Commission official has said incoming rules around electronic identification schemes present a “huge opportunity” to the payments sector, easing the compliance burden for cross-border...
Industry insiders have urged German lawmakers to rethink “nonsensical” proposals that would require retailers distributing e-money products to carry out customer identity checks.
The European Parliament has finally agreed its position on amendments to the 4th Anti-Money Laundering Directive (4th AMLD) that will tighten rules around anonymous prepaid cards and virtual...
Financial crime experts have said authorities must share information with banks and payments firms about high-risk customers, arguing current transaction monitoring processes are ineffective and...
Three influential EU regulators have accused nefarious financial institutions of exploiting passporting rights to launder funds, singling out payment services as having inadequate compliance controls.
Payments firms “passporting” services across Europe have been urged by experts to “wake up” to new draft anti-money laundering rules that may require them to have a physical presence in every...
European lawmakers push back the 4th AMLD vote; UK super-lobby picks Merrill Lynch veteran as chairman; U.S. firms face probes on security, competition and money laundering; and Australian banks...
Online retailers fear that amendments to the 4th Anti-Money Laundering Directive (4th AMLD), currently under discussion at EU level, pose a significant threat to the sector if approved.
A UK payments industry body has said continued dialogue between the financial sector and European regulators is essential in ensuring stability as Britain leaves the EU.
Legal experts are concerned that European Parliament proposals to extend anti-money laundering laws could mean payment system operators, commercial agents and other firms are inadvertently brought...
The EU now hopes that amendments to major anti-money laundering reforms will be finalised by June this year, after the European Parliament further delayed its vote on the proposals.
A global watchdog has rebuked Hungary for its lax approach to tackling financial crime, in criticism some observers believe could have an impact on the country’s transposition of impending European...
The U.S. payments industry is bracing itself for regulatory changes following the inauguration of Donald Trump as the new President; cash point fees are being disputed in the UK following a surge...

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