A former official with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) is confident the casino industry understands the obligations of preventing money laundering,...
Last-minute talks are continuing between international financial messaging service SWIFT and the U.S. Treasury as the looming re-imposition of sanctions lifted under the Iran nuclear deal raise the...
Attempts to introduce a new federal U.S. licensing regime for fintechs applicable across all 50 states will face a fresh legal challenge from a high-profile group of state-level regulators, after...
Conspicuous by its absence in the U.S. Treasury’s recent report on fintech, virtual currency will be the sole subject of an upcoming paper being developed by a working group of U.S. regulators...
A U.S. Treasury official has said legal reforms aimed at helping money transfer firms affected by de-risking are highly unlikely, despite legislative efforts in Europe to tackle the issue.
Leaving open banking data standards in the U.S. to the whims of the private sector could leave consumers exposed to malicious practice with no recourse, experts have said.
U.S. financial watchdogs have quelled industry concerns that agencies use non-binding rules to fuel enforcement action, downplaying the legal weight of supervisory guidance they issue.
Although U.S. federal authorities have received industry praise for espousing a hands-off approach to open banking, signs are emerging that consumers may prefer lawmakers and regulators to play a...
The U.S. government is eager to progress the development of a ubiquitous faster payments system, ensuring small banks are not left in the dust.
U.S. authorities have taken credit for initiating Latvia’s overhaul of its approach to financial crime, claiming the success of the American sanctions regime against Russia. 
With the U.S. Treasury throwing its weight behind the development of open banking, industry figures have pressed authorities to allow for organic market growth rather than force innovation by...
The regulatory evolution of fintech in the U.S. got a push forward yesterday as the Treasury declared the need for deeper engagement with open banking and the Office of the Comptroller of the...
Freshly expanded sanctions against North Korea look set to drive de-risking by banks, as foreign entities now run the risk of losing access to the entire U.S. financial market.
The U.S. Senate has voted to repeal the Consumer Financial Protection Bureau’s controversial arbitration rule, ending months of legal and legislative wrangling on both sides.
Financial authorities have been urged to improve their understanding of compliance-focused technology, or regtech, to dissolve entry barriers for innovative firms.
On October 13, 2017, a report on the fundamental elements for effective assessment of cybersecurity in the financial sector was published after the meeting of the G7 ministers of finance and...

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