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...
Reputational risk could pose a regulatory threat to payment providers, legal experts have warned, after multiple firms took steps to disassociate themselves from political tensions in the U.S.
UK regulator says GDPR is a "boardroom-level" issue; Germany issues video KYC reforms; the United States and Saudi Arabia sign an "historic" agreement to combat terrorism financing; Estonia's e...
The U.S. Treasury has blacklisted two money service businesses and a financier for helping Islamic State move money in the first case such sanctions have been used against the global terror group.
Countries grappling with the withdrawal of correspondent banking relationships must work to improve their anti-money laundering and counter-terrorist financing regimes, a U.S. Treasury boss has...
UK financial firms have been advised to check whether their payments operations have been interrupted by the blacklisting of a Canadian payments processor, as the reverberations of the 20-year...
U.S. regulators have blacklisted and launched criminal action against a Canadian payments processor accused of laundering millions of dollars from around the world for conmen for more than 20 years.
U.S. regulators are trying to assuage banks’ concerns over anti-money laundering enforcement, following complaints that global financial institutions are continuing to cut ties with foreign partners.
U.S. regulators' $35m (£27m) enforcement action against a credit card issuer in Nebraska is being cited as evidence of tough policing of the sector, with authorities even targeting third-party...
A U.S. bill seeking to break the stalemate between regulators, banks and remitters has passed its first legal hurdle, giving hope that a pilot program for transfers to Somalia could be established.

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