Berlin-based challenger bank N26 has found itself in more regulatory hot water after German regulator BaFin ordered it to tighten up its anti-money laundering controls following a number of recent...
Authorities in the Vatican have given a rare glimpse into the finances and money laundering controls at the Holy See’s bank, one of the world’s most secretive financial institutions.
In a first-of-its-kind strike against money laundering using cryptocurrency, law enforcement agencies have taken down a major mixing service that helped disguise the origin of funds worth millions...
The global march of China’s digital payments leviathans has hit a snag in Nepal, where the central bank has banned the use of Alipay and WeChat Pay.
The UK’s top consumer rights watchdog has issued a list of demands to banks and regulators over spiralling payment fraud just days before a voluntary industry reimbursement code is set to be...
A firm in Lithuania has become the first to be fined by the fintech hub for reaping too much customer data while carrying out payment initiation, highlighting the risk of collision between data...
Amid continued efforts to combat money laundering in the United States, officials are keeping their crosshairs on the use of shell companies to facilitate financial crimes and urging stricter...
Authorities in Europe appear to be inching closer to a compromise on incoming strong authentication rules, following sustained warnings the reforms cannot be met in time for September’s deadline.
India has confirmed that non-banks will be able to use the national identity database Aadhaar for their know your customer (KYC) requirements, ticking one goal off a list before an even more...
Scams offering fake investments in cryptocurrencies and currency conversion have spiralled in the UK, authorities have revealed, in a development that could add bite to forthcoming proposals to...
The Philippines is open for business for fintech firms, the country’s central bank and payments regulator has told PaymentsCompliance, as authorities pursue a vigorous financial inclusion drive.
As Canada inches closer to establishing an open banking framework, industry insiders say clarity is needed around where liability sits in the value chain and what the role of government authorities...
UK lawmakers have suggested that the Financial Conduct Authority (FCA) could play a greater role in sanctions implementation, as legislators bring greater pressure to introduce a Magnitsky-style...
Australian acquiring banks have been put on notice by the country’s central bank over least-cost transaction routing as payment methods evolve, insisting that progress must not be stalled.
Less than a month before the close of Nevada’s 2019 legislative session, lawmakers continue to discuss several blockchain-focused bills introduced by Republican Senator Ben Kieckhefer that aim to...
A gang of international cybercriminals that used a network of malware-infected computers and money mule accounts to attempt the theft of $100m from thousands of victims has been indicted by a U.S....

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