Europol has made further efforts to thwart the use of money mules by criminal enterprises, making 228 arrests in its latest spate of action against a practice relied upon by money launderers.
Anti-money laundering (AML) compliance across dozens of financial institutions in Australia has come under the microscope in the wake of the financial crime regulator’s sprawling order against...
In response to calls from the banking industry, U.S. regulators have eased reporting requirements for banks servicing client businesses involved in hemp, the low-THC strain of cannabis used for...
Lithuania’s banking regulator will attempt to drive European-level reforms to the way customer funds are safeguarded by e-money and payment institutions.
European payments firms look set to spend much of next year’s strong authentication grace period devising ways of implementing one-time passwords via SMS, even as they acknowledge that such...
China is pushing ahead with efforts to popularise electronic means of payment, introducing more rigorous supervision, as well as looking to make the system more accessible for foreigners.
An Ethereum Foundation employee has been arrested by U.S. authorities for allegedly teaching attendees of a conference in North Korea how to use cryptocurrency and blockchain technology to evade...
A boom in payments infrastructure in Nigeria has laid the groundwork for the country to emulate the rise of mobile betting in Kenya — although market experts warn that a matching regulatory...
Two investigations into possible breaches of the UK’s money laundering regulations are underway at electronic money institutions, PaymentsCompliance can reveal.
Australia’s central bank is considering a ban on buy now, pay later (BNPL) providers preventing retailers from surcharging customers, as it sketches the outline of a major review of the country’s...
Six European countries have announced they are joining the INSTEX payments instrument facilitating trade with Iran, widening the total number of participants to nine.
German lawmakers are set to approve a new regulatory framework for crypto-asset firms, handing a boost to the nascent sector by dropping earlier plans over business segregation and capital...
Senior members of OneCoin, the alleged $4bn Ponzi scheme based on a non-existent cryptocurrency, recently obtained permission to operate virtual currency exchanges and provide digital wallets in...
UK banks have agreed to fund reimbursement for fraud victims for an additional three months, although consumer groups have labelled the measure a “stopgap” and called for regulatory intervention.
Swedish corporate bank SEB has admitted that more than €25bn flowed through the accounts of offshore customers of its Estonian branch who would not have met “today’s standards” on money laundering,...
Few are prepared to venture a guess of the size of the contract to be awarded by the UK’s top payment systems operator, Pay.UK, to supply the engine of the country’s new retail payment system — but...

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