Turkey has been told to urgently address “serious shortcomings” in its anti-money laundering (AML) and counter-terrorist financing (CTF) framework.
Authorised payment service providers established in three or more EU member states will be subject to supervision by a club of regulators from each jurisdiction, under new guidelines that come into...
PayPal Inc. has filed a lawsuit against the U.S. Consumer Financial Protection Bureau (CFPB) over customer disclosure requirements included in the consumer watchdog's rules covering prepaid...
Sweden’s central bank has launched a project to begin testing a central bank digital currency (CBDC), as it presses ahead with exploration of an e-krona.
The Norwegian gambling regulator has confirmed that new powers to prevent overseas-based online gambling sites from accepting payments in Norway will come into effect on January 1, 2020.
Tighter EU controls on card security are already pushing fraud into other areas, with scammers targeting mobile authentication apps and “global wallet” payment instruments, new research has shown.
Six months after U.S. financial regulators issued clarification on reporting requirements for cryptocurrency providers, the industry appears to have received the message loud and clear, with the...
The Bank of Lithuania has launched a pilot to test automatic regulatory reporting by firms to replace “time-consuming” and costly manual filing.  
A consortium of U.S. retail associations and debit networks have accused Visa and Mastercard of using EMVCo standards as a vehicle for restricting competition and protecting revenue despite...
The Financial Conduct Authority has said payment service providers must act quickly to push merchants into compliance with EU rules on strong customer authentication (SCA) for online card payments.
The Financial Conduct Authority (FCA) has ordered e-money institution One Stop Money Manager Limited and payment institution Merchant Optimisation Services Limited to stop operating.
The EU is set to introduce a new sanctions regime targeting perpetrators of human rights violations, after Hungarian officials agreed to drop their veto on the proposed reforms.
Canadian officials have issued a warning to financial institutions to be on the lookout for attempts to launder money using bank drafts at casinos, a vector growing in popularity after law...
A senior official at Malaysia’s central bank believes e-wallet operators may be ready to give traditional institutions “a run for their money” and establish a foothold in the country’s bank...
U.S. federal regulators have said banks and credit unions are expected to be the main beneficiaries of proposals to relax several aspects of the country’s so-called Remittance Rule.
Estonia’s parliament is on the cusp of passing legal amendments to overhaul a light-touch cryptocurrency licensing regime that has led to 2,335 authorisations being handed out over just two years.

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