Payments firms in the Netherlands have gained more time to prepare for new requirements around illegal online gambling, after lawmakers declared a six-month delay to the introduction of the Remote...
Australian bank Westpac is facing the prospect of hundreds of billions of dollars in fines as it stands accused of allowing correspondent banking transactions to go through without the required due...
Regulators must be wary of the risks posed by banks providing account access to unregulated fintechs as open banking models take shape, an influential group of central banks has warned.
A post-mortem on TSB’s high-profile IT meltdown last year has excoriated the bank for acting “without sufficient considerations of the risks” when transferring operations to a new system, leading...
U.S. officials are cracking down on enforcing regulations requiring cryptocurrency service providers registered as money services businesses to identify the senders and recipients of digital...
The UK’s Financial Conduct Authority (FCA) will launch consultations on an “open finance” framework later this year, as the regulator looks to extend open banking beyond only payment accounts.
The Australian stock market regulator has pressed the embattled payment services and regtech provider iSignthis over its onboarding of unlicensed online trading platforms as clients.
German lawmakers are standing by plans to force Apple to open access to its payments infrastructure to other providers, despite fierce resistance from the Silicon Valley giant.
Visa and Mastercard are under investigation by federal U.S. antitrust regulators for potential violations of laws giving retailers choice over debit network routing.
Swedish authorities are plotting further improvements to the country’s anti-money laundering (AML) regime, doubling down on weaknesses exposed by recent Baltic scandals and bulking up the country’s...
A jilted bidder for Experian’s corporate payments business has told the UK competition watchdog that it should have won the deal instead of Bottomline Technologies.
The UK’s top payment system operator has rejected banks’ proposals for a 2.9p transaction levy on fund transfers to fund payouts for consumer fraud losses, claiming there is insufficient wider...
Danish regulators have instructed Handelsbanken, one of the largest banking groups in the Nordics, to bolster its defences against money laundering and terrorist financing after an on-site...
As the UK’s first open banking offerings start to gain consumer traction, fraudsters are already beginning to move into the space — pressuring banks to find out new ways of stopping them.
Singapore’s financial regulator has called for fintechs to focus on interoperable solutions, urging financial inclusion efforts to focus on effective products rather than just broader access.
U.S. officials have extradited a Russian national accused of selling stolen credit card data, with authorities alleging that he exploited virtual currencies and money transfer services to accept...

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