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...
Crypto-asset providers are now able to apply for a licence in France, paving the way for what lawmakers hope will be a flourishing blockchain sector in the country.
The European Central Bank (ECB) has thrown its weight behind the creation of a new continent-wide payment system for both retail and e-commerce, warning that reliance on global financial giants...
Lawyers in the London office of international firm Locke Lord gave advice to since-disappeared “cryptoqueen” Ruja Ignatova despite being aware her investment scheme OneCoin may have been a scam, US...
Proposals being developed by Danish lawmakers could mean senior executives are criminally liable if their financial institution is found to have broken financial crime laws, as the Nordic state...
The European Banking Authority (EBA) has revealed it would have set a stricter deadline for member states to enforce new payment security rules under the revised Payment Services Directive (PSD2),...
Westpac chief executive Brian Hartzer has announced he will step down following widespread failures in its anti-money laundering (AML) safeguards, with the Australian banking giant set to shutter...
The European Commission and Council have put the brakes on the deployment of stablecoins in the EU until a consistent and coherent regulatory approach can be decided by authorities.
The UK’s ATM infrastructure operator has launched a blistering attack on the Payment Systems Regulator (PSR), questioning the need for the regulator to exist and calling for it to be dissolved into...

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