The European Banking Authority (EBA) has acknowledged there were “teething problems” around the introduction of third-party account access reforms, but said the fragmented picture across the...
The Chinese central bank has announced an enforcement drive against cryptocurrency exchanges and mining pools operating in the country, prompting a sudden drop in prices.
The Lithuanian Gambling Supervisory Authority (LGSA) has said it will apply to the Vilnius Regional Administrative Court to grant it the right to issue legally binding website and payment blocking...
The Dutch banking industry has called for the creation of a pan-European financial intelligence unit and closer ties between regulators and banks as it unveiled its wishlist for reforms to the EU’s...
U.S. fraud experts and consumer rights advocates have urged lawmakers not to let screen scraping form part of any open banking initiative, calling for laws to be extended to ensure the introduction...
Blockchain-based payment network Ripple has accused a leading crypto investigations company of a public relations stunt, after it announced it had uncovered some $400m in illicit transactions using...
Nordic lender Swedbank has been forced to declare it is not aware of any violations of US sanctions on Russia after an investigation suggested it processed payments for a blacklisted company.
U.S. attempts to bolster beneficial ownership requirements have been hailed as a significant step in the fight against money laundering via shell companies, but observers warn the bill's vague...
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.

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