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...
E-money firm Paydoo Payments believes the Lithuanian central bank may have departed from accepted practice in its drive to crack down on misbehaving companies, after it was fined for failings in...
The Office of Foreign Assets Control (OFAC) has granted U.S. cryptocurrency exchange Bittrex a license to allow customers in sanctioned jurisdictions to withdraw their funds.
The UK’s data protection regulator has asked for broad new powers that would allow it to trace funds linked to online criminal activity, and to obtain asset freezes and confiscation orders.
Australian payment services and identity verification provider iSignthis has triggered a feud with the country’s stock exchange as suspension of its shares drags on.
Several European regulators have issued a joint letter calling for a single supervisor to combat financial crime on the continent, emphasising the shortcomings built into a currently fractured...
European finance ministers have voted in favour of new rules for payment service providers intended to help combat VAT fraud, despite vociferous opposition from the industry.
As the Federal Reserve continues work on its proposed FedNow real-time payments settlement system, banking industry and government officials alike are reiterating that the service must be...
European efforts to implement new requirements around virtual currencies could see crypto-assets pushed into the revised Payment Services Directive (PSD2) by the back door, a regulator has suggested.

Pages