Payment providers operating in Italy could be forced to block transactions with unlicensed gambling operators on pain of fines of up to €1.3m, according to a leaked draft law.
The head of Facebook’s controversial cryptocurrency project has said “intense” regulatory pressure prompted Visa and Mastercard to withdraw from the Libra Association, on the eve of its inaugural...
The UK sanctions watchdog has said it is mulling several cases in which it may impose fines as it recorded a slump in the value of possible breaches that were self-reported by firms last year.
The head of Sweden’s online gambling trade association has called on payments providers to stop working with unlicensed operators in a bid to protect the reputation of regulated gambling firms.
A group of federal U.S. regulators has fired a warning to the cryptocurrency industry that anti-money laundering (AML) and counter-terrorism financing (CTF) requirements are based on what a...
Peer-to-peer cryptocurrency transfers that bypass regulated businesses or intermediaries are an increasingly pressing financial crime concern for supervisory authorities, a Financial Action Task...
European finance ministers appeared to move closer to giving Brussels a stronger hand in regulating financial institutions’ anti-money laundering and counter-terrorist financing controls following...
The UK government has rejected proposals to allow the Financial Conduct Authority (FCA) freedom to expand its regulatory scope when required, despite suggestions it lacks the power to ensure...
The Financial Conduct Authority (FCA) has not ruled out altering its 18-month enforcement delay of new security rules for online card payments, but says its focus is making sure that its position...
Europol has highlighted the dangers posed by the stuttering introduction of strong authentication and open banking reforms, flagging indecision over delays as a gap to be exploited by fraudsters.
A proposed reworking of state-level money services businesses licensing could provide much-needed regulatory clarity for U.S. fintechs, but there is still room for reducing the regulatory burden on...
The Financial Conduct Authority (FCA) has issued a stern warning to payment and e-money institutions over “unacceptable” practices in safeguarding client funds, as well as around risk governance...
The European Banking Authority (EBA) has reiterated its concerns over the level of Brexit planning among some financial services firms, as the prospect of a no-deal departure looms closer in the...
Card networks Visa and Mastercard are concerned over plans by UK regulators to quiz merchants on their acquiring relationships, warning there is a risk certain retailers’ views could be over...
An entity marketing itself as a payment processor is at the center of a lawsuit accusing a cryptocurrency exchange and stablecoin issuer of market manipulation, resulting in damages claims of $1...
The UK’s top competition regulator has thrown another obstacle in front of Bottomline Technologies’ purchase of Experian’s payments gateway.

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