With international terrorist groups increasingly relying on cryptocurrency as a source of funding, terrorists and extremists within the U.S. are following suit, officials warned during a...
As cross-border payments continue to grow, the decline in correspondent banking relationships driven by de-risking concerns remains a significant challenge for the sector, according to the U.S....
The EU is consulting on the definitions and uses of virtual currencies as it looks to further standardise regulatory approaches across the bloc.
Turkey has been told to urgently address “serious shortcomings” in its anti-money laundering (AML) and counter-terrorist financing (CTF) framework.
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.
Digital payments providers, money service businesses and credit card companies in the UK all filed less suspicious activity reports last financial year, bucking an overall trend of higher reporting.
The Financial Action Task Force (FATF), a global standards-setter for combating money laundering and terrorist financing, has turned its attention to the issue of digital identity, seeking feedback...
A senior Financial Action Task Force (FATF) official has said there are “persistent global weaknesses” in the supervision of money remittance firms, warning that international banks will remain...
A U.S. government official has played down the risk of Pakistan’s remittance sector being shut off from the international financial system, as the South Asian country vows to complete reforms...
Impending moves by Brussels to cobble together new regulations on cryptocurrencies should focus on clarifying how existing laws apply to the sector rather than creating a new directive, experts...
The Financial Action Task Force (FATF) said on Friday that regulators should subject Libra, Facebook’s mooted global payments platform, to recently introduced standards on crypto-assets.
Pakistan has been granted a further lifeline by the Financial Action Task Force (FATF) to avoid being added to a notorious group of blacklisted jurisdictions, as the global standards-setting body...
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...
Pakistan authorities have come under heavy criticism for poor oversight and enforcement within the country's lucrative remittance sector, after a new review of financial crime controls tipped it...

Pages