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...
Estonia’s minister of finance has said the country must bolster efforts against financial crime or risk falling onto a dreaded global blacklist of high-risk countries, ahead of an inspection by...
U.S. regulators have been urged to provide better feedback to financial institutions on suspicious activity reports, with current arrangements facing criticism for being too informal and small-scale.
Comprehensive international standards may be the most straightforward way for virtual currency operators to adhere to the most recent set of demands from the Financial Action Task Force (FATF),...
The government of Malta has been chastened by a damning assessment of its anti-financial crime framework, as MONEYVAL described local financial institutions as more fearful of correspondent banks...

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