Insights & Analysis

An Irish bank has been fined €2.3m for money laundering breach; the German regulator continues with OneCoin crackdown; and Singapore vows tough, high-tech AML action.
The UK’s Criminal Finances Bill, initially perceived as underwhelming, has gained royal assent after being subject to a series of last-minute changes by parliamentarians.
A group of U.S. regulators has introduced a new reporting system aimed at easing the compliance burden on financial services operating across multiple states — although experts warn money...
EU industry groups are making a last-ditch lobby effort on access to accounts, transaction fraud rates and corporate payments as the European Commission considers whether to make changes to the...
State financial regulators in the U.S. are suing the Office of the Comptroller of the Currency (OCC) over its plans to create a national non-bank charter for fintech firms, as the row intensifies...
Industry insiders are warning that uncertainty over the direction of EU financial crime reforms could leave payments firms facing an uphill struggle to meet future changes.
Banking industry insiders have suggested de-risking does not necessarily stop illicit funds from passing through the financial system, instead labelling the practice a by-product of ineffective...
Faced by an unpredictable new US administration, rising international political tension and ever-toughening sanctions regimes, banking veterans and financial crime experts are concerned by how...
A global watchdog has commended Sweden as having a “strong regime” to tackle financial crime, although identified a fragmented understanding among its regulators of the risks associated with the...
Non-profit pressure group Allied Progress has restated its support for the Consumer Financial Protection Bureau’s rule on prepaid accounts, despite industry joy about the six-month delay of its...
The U.S.’ Consumer Financial Protection Bureau (CFPB) has proposed to delay the entry into force of controversial new rules on prepaid cards by six months, after widespread industry concerns.
Industry researchers believe European officials may amend the European Banking Authority's proposed rules allowing providers to bypass certain security checks if fraud rates are sufficiently low.
Thailand’s e-payments masterplan, propelled by a range of regulatory reforms and infrastructure upgrades, is now well underway, with legal experts saying consumers have little cause for concern...
Payments firms are concerned that anti-money laundering reforms will give EU member states too much freedom around central contact points, risking fragmentation across the single market.
The UK government has opened public consultations on how it will apply, maintain and review sanctions regimes once the country has left the European Union.
India has made further steps to roll out a debit payments system based on its nationwide digital identity platform, unveiling a biometric authentication app for merchants.

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