Pressure On PayPal Over Political Donations Could Spur New Laws

UK payment service providers could face new laws designed to combat illicit political donations after lawmakers grilled PayPal over its approach to handling payments to local political parties originating overseas.

PayPal executives were quizzed by parliament’s Digital, Culture, Media and Sport Committee’s Sub-Committee on Disinformation after the Brexit Party was told by the Electoral Commission earlier this year to examine £2.5m of donations received through channels including PayPal and forfeit those which could not be traced.

To continue reading...

Our Key Benefits

PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.

We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.

We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.