The European Data Protection Board (EDPB) has published its 2018 annual report, providing an overview of the key developments of the board for the reporting period. The report summarises the board...
On July 17, 2019, the European Data Protection Supervisor (EDPS) adopted its list of the kinds of processing operations that require and those that do not require a data protection impact...
On July 16, 2019, the Open Banking Implementation Entity (OBIE) published a report titled “Open Banking: Preparing for lift off”, which reviews the way open banking has evolved in the year...
The U.S. government’s sanctions watchdog is believed to be investigating cases where cryptocurrencies have been used to skirt sanctions controls, with enforcement action tipped to be on the way.
Latvian authorities have handed a €1m fine to Rigensis Bank for violating an array of financial crime laws, the latest direct action taken by the country as it seeks to implement a suite of...
Belgium has been plunged into a debate over ATM availability in supermarkets after a legislator introduced a bill that would overturn measures all but wiping out cashpoints located in physical...
A key architect of Facebook’s digital currency project, Libra, has attempted to reassure lawmakers that Libra will not be launched until regulators are happy user data is protected, the risk of...
On July 16, 2019, the Bank of Lithuania announced that it is seeking an innovative solution to the mandatory reporting scheme, under which all participants in the Lithuanian financial market are...
On July 15, 2019, the International Monetary Fund (IMF) published a technical note on implications for the regulation and supervision of the financial sector in Singapore, exploring both the...
On July 16, 2019, the Information Commissioner’s Office (ICO) launched a consultation seeking feedback on the draft updated version of its data sharing code of practice, which is seen as practical...
The International Monetary Fund (IMF) has backed moves to allow e-money providers to settle payments directly through central banks, touting the payments technology as a potential barrier to market...
UK lawmakers have called attention to potential operational risks posed by open banking, suggesting a need for regulatory perimeters to encompass all new third-party operators.
On July 12, 2019, the Egmont Group, a global body comprising 164 financial intelligence units (FIUs), released the summaries of two reports prepared by the Egmont Information Exchange Working Group...
The Ministry of Economic Development of the Russian Federation has introduced a draft Federal Law "on experimental regulatory regimes in digital innovations and on amendments to other Acts of...
A lawyer who slapped a suit on Société Générale over its processing of payments for Cuba’s state bank has said further action against European and Canadian financial institutions is imminent...
Plans for a phased introduction of strong authentication are taking shape in the UK, with influential industry groups expected to ask regulators for a delay in enforcement of at least 18 months...

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