U.S. officials are cracking down on enforcing regulations requiring cryptocurrency service providers registered as money services businesses to identify the senders and recipients of digital...
The UK’s Financial Conduct Authority (FCA) will launch consultations on an “open finance” framework later this year, as the regulator looks to extend open banking beyond only payment accounts.
The Australian stock market regulator has pressed the embattled payment services and regtech provider iSignthis over its onboarding of unlicensed online trading platforms as clients.
The 6th Anti-Money Laundering Directive (6th AMLD) entered into force on December 2, 2018 and member states must have implemented it by December 3, 2020. The directive introduces a means of quicker...
On July 3, 2018, the Romanian Ministry of Public Finance launched a public consultation on a draft emergency ordinance on the issuance of electronic money (e-money). Pursuant to that, on July 4,...
PSD2 entered into force on January 13, 2018 repealing Directive 2007/64/EC (PSD1).  The revised Payment Services Directive (Directive (EU) 2015/2366), also known as PSD2, introduced new obligations...
German lawmakers are standing by plans to force Apple to open access to its payments infrastructure to other providers, despite fierce resistance from the Silicon Valley giant.
Visa and Mastercard are under investigation by federal U.S. antitrust regulators for potential violations of laws giving retailers choice over debit network routing.
Swedish authorities are plotting further improvements to the country’s anti-money laundering (AML) regime, doubling down on weaknesses exposed by recent Baltic scandals and bulking up the country’s...

On July 9, 2018, the 5th Anti-Money Laundering Directive (Directive 2018/843) (5th AMLD), which amends Directive 2015/849 (4th AMLD), entered into force. The directive aims to improve transparency...

A jilted bidder for Experian’s corporate payments business has told the UK competition watchdog that it should have won the deal instead of Bottomline Technologies.
The UK’s top payment system operator has rejected banks’ proposals for a 2.9p transaction levy on fund transfers to fund payouts for consumer fraud losses, claiming there is insufficient wider...
Danish regulators have instructed Handelsbanken, one of the largest banking groups in the Nordics, to bolster its defences against money laundering and terrorist financing after an on-site...
As the UK’s first open banking offerings start to gain consumer traction, fraudsters are already beginning to move into the space — pressuring banks to find out new ways of stopping them.
Singapore’s financial regulator has called for fintechs to focus on interoperable solutions, urging financial inclusion efforts to focus on effective products rather than just broader access.
U.S. officials have extradited a Russian national accused of selling stolen credit card data, with authorities alleging that he exploited virtual currencies and money transfer services to accept...

Pages