The Ministry of Economy and Business has published Royal Decree 736/2019, of December 20, on the legal regime of payment services and payment entities, which modifies Royal Decree 778/2012, of May...
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...
The 4th Anti-Money Laundering Directive (Directive (EU) 2015/849), also known as the 4th AMLD, has brought in a set of obligations for the European Commission, European supervisory authorities ...
The European Banking Authority (EBA) has called for new legislation after finding fintechs passporting across member states are held back by fragmented regulatory oversight, including rules on...
The German Ministry of Finance has said that the requirements for agents of foreign payment companies may need to be tightened, as it called for improvements in the sector’s filing of suspicious...
The Ministry of Finance and Development is consulting on a bill which will be implementing into Polish legal provisions the 4th Anti-Money Laundering Directive, as well as the recommendations of...
As liquidation of the scandal-ridden Estonian branch of Danske Bank begins, legal experts believe there is still a gap between authorities’ strong words on financial crime and the steps taken to...
Australian payments and customer authentication provider iSignthis is under the microscope of the country’s stock exchange over its business with the cryptocurrency, foreign exchange and binary...
Payment providers operating in Italy could be forced to block transactions with unlicensed gambling operators on pain of fines of up to €1.3m, according to a leaked draft law.
On April 3, 2019, the bill amending the Business Register Act (Handelsregisterwet), the Law for the Prevention of Money Laundering and Terrorist Financing (Wet ter voorkoming van witwassen en...
Cross-border investigations triggered by suspicious transaction reports from European financial institutions could be crippled by advice that the system used to share the filings is illegal.
Financial institutions headquartered in Europe but operating elsewhere face “significant” consequences if they do not identify conflicts between EU laws on anti-money laundering (AML) and those in...
The European Commission will prioritise making future anti-money laundering rules directly applicable in all member states, after widespread failures at national level to introduce reforms fully...
Ireland’s central bank has urged financial institutions not to put “blind faith” in automated systems that are widely used to conduct transaction monitoring.
On September 6, 2019, the Central Bank of Ireland (CBI) published Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Guidelines for the Financial Sector. ...
The European Commission has put reform of how it assembles its list of high-risk third countries at the top of its agenda as a fresh legislature returned to Brussels to confront issues of financial...

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