New European rules governing virtual currency operators come into effect in the UK today, despite concerns that a rushed schedule and lack of guidance could leave businesses in the lurch.
Contention over the finer points of new payments regulation continued to rage in Europe, with industry and regulators clashing over issues with new strong authentication requirements and the...
The next phase of Europe’s anti-money laundering (AML) restructuring is taking shape, after finance ministers backed proposals to establish a new pan-EU supervisory authority and shift towards...
German lawmakers are set to approve a new regulatory framework for crypto-asset firms, handing a boost to the nascent sector by dropping earlier plans over business segregation and capital...
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.
Finland’s financial regulator has granted its first tranche of registrations to cryptocurrency firms, becoming the latest of a growing number of EU member states to give the sector official...
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...
Impending moves by Brussels to cobble together new regulations on cryptocurrencies should focus on clarifying how existing laws apply to the sector rather than creating a new directive, experts...
The Organisation for Economic Co-operation and Development has said Latvian authorities are still failing to tackle money laundering linked to foreign bribery, despite broader efforts to tighten up...
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...
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...
On October 9, 2019, the Financial Supervisory Authority (Finansinspektionen) published proposed amendments to the regulations (FFFS 2017:11) on measures against money laundering and terrorist...
On March 22, 2019, the Ministry of Economy and Finance released a consultation on the draft legislative decree containing the necessary provisions to transpose the 5th Anti-Money Laundering...
Estonia’s minister of finance has said the country must bolster efforts against financial crime or risk falling onto a dreaded global blacklist of high-risk countries, ahead of an inspection by...
On September 26, 2019, the Ministry of Finance and the Ministry of Justice and Security published a consultation on the implementation decision on amendments to the 4th Anti-Money Laundering...
Comprehensive international standards may be the most straightforward way for virtual currency operators to adhere to the most recent set of demands from the Financial Action Task Force (FATF),...

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