Digital payments providers, money service businesses and credit card companies in the UK all filed less suspicious activity reports last financial year, bucking an overall trend of higher reporting.
As the UK financial services sector prepares for life outside the European Union, concerns are being raised about the potential barriers to data flows between the two jurisdictions.
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...
A consortium of EU financial institutions has called for greater harmonisation of cyber incident reporting requirements across the bloc, complaining the existing fractured system places a...
Regulators have mooted the possibility of beating the ploughshare of open banking into a sword against financial crime, but technical and legal hurdles still stand in the way of authorities’...
Regulators in Malta have told banks to ensure third-party providers operating under the revised Payment Services Directive (PSD2) cannot access data beyond what is necessary to carry out the...
Fintech, cryptocurrencies and protection against US sanctions were placed at the heart of the financial services agenda of new European Commission chief Ursula von der Leyen yesterday as she...
The UK’s Payment Systems Regulator (PSR) has announced it will delay plans for more open access to payment data until new infrastructure is in place, citing a lack of commercial use cases and data...
The General Data Protection Regulation (Regulation 2016/679), also known as the GDPR, significantly increases the responsibilities and obligations for payments businesses in how they collect and...
On August 12, 2019, the Greek Ministry of Justice launched a public consultation on the draft law implementing the provisions of the General Data Protection Regulation (GDPR) into the national...
Mastercard has announced that the card details of a number of customers of its Priceless Specials programme were leaked and published online, with Belgian and German data protection regulators now...
On August 7, 2019, the Finnish Ministry of Justice published a consultation seeking responses on the experiences and challenges faced while applying the General Data Protection Regulation (GDPR) in...
On September 8, 2017 a consultation was launched in Portugal for public and private entities to express their opinion on several matters regarding the implementation of the General Data Protection...
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...
The UK’s data protection watchdog has announced its intention to slap hotel group Marriott International Inc with a £99.2m fine over a four-year-long data breach that involved millions of guests’...
Dutch banks are seeking urgent talks with the country’s Data Protection Authority (AP) after it unexpectedly instructed them not to use customers’ payment data for direct marketing purposes.

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