On May 9, 2019, the Payment Systems Regulator (PSR) initiated a follow-up consultation on confirmation of payee (CoP), including its revised approach alongside the legal text of the proposed...
On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN) published interpretive guidance reminding persons subject to the Bank Secrecy Act (BSA) how its regulations relating to money...
On May 8, 2019, the Chamber of Representatives announced that a parliamentary proposal requiring companies to provide at least one digital payment method had been introduced in the Belgian...
On November 19, 2018, the Monetary Authority of Singapore (MAS) announced that it has finalised the new regulatory framework for payment services in Singapore. The Payment Services Bill includes a...
On May 9, 2019, the Danish Financial Supervisory Authority (FSA) published its observations following inspections carried out at financial companies in relation to processes for preventing money...
On May 8, 2019, HM Revenue & Customs (HMRC) released an appropriate policy document to meet the requirement in the Data Protection Act 2018 (DPA). The policy document details the safeguards to...
On May 6-7, 2019, the Financial Action Task Force (FATF) held its annual Private Sector Consultative Forum in Vienna, in which 300 private sector representatives from the financial sector and...
On May 7, 2019, the UK government, upon consideration of the conclusions and recommendations included in the Treasury Select Committee’s report titled “Economic Crime: Anti-money laundering...
On March 29, 2019, the Information Commissioner’s Office (ICO) launched the beta phase of its sandbox, aiming to support companies using personal data in their effort to create more innovative...
On February 6, 2018, the Finanstilsynet (Danish Financial Supervisory Authority) opened applications for the FT Lab, a regulatory sandbox in which selected companies can test their innovative...
On November 27, 2018, the Bank of Lithuania launched a public consultation seeking feedback in regard to the need and conditions for open banking in the country, following regulatory changes made...
On March 13, 2019, the Danish parliament published Proposal L 204 on a law amending the Act on preventive measures against money laundering and terrorist financing (Money Laundering Act) and the...
On May 3, 2019, the Isle of Man Financial Services Authority published an updated version of its Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Handbook....
On September 4, 2017 the Ministry of General Government Affairs and Finance of Liechtenstein proposed a consultation for the transposition of the revised Payment Services Directive (PSD2). The...
On May 6, 2019, the Estonian government introduced a bill on amendments to the Money Laundering and Terrorist Financial Prevention Act and the State Fees Act (8 SE), in line with the provisions of...
On May 3, 2019, the secretary of state for foreign and commonwealth affairs published guidance in accordance with Section 43 of the Sanctions and Anti-Money Laundering Act 2018 to assist in the...

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