Financial regulators in Estonia and Sweden have launched an assessment of whether to impose a fine on Swedbank after unearthing evidence during a broader money laundering investigation into the...
France’s central bank could drop its plans for an extended delay to strong authentication reforms, as indications emerge it is likely to fall in line with an EU-wide transition period of 15 months.
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 UK government has confirmed it has “no plans” to retain EU reforms on cross-border payments and currency conversion after Brexit, although most of the new rules will take effect while the...
An influential UK parliamentary committee has sounded the alarm over a lack of regulatory consequences for financial firms after “unacceptable” IT outages, as it called for managers of payment...
EU-issued electronic certificates relied upon by third-party providers will still be valid in the UK after Brexit, the Financial Conduct Authority has confirmed.
A U.S. government official has played down the risk of Pakistan’s remittance sector being shut off from the international financial system, as the South Asian country vows to complete reforms...
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...
UK officials have revealed that fraudsters are cracking card issuers’ two-factor authentication checks by intercepting SMS messages to impersonate account holders.
A judge has ruled that the U.S. Office of the Comptroller of the Currency may not accept applications for its “fintech bank charter”, siding with traditional financial institutions in a blow to the...
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’...
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...
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...
Authorities in the UK and France are facing pressure to revise their planned delays to enforcing strong authentication rules for online card payments, after EU regulators settled on a shorter 15...
The Financial Action Task Force (FATF) said on Friday that regulators should subject Libra, Facebook’s mooted global payments platform, to recently introduced standards on crypto-assets.
Pakistan has been granted a further lifeline by the Financial Action Task Force (FATF) to avoid being added to a notorious group of blacklisted jurisdictions, as the global standards-setting body...

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