The European Banking Authority's (EBA) single rulebook Q&A contains information on various regulations and directives to ensure consistent and effective application of the new regulatory...
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.
Estonian authorities have defended their role in recent money laundering scandals as EU figures continue to press for greater centralisation of power as a response to perceived failings by member...
Malta’s financial regulator has indicated it will heighten scrutiny of the island’s payments and e-money sector as it pointed out widespread compliance failures among firms.
Denmark will follow the European Banking Authority's (EBA) recommendation of a 15-month transition period for new EU rules on strong authentication of online card payments, a reversal of the...
European authorities are investigating efforts by banks to thwart account access for fintechs mandated by the EU’s revised Payment Services Directive (PSD2), with plans to call on national...
Australia’s financial services regulator has put the brakes on Revolut’s expansion in the country, ordering the payment services provider to halt onboarding of new customers while its licence...
Top banking industry groups have backed lawmakers’ recommendation for the UK government to compel all payment service providers to reimburse innocent fraud victims.
The EU’s top banking regulator brushed aside protests from the European Commission when it opted for a 15-month delay to enforcing new rules on strong customer authentication, new records show.
The UK’s Financial Conduct Authority (FCA) is standing by its decision to allow issuers and acquirers 18 months to meet new strong authentication rules, despite European regulators opting for a...
The Financial Action Task Force (FATF), a global standards-setter for combating money laundering and terrorist financing, has turned its attention to the issue of digital identity, seeking feedback...
New standards on reimbursing innocent fraud victims should be legally mandated and first-time payments should only be executed after a day’s delay, UK lawmakers have said in a new report on...
Hungarian regulators have proposed initiatives aimed at boosting financial innovation in a market still dominated by cash, including speedier licensing, digital ID requirements and industry-wide...
The U.S. Federal Reserve has published a second report on synthetic identities, with experts urging the need for a new approach to individual verification to counter a crime that underpins...
Hong Kong’s financial regulator has urged banks and payment service providers to thoroughly vet fintechs accessing accounts under the territory’s open banking regime, as it suggests a series of...
A senior Financial Action Task Force (FATF) official has said there are “persistent global weaknesses” in the supervision of money remittance firms, warning that international banks will remain...

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