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...
A legal challenge to the constitutionality of the U.S. Consumer Financial Protection Bureau (CFPB) is set to go before the Supreme Court.
The Ministry of Finance and Development is consulting on a bill which will be implementing into Polish legal provisions the 4th Anti-Money Laundering Directive, as well as the recommendations of...
The European Parliament has recommended that virtual currency exchanges be scheduled for consideration in a proposed directive to recruit payment providers in the fight against VAT fraud.
The UK could depart from the EU in just two weeks after Prime Minister Boris Johnson agreed a revised withdrawal agreement with his counterparts in Brussels, although it is far from certain...
Germany’s payments regulator has endorsed a new collaborative effort by the country’s banks and fintechs to cooperate on the rollout of the third-party account access regime mandated by the revised...
A Turkish bank is fighting back against sanctions evasion charges by U.S. officials, dismissing the allegations as legal overreach and claiming they are motivated by a desire to punish the country...
Italy’s new-look government has tabled a series of measures designed to encourage uptake of non-cash payments, pressure retailers into accepting cards and make it harder for individuals to evade tax.

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