The European Banking Authority (EBA) has agreed to let national regulators delay enforcement of strong authentication rules until December 31 next year, setting a strict 15-month migration plan for...
Digital banks, money transfer operators and cryptocurrency firms in the UK are being exploited by complex networks of fraudsters and money mules, according to pioneering research by the banking and...
As liquidation of the scandal-ridden Estonian branch of Danske Bank begins, legal experts believe there is still a gap between authorities’ strong words on financial crime and the steps taken to...
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...
UK payments and banking regulators have yet to clinch agreements designed to mitigate the damage of a no-deal Brexit with several EU member states, despite the possibility of the UK hurtling out of...
On October 14, 2019, the Financial Intelligence Analysis Unit (FIAU) released a consultation paper on proposed amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations ...
The UK sanctions watchdog has said it is mulling several cases in which it may impose fines as it recorded a slump in the value of possible breaches that were self-reported by firms last year.
On August 2, 2019, the Treasury Select Committee released the 35th report of session 2017-19 titled “The work of the Financial Conduct Authority: the perimeter of regulation”, which contains...
European finance ministers appeared to move closer to giving Brussels a stronger hand in regulating financial institutions’ anti-money laundering and counter-terrorist financing controls following...
On October 29, 2018, the Reserve Bank of Australia (RBA) launched a consultation seeking feedback on issues regarding the functionality of, and access criteria to, the New Payments Platform (NPP),...
The Financial Conduct Authority (FCA) has not ruled out altering its 18-month enforcement delay of new security rules for online card payments, but says its focus is making sure that its position...
Europol has highlighted the dangers posed by the stuttering introduction of strong authentication and open banking reforms, flagging indecision over delays as a gap to be exploited by fraudsters.
A proposed reworking of state-level money services businesses licensing could provide much-needed regulatory clarity for U.S. fintechs, but there is still room for reducing the regulatory burden on...
On May 16, 2018 the Banking (Cash Machine Charges and Financial Inclusion) Bill 2017-19 passed its first reading in the House of Commons, under the "Ten Minute Rule"....
The European Banking Authority (EBA) has reiterated its concerns over the level of Brexit planning among some financial services firms, as the prospect of a no-deal departure looms closer in the...
Card networks Visa and Mastercard are concerned over plans by UK regulators to quiz merchants on their acquiring relationships, warning there is a risk certain retailers’ views could be over...

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