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.
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...

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