On October 1, 2019, the Ministry of Finance submitted proposals for a new law that aims to ensure better access to cash services for businesses and consumers in Sweden. The proposal would require...
On May 22, 2019, the Payment Systems Regulator (PSR) released a consultation paper setting out its proposals on its approach to the merchant survey, as part of its initiative to conduct a market...
Estonia’s minister of finance has said the country must bolster efforts against financial crime or risk falling onto a dreaded global blacklist of high-risk countries, ahead of an inspection by...
U.S. regulators have been urged to provide better feedback to financial institutions on suspicious activity reports, with current arrangements facing criticism for being too informal and small-scale.
Mexico’s “request to pay” infrastructure is set to launch today, carrying with it hope from authorities that this latest step on the country’s road to payments modernisation will help nudge...
Some of the world’s biggest banks are in talks with SWIFT about creating a shared platform for conducting sanctions screening.
On September 9, 2019, Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has published Circular No. 1049/ 2019 on the rules and regulations on the registration of operators of...
On September 26, 2019, the Ministry of Finance and the Ministry of Justice and Security published a consultation on the implementation decision on amendments to the 4th Anti-Money Laundering...
New fraud figures from UK Finance have shown that losses from authorised push payment (APP) scams continue to rise, although the trade body emphasised that the effects of the newly-adopted...
On July 8, 2019, the European Payments Council (EPC) published a guidance document providing details on how to instruct the extended remittance information (ERI) and lists a number of practical...
The Financial Markets Authority (FMA) has issued a press release stating that the government will introduce a new regime to regulate financial conduct, with the aim of providing customers with...
On May 27, 2019, the European Payments Council (EPC) published two documents: a clarification paper on SEPA Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst) Rulebooks (Version 1.4)...
Authorities in Germany have searched the premises of Deutsche Bank in Frankfurt in connection with the Danske Bank money laundering scandal, prosecutors and the company have confirmed.
Banks and payment institutions are bracing for even more sanctions compliance headaches as the UK government confirms it will introduce its own Magnitsky regime after Brexit.
The final versions of three U.S. Consumer Financial Protection Bureau (CFPB) initiatives to encourage financial innovation include significant differences from the original proposals — some of...
On September 20, 2019, the Bulgarian Ministry of Finance published a consultation on the Draft Law on Amendments and Supplementing Law on Payment Services and Payment Systems (LPSPS). The draft law...

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