Prosecutors in Denmark have charged Københavns Andelskasse bank with money laundering, just more than a year after it was taken over by the authorities.
On September 23, 2019, the French Prudential Supervision and Resolution Authority (ACPR) released a report from a working group called “Forum Fintech ACPR-AMF”, made up of representatives of...
On September 20, 2019, the Central Bank of the Russian Federation (CBR) launched a consultation on a draft ordinance “on amendments to the CBR Ordinance July 20, 2016 No. 4078-U 'on requirements...
Europe’s banking lobby has called on the European Banking Authority to put in place a harmonised non-enforcement period of 18 months for new authentication rules for online card payments.
Research by consultancy giant McKinsey has suggested the pressure on payments firms to achieve scale has driven a recent wave of consolidation, but said that commercial drivers are running up...
The prospect of instant payments at the point of sale (POS) could pose an unprecedented challenge to the imperious market position held by traditional banks and card schemes, new research has...
The European Commission will prioritise making future anti-money laundering rules directly applicable in all member states, after widespread failures at national level to introduce reforms fully...
Authorities in Latvia have fined PrivatBank just over €1m ($1.1m) for numerous breaches of anti-money laundering and counter-terrorist financing regulations.
An influential UK retail group has said that fees set by Visa and Mastercard increased by 43 percent in the last year, prompting calls for regulatory reforms aimed at lowering the cost of card...
Fintech firms that aggregate customers’ account data are complaining that banks’ preparations for new EU-level security rules are “damaging” their businesses.
On September 18, 2019, the Lithuanian parliament (Seimas) published amendments to the Money Laundering and Terrorist Financing Prevention Law VIII-275, modifying Articles 2, 4, 5, 7, 8, 9, 10, 11,...
The Reserve Bank of India (RBI) has published a discussion paper on guidelines for payment gateways and payment aggregators, which takes a look at the activities of payment gateways and payment...
Swedbank has acknowledged failings in its responsibility to prevent financial crime in a letter to regulators in Sweden and Estonia, promising improvements before an internal review of the...
Despite a U.S. federal judge dismissing a lawsuit from state regulators seeking to block plans for a federal fintech charter, the path forward remains a rocky one — and the lingering uncertainty...
On September 17, 2019, the Bank for International Settlements (BIS) published Working Paper No. 811 titled "Embedded supervision: how to build regulation into blockchain finance". The document...
The UK’s Financial Conduct Authority (FCA) has urged issuers and acquirers to avoid changing how contactless transactions are handled for a limited period, despite new strong authentication rules...

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