On September 13, 2019, the State Bank of Vietnam published a draft decree amending and supplementing Decree No. 116/2013 / ND-CP dated October 4, 2013, detailing the implementation of a number of...
A new real-time payment system being developed by the Federal Reserve Bank has garnered opposition from some members of the U.S. Congress who believe a payments system should be built and managed...
The Federal Ministry of Finance (BMF) announced in a joint press release with the German Federal Bank (Deutsche Bundesbank) the decision to set up a programme with TIBER-DE to strengthen the cyber...
On September 5, 2019, the Bank of Thailand (BoT) has published Notification 19/2562 on know your customer (KYC) rules for opening a deposit account in a financial institution....
Ireland’s central bank has urged financial institutions not to put “blind faith” in automated systems that are widely used to conduct transaction monitoring.
On September 6, 2019, the Central Bank of Ireland (CBI) published Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Guidelines for the Financial Sector. ...
The General Data Protection Regulation (Regulation 2016/679), also known as the GDPR, significantly increases the responsibilities and obligations for payments businesses in how they collect and...
PSD2 entered into force on January 13, 2018 repealing Directive 2007/64/EC (PSD1).  The revised Payment Services Directive (Directive (EU) 2015/2366), also known as PSD2, introduced new obligations...
On June 12, 2017, the Central Bank of Malta (CBM) launched a public consultation seeking stakeholder input on draft legislation to transpose Directive (EU) 2015/2366, also known as the revised...
On August 23, 2019, the State Bank of Vietnam (SBV), the Australian Department of Foreign Affairs and Trade (DFAT) and the Asian Development Bank (ADB) signed a memorandum of understanding (MoU) on...
On August 17, 2019, Bank Indonesia launched a Quick Response (QR) Code standard for payments through server-based e-money applications, electronic wallets and mobile banking known as QR Code...
The new faster payment system announced by the U.S. Federal Reserve has largely garnered praise, despite calls for details on how it will sit alongside existing offerings.
On August 7, 2019, the Finnish Ministry of Justice published a consultation seeking responses on the experiences and challenges faced while applying the General Data Protection Regulation (GDPR) in...
On August 7, 2019, the Monetary Authority of Singapore (MAS) launched Sandbox Express, which provides a faster option for firms to test innovative financial products and services in the market. ...
On December 7, 2018, a group of State Duma MPs submitted a draft law on amendments to Law No. 161 FZ "On national payment systems", June 27, 2011, to establish new requirements for registering...
Australia’s faster payments operator has responded to demands from the central bank to force members to up their services to consumers and businesses, with possible fines for those who drag their...

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