Researchers have warned that cybercriminals will look to exploit the rise of open banking, as financial institutions adapt to the unique issues presented by the changing regulatory landscape.
Hong Kong’s financial regulator has denied suggestions it will introduce new rules requiring cash machine operators to carry out face recognition checks on consumers.
Australia’s financial intelligence agency is suing the Commonwealth Bank of Australia, accusing it of more than 50,000 breaches of anti-money laundering laws by ignoring suspicious transactions.
The Bundestag adopted the government’s draft of a new Federal Data Protection Act, based on the EU General Data Protection Regulation, on April 27, 2017. The new act, which retains the title ...
A new global program to boost research into digital finance and support financial inclusion in developing countries hopes to boost the growth of China, Mexico and Egypt’s payments sectors.
Lawmakers are gathering evidence on potential legislative action against misleading currency conversion practices within the EU, as work pushes forward on improving transparency in cross-border...
Plans to establish the Financial Action Task Force (FATF) as a legal entity could strengthen its enforcement powers but may not answer questions about the effectiveness of its risk-based approach...
The Directorate-General for Financial Stability, Financial Services and Capital Markets Union within the European Commission is consulting on the fees that payment services users pay for cross...
The European Commission has formally warned all but 11 member states for failing to transpose the 4th Anti-Money Laundering Directive (4th AMLD) before last month’s deadline.
Uncertainty still swirls around the movement of data between the UK and Europe after Brexit, according to a report published by the House of Lords' European Union select committee last Tuesday.
The revised Payment Services Directive (Directive (EU) 2015/2366), also known as PSD2, has brought a set of obligations for the European Commission, the European Banking Authority (EBA), EU member...
UK regulators have threatened enforcement action against payments firms offering misleading currency exchange rates, and will prioritise drafting new regulations to put a halt to the practice.
The European Commission has relented to pressure from parliamentarians over its blacklist of high-risk countries, confirming plans to carry out its own assessments of jurisdictions’ financial...
An EU-level risk assessment of the financial sector's vulnerabilities to money laundering and terrorist financing will likely have little impact on compliance practices, experts believe.
Finance ministers from several EU member states have come under fire from the European Parliament for their approach to tackling financial crime linked to offshore funds and shell companies.
The UK government has said regulatory oversight of fund flows to charitable organisations will be increased following an investigation into domestic extremist and terrorist activity.

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