The INSTEX payments instrument is still secure for the foreseeable future despite the challenges facing the Iranian nuclear deal more broadly, but the prospective mechanism remains at the mercy of...
As cross-border payments continue to grow, the decline in correspondent banking relationships driven by de-risking concerns remains a significant challenge for the sector, according to the U.S....
New guidelines apply from January 10, 2020 for the cooperation and exchange of information between EU member states’ competent authorities for credit and financial institutions. This analysis...
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...
Nigeria has laid out its information security expectations for payment services operating in the country as it continues to seek to drive adoption of electronic payment methods.
With U.S. regulators and lawmakers angling for enhanced disclosure requirements around beneficial ownership, officials are seeking banking sector input on the burden of complying with existing...
After a 2019 in which payment firms found themselves running to keep up with new regulations and the efforts of authorities to fill the gaps in existing laws, many — including regulators — are...
The Ministry of Economy and Business has published Royal Decree 736/2019, of December 20, on the legal regime of payment services and payment entities, which modifies Royal Decree 778/2012, of May...
Still behind Europe when it comes to the regulatory implementation of new measures such as open banking, the Americas nonetheless continued to make strides in the development of new payment systems...
The vision of a request to pay infrastructure across Europe has taken another step towards completion with the publication of technical specifications by EBA Clearing.
A law passed on Tuesday by the European Parliament will see payment firms in member states subject to a bevy of new requirements as they are recruited into the fight against e-commerce VAT fraud.
The UK Financial Intelligence Unit (UKFIU) has published its 2019 annual report on suspicious activity reports (SARs), as well as the third edition of its "SARs In Action" publication addressed to...
Turkey has been told to urgently address “serious shortcomings” in its anti-money laundering (AML) and counter-terrorist financing (CTF) framework.
Six months after U.S. financial regulators issued clarification on reporting requirements for cryptocurrency providers, the industry appears to have received the message loud and clear, with the...
The EU is set to introduce a new sanctions regime targeting perpetrators of human rights violations, after Hungarian officials agreed to drop their veto on the proposed reforms.
U.S. federal regulators have said banks and credit unions are expected to be the main beneficiaries of proposals to relax several aspects of the country’s so-called Remittance Rule.

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