On May 17, 2019, the European Council adopted a framework that will enable the EU for the first time to impose sanctions on those responsible (persons or entities) for cyber-attacks threatening the...
A gang of international cybercriminals that used a network of malware-infected computers and money mule accounts to attempt the theft of $100m from thousands of victims has been indicted by a U.S....
On May 14, 2019, the National Crime Agency (NCA) published the national strategic assessment of serious and organised crime, which provides an overview of the serious and organised crime present in...
Authorities worldwide should consider giving e-money firms access to central bank funds unlocking “enormous benefits for cross-border payments”, according to a director at the International...
Europe’s financial sector is aiming high for greater alignment between US and EU regulatory regimes in the sector, but experts warn that ongoing divergence in attitudes toward data protection could...
On May 13, 2019, SWIFT published its findings on how financial institutions in India can improve monitoring anomalous transactions and listed key developments in the Customer Security Programme ...
On May 13, 2019, the Treasury Select Committee published a report on consumers’ access to financial services, following the launch of an inquiry in November 2018 to assess the Financial Conduct...
Questions remain about how central bank digital currency would be treated from a regulatory standpoint, with its functional status as e-money butting up against the intention for it to serve as an...
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 May 9, 2019, the Payment Systems Regulator (PSR) initiated a follow-up consultation on confirmation of payee (CoP), including its revised approach alongside the legal text of the proposed...
On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN) published interpretive guidance reminding persons subject to the Bank Secrecy Act (BSA) how its regulations relating to money...
On May 8, 2019, the Chamber of Representatives announced that a parliamentary proposal requiring companies to provide at least one digital payment method had been introduced in the Belgian...
UK authorities have announced that Visa’s forthcoming acquisition of payments company Earthport does not qualify for investigation, and the corporate action can continue unimpeded.
A Spanish money laundering cartel that used virtual currency exchanges to obscure the origins of illicit funds has been busted, Europol announced on Wednesday. The action marks the latest strike...
The UK government has rejected calls to reconsider the anti-money laundering (AML) supervisory role of the country’s tax regulator, speed up action on de-risking and focus on calculating the true...
EU authorities have expressed concern that the bloc’s instant payment rails are being used to best effect by foreign competitors, while European firms remain mired in national domestic interests...

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