The head of the G7 group analysing the proposed Libra payment system has called for a world in which private currencies exist alongside publicly-backed means of payment.
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...
The UK’s Financial Conduct Authority (FCA) has reiterated that a no-deal Brexit retains the capacity to severely disrupt the movement of retail payments and data, amid difficulties between UK and...
Representatives of the Libra Association tackled mounting concerns about Facebook’s mooted global payments system during a meeting with 27 central banks in Switzerland on Monday.
On May 27, 2019, the European Payments Council (EPC) published two documents: a clarification paper on SEPA Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst) Rulebooks (Version 1.4)...
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...
The government of Malta has been chastened by a damning assessment of its anti-financial crime framework, as MONEYVAL described local financial institutions as more fearful of correspondent banks...
On April 8, 2019, the Reserve Bank of Australia (RBA) and the Australian Payments Council (APC) released a consultation paper seeking feedback on the migration of the messaging of the Australian...
U.S. enforcement authorities have shot a warning to firms seeking to build an international payment network based on cryptocurrency, emphasising the need to obey its anti-money laundering (AML)...
MONEYVAL has instructed Moldovan authorities to keep a closer eye on inbound remittance flows, a revenue stream that accounts for a significant proportion of the country’s GDP.
On September 9, 2019, Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has published Circular No. 1049/ 2019 on the rules and regulations on the registration of operators of...
On September 11, 2019, the Treasury released a set of draft legislation for public comment, which implements the recommendations issued by the ASIC Enforcement Review Taskforce Report.
Australia’s financial crime watchdog has issued a fine to a money transfer business for failing to report overseas funds transfers.
On September 9, 2019, the Ministry of Finance published a regulation on reporting procedures for the funds of electronic money institutions, principles for calculating the minimum value of an...

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