On February 21, 2018 the Financial Action Task Force (FATF) published a mutual evaluation report on Barbados regarding the country's anti-money laundering and counter-terrorism financing (AML/CTF)...
Russian authorities are preparing for a crackdown on payment firms processing fund transfers for unlicensed gambling operators ahead of tough new transaction blocking measures that will take effect...
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...
The European Parliament is stepping up its fight against low-value terrorist financing, after a committee approved new draft regulations targeting prepaid cards, informal money transfers and...
On February 15, 2018 the Ministry of Finance published the second part of a study assessing the costs for merchants of accepting payments via payment cards and how interchange rates under the EU...
The General Data Protection Regulation (Regulation 2016/679), also known as GDPR, will significantly increase the responsibilities and obligations for payments businesses in how they collect and...
The influential Bank for International Settlements (BIS) has called for greater cooperation among regulators and supervisors in response to increasingly sophisticated payments technology.
On February 16, 2018, the Committee on Payments and Market Infrastructures of the Bank for International Settlements released a report on cross-border retail payments, informing of the challenges...
U.S. banks are shutting accounts of payment companies as a competitive tactic, not only for compliance concerns, industry representatives have complained.
Bermuda has unveiled the latest in a series of regulatory adjustments as the country readies itself for a comprehensive assessment of its anti-money laundering (AML) regime this year.
As the new UK Sanctions and Anti-Money Laundering Bill prepares to face the Commons, there are suggestions that it could result in significant new powers for enforcement authorities.
Legal experts have warned that there is a "lack of clarity" around incoming EU restrictions on geoblocking by online retailers, after the European Parliament adopted its final position on the...
The European Parliament has voted to include Tunisia on a blacklist of countries at high risk of money laundering, despite vocal opposition from concerned parties.
Singapore’s regulator is encouraging its financial sector to use new technology to on-board customers electronically, after proposing a number of amendments to financial crime laws making it...
The chief executive of the Financial Conduct Authority (FCA) has suggested that a trade deal benefiting financial services between the UK and EU is still possible after Brexit.
On February 2, 2018, the Hong Kong government published in the Official Gazette the Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) (Financial Institutions) Ordinance 2018 and the...

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