On July 23, 2019, the Malta Financial Services Authority (MFSA) announced by way of a circular that the Financial Intelligence Analysis Unit (FIAU) has published revisions to the Implementing...
On July 23, 2019, the Ministry of Finance published an inter-ministerial committee report, along with the draft Banning Cryptocurrency and Regulation of Official Digital Currency Bill 2019. A high...
The UK’s payment system operator, Pay.UK, is preparing for a more central role in fighting economic crime, but even after the government’s new plan revived commitments for its future operations...
Hong Kong’s financial regulator said it will adjust rules governing prepaid money providers, following a review of the sector’s vulnerability to money laundering and terrorist financing.
The independent complaints commissioner for the UK’s financial regulators has excoriated the Financial Conduct Authority (FCA) for myriad failings in handling complaints from regulated businesses...
The UK government has announced that it is considering the approach to financial regulation at the macro level in the country, calling for views on the roles of the various regulators as it...
On July 19, 2019, the Dutch Ministry of Finance published a consultation on draft law amendments to the Money Laundering Prevention and Financing of Terrorism Act (Wwft BES). ...
A report compiled for finance ministers of the world’s largest economies has taken a strict line on Facebook’s mooted Libra payment system, warning that “significant work” will be needed before any...
On January 29, 2019, the Bank of Thailand (BOT) published a report on the results of the first phase of Project Inthanon and the next steps. Project Inthanon seeks to develop and test a proof of...
The UK’s Financial Conduct Authority (FCA) has admitted its register of regulated firms contains “data quality issues” and will invest £5m in improvements, after outrage that legitimate businesses...
U.S. lawmakers have raised concerns that the structure of Facebook's controversial Libra cryptocurrency could make it highly attractive to criminals, calling into question whether checks by wallet...
The European Data Protection Board (EDPB) has published its 2018 annual report, providing an overview of the key developments of the board for the reporting period. The report summarises the board...
On July 17, 2019, the European Data Protection Supervisor (EDPS) adopted its list of the kinds of processing operations that require and those that do not require a data protection impact...
The U.S. government’s sanctions watchdog is believed to be investigating cases where cryptocurrencies have been used to skirt sanctions controls, with enforcement action tipped to be on the way.
A lawyer who slapped a suit on Société Générale over its processing of payments for Cuba’s state bank has said further action against European and Canadian financial institutions is imminent...
A foreign exchange and payment service provider has lost its bid to claim damages from Royal Bank of Scotland (RBS), after the UK lender terminated its business accounts on suspicion they were...

Pages