Financial institutions are being urged to stem the flow of illicit funds from illegal wildlife trafficking, which drives as much as $23bn in revenue per year and is set to become an area of focus...
On July 9, 2019, the government of Liechtenstein adopted a consultation report from the Ministry for General Government Affairs and Finance on a proposed bill to amend existing e-government law,...
A coalition of European authorities has urged lawmakers to look at harmonising EU supervision across the financial services sector, warning that existing fragmentation can result in regulatory...
On July 8, 2019, Banco de Portugal, the country's central bank, launched a public consultation seeking feedback on its proposed instruction for reporting cybersecurity incidents. The aim of the...
On July 9, 2019, the joint committee of the European supervisory authorities (ESAs) — the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European...
On July 5, 2019, the Financial Action Task Force (FATF) published a report on terrorist financing risk assessment guidance. The guidance aims to assist practitioners with assessing and identifying...
The European Banking Authority (EBA) has published a report on the impact of fintech on the business models of payment institutions (PIs) and electronic money institutions (EMIs). The report...
On July 5, 2019, the Norwegian Financial Supervisory Authority (Finantilsynet) published an updated version of its risk assessment on money laundering and terrorist financing, which was initially...
Facebook’s Libra has the potential to shake up a global remittances market long in need of reform, experts believe, but much will hinge on the opinions of a diverse array of regulators in...
On July 5, 2019, the Monetary Authority of Singapore (MAS) released a consultation paper on proposed payment services notices and guidelines. ...
On July 4, 2019, the Financial Conduct Authority (FCA) published an announcement on the safeguarding arrangements of non-bank payment service providers. The FCA states that under the Electronic...
On July 3, 2019, the Council of Ministers introduced before parliament a bill including amendments and additions to the Law on Measures against Money Laundering. This law was adopted in March 2018...
A think tank specialising in terrorist financing has warned that Hamas and Islamic State are finding new ways of using Bitcoin to evade detection by banks, crypto exchanges and law enforcement.
New Payments Platform (NPP) Australia has released a white paper on the next generation of real-time payments. The paper explores the key trends, opportunities and challenges of the global real...
On July 1, 2019, the Bank of Spain launched a consultation on Circular xx / 2019, of xx on the publicity of products and banking services, developing the rules, principles and criteria to which...
The Dutch government has laid out an ambitious programme of reform for its anti-money laundering efforts, with recent high-profile failures nipping at the country’s heels ahead of a major review of...

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