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...
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 8, 2019, the European Payments Council (EPC) published a guidance document providing details on how to instruct the extended remittance information (ERI) and lists a number of practical...
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...

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