The European Banking Authority (EBA) has reiterated its concerns over the level of Brexit planning among some financial services firms, as the prospect of a no-deal departure looms closer in the...
On July 23, 2019, the Financial Conduct Authority (FCA) released a draft guidance paper on the fair treatment of vulnerable customers, aiming to provide clarity on its expectations regarding the...
On October 4, 2019, the Liechtenstein parliament approved the Token and VT Service Providers' Law (TVTG) on transaction systems based on trusted technologies, which will also be known as the...
On September 30, 2019, the National Assembly approved a bill to enhance penalties and sanctions for money laundering. The Anti-Money Laundering (Amendment) Bill 2019 aims to restructure the...
On October 4, 2019, the Finnish government announced it had approved a decision on the Cybersecurity Strategy 2019. The strategy is based on the Cybersecurity Strategy 2013 and its purpose is to...
On October 3, 2019, the French Prudential Regulatory Authority (ACPR) published a report on the anti-money laundering/counter-terrorism financing (AML/CTF) system of actors of transmission of funds...
Pakistan authorities have come under heavy criticism for poor oversight and enforcement within the country's lucrative remittance sector, after a new review of financial crime controls tipped it...
On October 2, 2019, the Asia/Pacific Group on Money Laundering (APG) published a mutual evaluation report on Pakistan. The report provides an analysis of the anti-money laundering/counter-terrorism...
The Danish Financial Supervisory Authority (FSA) has launched a consultation on amendments to the Payments Act, to allow the Competition and Consumer Authority to intervene if fees on direct debit...
Financial institutions headquartered in Europe but operating elsewhere face “significant” consequences if they do not identify conflicts between EU laws on anti-money laundering (AML) and those in...
Estonia’s minister of finance has said the country must bolster efforts against financial crime or risk falling onto a dreaded global blacklist of high-risk countries, ahead of an inspection by...
On September 30, 2019, the presidency of the Council of Ministers approved Decree Law no. 147/2019, containing a package of contingency measures to be put in place in the event of the UK departure...
On September 30, 2019, UK Finance announced the “Community Access to Cash Initiative”, which aims to help local communities secure access to cash and payment facilities. The initiative recognises...
Some of the world’s biggest banks are in talks with SWIFT about creating a shared platform for conducting sanctions screening.
On September 26, 2019, the central bank of Brazil (BCB) published Resolution no. 4.752, which amends certain sections of Resolution no. 4.658 from April 26, 2018, applicable to authorised...
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...

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