The Financial Action Task Force (FATF) said on Friday that regulators should subject Libra, Facebook’s mooted global payments platform, to recently introduced standards on crypto-assets.
Pakistan has been granted a further lifeline by the Financial Action Task Force (FATF) to avoid being added to a notorious group of blacklisted jurisdictions, as the global standards-setting body...
The European Parliament has recommended that virtual currency exchanges be scheduled for consideration in a proposed directive to recruit payment providers in the fight against VAT fraud.
A Turkish bank is fighting back against sanctions evasion charges by U.S. officials, dismissing the allegations as legal overreach and claiming they are motivated by a desire to punish the country...
On October 15, 2019, the Australian Transaction Reports and Analysis Centre (AUSTRAC) released proposed amendments to Chapter 11 of the AML/CTF Rules for public consultation. ...
Digital banks, money transfer operators and cryptocurrency firms in the UK are being exploited by complex networks of fraudsters and money mules, according to pioneering research by the banking and...
As liquidation of the scandal-ridden Estonian branch of Danske Bank begins, legal experts believe there is still a gap between authorities’ strong words on financial crime and the steps taken to...
On October 14, 2019, the Exchange Policy Department of the State Bank of Pakistan (SBP) published a framework document for authorised dealers on managing risks of trade-based money laundering and...
Australian payments and customer authentication provider iSignthis is under the microscope of the country’s stock exchange over its business with the cryptocurrency, foreign exchange and binary...
On October 14, 2019, the Financial Intelligence Analysis Unit (FIAU) released a consultation paper on proposed amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations ...
The head of Facebook’s controversial cryptocurrency project has said “intense” regulatory pressure prompted Visa and Mastercard to withdraw from the Libra Association, on the eve of its inaugural...
The UK sanctions watchdog has said it is mulling several cases in which it may impose fines as it recorded a slump in the value of possible breaches that were self-reported by firms last year.
A group of federal U.S. regulators has fired a warning to the cryptocurrency industry that anti-money laundering (AML) and counter-terrorism financing (CTF) requirements are based on what a...
European finance ministers appeared to move closer to giving Brussels a stronger hand in regulating financial institutions’ anti-money laundering and counter-terrorist financing controls following...
On October 10, 2019, Payments Canada launched a consultation on a proposed policy framework for its new real-time gross settlement, high-value payments system, Lynx, which is going to replace the...
The Financial Conduct Authority (FCA) has issued a stern warning to payment and e-money institutions over “unacceptable” practices in safeguarding client funds, as well as around risk governance...

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