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...
On December 11, 2018, the Ministry of Finance and the Ministry of Justice and Security published a consultation paper on the draft bill that makes amendments to the 4th Anti-Money Laundering...
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...
On July 1, 2019, the Dutch Ministry of Finance and the Ministry of Justice and Security presented an action plan on money laundering. The government proposes to amend the Money Laundering and...
Royal Decree-Law 19/2018 came into force on November 25, 2018 transposing the revised Payment Services Directive (PSD2). Spain transposed the 4th Anti-Money Laundering Directive (4th AMLD) by...
On June 28, 2019, the European Payments Council (EPC) published a consultation on electronic invoice presentment and payment (EIPP): ISO 20022 Business Justification and Message Definition Report....
The influential Wolfsberg Group has published an update to its guidance on due diligence for correspondent banking relationships, after recent reports from international bodies revealed de-risking...
From September, European firms will need to tread even more carefully around their operations in third countries when it comes to anti-money laundering (AML) — but idiosyncratic data protection...
The Reserve Bank of India has brushed aside pleas from global payments giants and pushed ahead with strict controls over data storage, despite suggestions from the government that it was...

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