On September 26, 2019, the Ministry of Finance and the Ministry of Justice and Security published a consultation on the implementation decision on amendments to the 4th Anti-Money Laundering...
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...
The Financial Markets Authority (FMA) has issued a press release stating that the government will introduce a new regime to regulate financial conduct, with the aim of providing customers with...
On May 27, 2019, the European Payments Council (EPC) published two documents: a clarification paper on SEPA Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst) Rulebooks (Version 1.4)...
Authorities in Germany have searched the premises of Deutsche Bank in Frankfurt in connection with the Danske Bank money laundering scandal, prosecutors and the company have confirmed.
On September 25, 2019, the French Prudential Supervision and Resolution Authority (ACPR) published a report from the Anti-Money Laundering and Terrorist Financing Policy Board (COLB), which...
On September 23, 2019, the National Institute for Transparency, Access to Information and Protection of Personal Data (INAI) published Communication INAI/344/19, which states that the country's...
Banks and payment institutions are bracing for even more sanctions compliance headaches as the UK government confirms it will introduce its own Magnitsky regime after Brexit.
Australia’s financial crime regulator has ordered global payment services giant PayPal to conduct an audit of its reporting of international money transfers amid concerns the service has been used...
The Ministry for General Government Affairs and Finance has published the approved amendment to Annex 3 of the Due Diligence Ordinance (Law Gazette No. 2019/232). The amendment includes the...
On September 20, 2019, the Bulgarian Ministry of Finance published a consultation on the Draft Law on Amendments and Supplementing Law on Payment Services and Payment Systems (LPSPS). The draft law...
A UK bank has agreed to pay a penalty to the United States' sanctions enforcer despite believing it had structured transactions to avoid coming into contact with the U.S. financial system.
On September 20, 2019, the Ministry of Finance published an agreement titled "Strengthening the Possibilities for Intervention on Fees for Payment Services", which allows the minister of business...
On September 23, 2019, the French Prudential Supervision and Resolution Authority (ACPR) released a report from a working group called “Forum Fintech ACPR-AMF”, made up of representatives of...
On September 20, 2019, the Central Bank of the Russian Federation (CBR) launched a consultation on a draft ordinance “on amendments to the CBR Ordinance July 20, 2016 No. 4078-U 'on requirements...
Fintech is at an early stage of adoption in Turkey, but its market is one of the most rapidly expanding in the world. It is estimated that there are currently more than 200 fintechs operating in...

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