The UN is working towards issuing further guidance on its sanctions operations to help firms navigate the increasingly complex array of requirements, amid rising concerns the current regime is...
The head of the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) has reiterated a call for beneficial ownership reforms to close “a dangerous gap” in the nation’s national security...
On June 12, 2019, the European Commission published a communication, “State of play of preparations of contingency measures for the withdrawal of the United Kingdom from the European Union”, on...
The UK’s Foreign Affairs Committee has slammed the government’s sanctions programme, calling for greater clarity on post-Brexit planning and pushing for the introduction of sanctions targeted...
On June 10, 2019, a group of senators — Tom Cotton (R-Arkansas), Mark R. Warner (D-Virginia), Doug Jones (D-Alabama), and Mike Rounds (R-South Dakota) — introduced a draft bill, the Improving...
On June 11, 2019, the Financial Supervisory Authority (Finansinspektionen) published the latest national risk assessment of money laundering, drafted by 16 authorities coordinating in the country,...
Western Union has agreed to a fine over allegations it violated U.S. sanctions by processing transactions to a recipient entity in the Gambia that was deemed to have ties to terrorism funding.
On June 7, 2019, the Conference of State Bank Supervisors (CSBS) published the first paper in a series on re-engineering the non-bank supervision industry, which provides an overview of non-bank...
On June 6, 2019, the Financial Stability Board (FSB) published a report on the financial stability, regulatory and governance implications of the use of decentralised financial technologies. The...
The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) is doubling down on efforts to stem cybercrime and keep watch over what it deems to be "high-risk" non-bank money services...
On June 6, 2019, the Monetary Authority of Singapore (MAS) launched a consultation paper proposing two new payment services notices on the prevention of money laundering and terrorist financing —...
On June 4, 2019, the Bank of Japan and the European Central Bank released the outcome of phase three of their joint research project on distributed ledger technology (DLT), "Synchronised cross...
A New Hampshire federal court's ruling that the Wire Act applies only to electronic sports gambling should be a significant reassurance to payment processors and providers operating in other types...
On June 4, 2019, the Reserve Bank of India (RBI) published a report on the payment systems and payment instruments present in India in comparison with other countries such as Australia, Brazil,...
On June 4, 2019, the Payments Council of India (PCI) announced that it supported the recommendations of the High-Level Committee on Deepening Digital Payments (CDDP) and encouraged their timely...
On February 19, 2019, the Financial Market Authority (FMA) launched a consultation seeking feedback on a draft circular in regard to the reporting obligation of supervised entities for the...

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