The European Commission will prioritise making future anti-money laundering rules directly applicable in all member states, after widespread failures at national level to introduce reforms fully...
On August 9, 2019, Bank Negara Malaysia (BNM) issued an exposure draft titled “Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) – Money Services Business (Sector 3) (Supplementary...
On September 18, 2019, the Hong Kong Customs and Excise Department released a circular on new licensing requirements for money service operators (MSOs)....
The head of the G7 group analysing the proposed Libra payment system has called for a world in which private currencies exist alongside publicly-backed means of payment.
On September 18, 2019, the Lithuanian parliament (Seimas) published amendments to the Money Laundering and Terrorist Financing Prevention Law VIII-275, modifying Articles 2, 4, 5, 7, 8, 9, 10, 11,...
The Reserve Bank of India (RBI) has published a discussion paper on guidelines for payment gateways and payment aggregators, which takes a look at the activities of payment gateways and payment...
Swedbank has acknowledged failings in its responsibility to prevent financial crime in a letter to regulators in Sweden and Estonia, promising improvements before an internal review of the...
The UK’s Financial Conduct Authority (FCA) has reiterated that a no-deal Brexit retains the capacity to severely disrupt the movement of retail payments and data, amid difficulties between UK and...
Representatives of the Libra Association tackled mounting concerns about Facebook’s mooted global payments system during a meeting with 27 central banks in Switzerland on Monday.
The Federal Ministry of Finance (BMF) announced in a joint press release with the German Federal Bank (Deutsche Bundesbank) the decision to set up a programme with TIBER-DE to strengthen the cyber...
The government of Malta has been chastened by a damning assessment of its anti-financial crime framework, as MONEYVAL described local financial institutions as more fearful of correspondent banks...
On April 8, 2019, the Reserve Bank of Australia (RBA) and the Australian Payments Council (APC) released a consultation paper seeking feedback on the migration of the messaging of the Australian...
U.S. enforcement authorities have shot a warning to firms seeking to build an international payment network based on cryptocurrency, emphasising the need to obey its anti-money laundering (AML)...
MONEYVAL has instructed Moldovan authorities to keep a closer eye on inbound remittance flows, a revenue stream that accounts for a significant proportion of the country’s GDP.
On September 11, 2019, the Treasury released a set of draft legislation for public comment, which implements the recommendations issued by the ASIC Enforcement Review Taskforce Report.
Australia’s financial crime watchdog has issued a fine to a money transfer business for failing to report overseas funds transfers.

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