On June 3, 2019, the New Payments Platforms (NPP) Australia released a QR Code Standard for the NPP, which is addressed to payment providers and facilitators and provides details on required...
On June 3, 2019, Danmarks Nationalbank published a report on the financial infrastructure in Denmark. The report provides insights on the work undertaken by the central bank regarding the...
On May 31, 2019, the Financial Supervisory Authority (Finanstilsynet) published Circular 8/2019 titled “Advisory Guidelines to the Money Laundering Act” (Veileder til hvitvaskingsloven), which aims...
The UK government is standing by plans to establish a new payment system circumventing US restrictions on trade with Iran, despite fresh threats of sanctions from across the Atlantic.
The Payment Systems Regulator (PSR) has launched a public consultation, aimed at collecting feedback from payment service providers and card payments processors, including card-issuing banks, e...
Germany’s long-standing direct debit-based system of point of sale payments lost ground to the interbank Girocard system for the first time in 2018, with interchange fee reforms prompting merchants...
A two-speed approach to arrest the decline in correspondent banking relationships is emerging, an influential monitoring group warned on Wednesday, with some jurisdictions making leaps in...
Germany’s top payment services regulator has revealed a recent crackdown on businesses transferring funds for online trading platforms without authorisation.
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)...
On May 24, 2019, the Federal Ministry of Finance in Germany announced the launch of a consultation seeking feedback in relation to a draft law aiming to transpose the provisions of the 5th Anti...
The number of correspondent banking relationships around the world has dropped by nearly a quarter over the last seven years, according to new data collected by SWIFT.
The European Payments Council (EPC) has released its final draft on mobile-initiated SEPA credit transfer interoperability implementation guidelines for a three-month public consultation....
On April 25, 2019, the European Payments Council (EPC) announced that it is preparing a public consultation document on amendments to version 1.0 of the SPL Scheme Rulebook....
Sweden has taken action to close a long-standing loophole in its anti-money laundering (AML) regime by bringing branches of foreign credit institutions operating in the country into the remit of...
Banks and other financial institutions are failing to grapple with the complex task of ensuring business with the commodities shipping sector does not lure them into the rocky shores of non...
On May 22, 2019, the Financial Supervisory Authority (Finansinspektionen – FI) announced that it intends to abide by and implement the European supervisory authorities’ (ESAs) common guidelines on...

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