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...
Amid continued efforts to combat money laundering in the United States, officials are keeping their crosshairs on the use of shell companies to facilitate financial crimes and urging stricter...
On May 21, 2019, the National Bank of Romania (NBR) published a consultation on draft regulations on preventing and combating money laundering and terrorism financing....
The Philippines is open for business for fintech firms, the country’s central bank and payments regulator has told PaymentsCompliance, as authorities pursue a vigorous financial inclusion drive.
UK lawmakers have suggested that the Financial Conduct Authority (FCA) could play a greater role in sanctions implementation, as legislators bring greater pressure to introduce a Magnitsky-style...
On May 17, 2019, the European Council adopted a framework that will enable the EU for the first time to impose sanctions on those responsible (persons or entities) for cyber-attacks threatening the...
A gang of international cybercriminals that used a network of malware-infected computers and money mule accounts to attempt the theft of $100m from thousands of victims has been indicted by a U.S....
On May 14, 2019, the National Crime Agency (NCA) published the national strategic assessment of serious and organised crime, which provides an overview of the serious and organised crime present in...
Authorities worldwide should consider giving e-money firms access to central bank funds unlocking “enormous benefits for cross-border payments”, according to a director at the International...
Europe’s financial sector is aiming high for greater alignment between US and EU regulatory regimes in the sector, but experts warn that ongoing divergence in attitudes toward data protection could...
On May 13, 2019, SWIFT published its findings on how financial institutions in India can improve monitoring anomalous transactions and listed key developments in the Customer Security Programme ...
On May 13, 2019, the Treasury Select Committee published a report on consumers’ access to financial services, following the launch of an inquiry in November 2018 to assess the Financial Conduct...
Questions remain about how central bank digital currency would be treated from a regulatory standpoint, with its functional status as e-money butting up against the intention for it to serve as an...
On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN) published interpretive guidance reminding persons subject to the Bank Secrecy Act (BSA) how its regulations relating to money...
On May 8, 2019, the Chamber of Representatives announced that a parliamentary proposal requiring companies to provide at least one digital payment method had been introduced in the Belgian...

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