On August 7, 2019, the Finnish Ministry of Justice published a consultation seeking responses on the experiences and challenges faced while applying the General Data Protection Regulation (GDPR) in...
Following the adoption of amendments to the EU Cross-Border Payments Regulation in March 2019, PaymentsCompliance provides detail on these regulations and the new obligations for payments providers...
On August 8, 2019, Banque du Liban, the central bank of Lebanon, released Circular no. 523 with the title “Regulations on the Control of Financial and Banking Operations for Fighting Money...
On May 21, 2019, the Ministry of Finance issued a public consultation on amendments to the Payment Systems Act in light of the adoption of Regulation (EU) 2019/518 on cross-border payments (the...
U.S. President Donald Trump has issued an executive order freezing the assets of the Venezuelan government under the administration of Nicolas Maduro, blocking transfers into and out of the United...
On December 7, 2018, a group of State Duma MPs submitted a draft law on amendments to Law No. 161 FZ "On national payment systems", June 27, 2011, to establish new requirements for registering...
On August 2, 2019, the Financial Supervisory Authority (Finansinspektionen - FSA) issued a consultation on the draft updated rules and regulations on the management of operational risks in...
As Portugal’s economy continues to show signs of recovery, the country’s payment system is being transformed, driven by the transposition of the revised Payment Services Directive (PSD2) and the EU...
The Payment Systems Regulator (PSR) has published the finalised version of its Specific Direction 10 (confirmation of payee), by means of which it requires members of the UK’s six largest banking...
On May 9, 2019, the Payment Systems Regulator (PSR) initiated a follow-up consultation on confirmation of payee (CoP), including its revised approach alongside the legal text of the proposed...
The Financial Conduct Authority (FCA) has issued a policy statement on crypto-assets, responding to industry confusion in the UK over the fine line between unregulated cryptocurrencies and...
On July 30, 2019, the Bank of Italy published provisions on the subject of adequate customer verification to combat money laundering and terrorist financing with the aim of implementing the 4th...
As bank de-risking continues to plague the worldwide financial system, U.S officials are encouraging regulated institutions to assess risk on a case-by-case basis, rather than making blanket...
On July 26, 2019, the Australian government launched a public consultation on the Currency (Restrictions on the Use of Cash) Bill 2019, which, as noted in the explanatory memorandum, introduces...
On July 26, 2019, the European Credit Sector Associations (ECSAs), the European Third Party Providers Association (ETPPA) and the Financial Data and Technology Association (FDATA) issued a joint...
The European Commission has thrown its weight behind a move to make EU anti-money laundering (AML) regulation directly applicable in member state law as it lashed member states for fumbling...

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