Industry insiders are warning that uncertainty over the direction of EU financial crime reforms could leave payments firms facing an uphill struggle to meet future changes.
Indonesia has an evolving payments market with several electronic (e-wallet) services available. This report takes a closer look at the new processing regulations for payment services in the...
Non-profit pressure group Allied Progress has restated its support for the Consumer Financial Protection Bureau’s rule on prepaid accounts, despite industry joy about the six-month delay of its...
The U.S.’ Consumer Financial Protection Bureau (CFPB) has proposed to delay the entry into force of controversial new rules on prepaid cards by six months, after widespread industry concerns.
Payments firms are concerned that anti-money laundering reforms will give EU member states too much freedom around central contact points, risking fragmentation across the single market.
UK financial regulators have proposed a 50 percent discount for firms required to reapply for authorisation — which includes all payment and e-money institutions — although extra costs are...
On March 21, the Joint Money Laundering Steering Group (JMLSG), which comprises leading UK trade associations in the financial services industry, launched a public consultation on the proposed...
A House of Lords committee has issued a report condemning the “unacceptable” level of financial exclusions in the UK, urging the Financial Conduct Authority to enforce the provision of account...
On March 20, 2017 the Reserve Bank of India (RBI) published for public comment a draft circular on “Master Directions on Issuance and Operation of Pre-Paid Payment Instruments (PPIs) in India”....
On March 13, 2017 the Federal Reserve Bank of Boston (FRBB) published a paper called "Choosing a Mobile Wallet: The Consumer Perspective", providing information on United States’ mobile payments,...
On March 16, 2017 the Financial Conduct Authority (FCA) launched a public consultation on draft guidance for the treatment of politically exposed persons (PEPs) under the Money Laundering,...
Money services and banks are being urged to bolster their fight against human trafficking through their handling of financial data, as analysts flag the role of online payments and prepaid cards...
On March 10, 2017 the Central Bank of Chile (CBC) launched a public consultation on the issuance and operation of payment cards....
On March 15, 2017, HM Treasury published an outline of the responses received to a consultation carried out between September 15, 2016 and November 10, 2016 on the transposition of the 4th Anti...
On March 8, 2017 the Ministry of Electronics & Information Technology of India published a draft of the Information Technology (Security of Prepaid Payment Instruments) Rules 2017 and is...
The UK government has set out its plans for implementing the 4th Anti-Money Laundering Directive (4th AMLD), indicating that it intends to meet the June 26 deadline despite concerns about future...

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