Australia’s financial services regulator has put the brakes on Revolut’s expansion in the country, ordering the payment services provider to halt onboarding of new customers while its licence...
Top banking industry groups have backed lawmakers’ recommendation for the UK government to compel all payment service providers to reimburse innocent fraud victims.
The Financial Action Task Force (FATF), a global standards-setter for combating money laundering and terrorist financing, has turned its attention to the issue of digital identity, seeking feedback...
New standards on reimbursing innocent fraud victims should be legally mandated and first-time payments should only be executed after a day’s delay, UK lawmakers have said in a new report on...
Hungarian regulators have proposed initiatives aimed at boosting financial innovation in a market still dominated by cash, including speedier licensing, digital ID requirements and industry-wide...
The European Banking Authority (EBA) has called for new legislation after finding fintechs passporting across member states are held back by fragmented regulatory oversight, including rules on...
Australian payment services provider iSignthis has revealed that a quarter of its revenue in the first half of last year came from contracts-for-difference (CFD) brokers, which a regulator said...
The Bank of Lithuania has fined electronic money institution Mistertango €245,000 over repeated failures in its anti-money laundering (AML) and counter-terrorist financing (CTF) controls.
The Dutch competition regulator is set to probe the impact of US and Chinese big technology firms on the country’s payments market, hinting at concerns their entry into the Netherlands could...
A legal challenge to the constitutionality of the U.S. Consumer Financial Protection Bureau (CFPB) is set to go before the Supreme Court.
The European Parliament has recommended that virtual currency exchanges be scheduled for consideration in a proposed directive to recruit payment providers in the fight against VAT fraud.
The Financial Conduct Authority (FCA) has sided with the Treasury Committee on a row over its regulatory perimeter, after the government rejected proposals to give the authority more power over...
The UK could depart from the EU in just two weeks after Prime Minister Boris Johnson agreed a revised withdrawal agreement with his counterparts in Brussels, although it is far from certain...
On October 15, 2019, the Australian Transaction Reports and Analysis Centre (AUSTRAC) released proposed amendments to Chapter 11 of the AML/CTF Rules for public consultation. ...
Australian payments and customer authentication provider iSignthis is under the microscope of the country’s stock exchange over its business with the cryptocurrency, foreign exchange and binary...
On October 14, 2019, the Financial Intelligence Analysis Unit (FIAU) released a consultation paper on proposed amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations ...

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