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...
On May 17, 2019, the State Bank of Vietnam (SBV) made an announcement that it approves the Report on the National Risk Assessment (NRA) of Money Laundering and Terrorist Financing for the 2012-2017...
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...
On May 17, 2019, the Payments Council of India (PCI) welcomed the circular issued by the Ministry of Finance on how reporting entitites other than banks can now authenticate a client's Aadhaar...
On May 16, 2019, the State Data Protection Inspectorate announced its decision to impose an administrative fine under the General Data Protection Regulation (GDPR) on the company UAB MisterTango,...
On May 15, 2019, the Australian Securities and Investments Commission (ASIC) launched a consultation on proposals to update its Internal Dispute Resolution (IDR) standards, which apply to...
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...
On September 13, 2017 the European Parliament and the European Council introduced a proposal for a directive on combating fraud and counterfeiting of non-cash means of payment and replacing Council...
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...
The U.S. Consumer Financial Protection Bureau (CFPB) has beaten back another legal challenge to its leadership structure, with a federal appellate court ruling that the agency's single-director...
Payment providers in the United States have “tremendous confidence” that facilitating transactions linked to sports betting and online gambling will not be deemed a violation of the Wire Act,...
On March 13, 2019, the Danish parliament published Proposal L 204 on a law amending the Act on preventive measures against money laundering and terrorist financing (Money Laundering Act) and the...
On April 30, 2019, the Central Bank of the Bahamas released its annual report for 2018, which provides an insight into the bank’s operations over the previous year, analysis of the regulatory...
On April 30, 2019, a series of acts, either newly introduced in their entirety or already existing but partially amended, were published in the Finnish official gazette upon their adoption by the...
Small banks and credit unions in the United States have been given cause for hope, after the top consumer protection regulator said it was open to amending rules on remittances that have long been...
On April 30, 2019, the State Administration of Foreign Exchange (SAFE) issued “Notice of Measures Administering Foreign Exchange Business of Payment Institutions”. The measures are addressed to...

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