The European Commission will prioritise making future anti-money laundering rules directly applicable in all member states, after widespread failures at national level to introduce reforms fully...
On August 9, 2019, Bank Negara Malaysia (BNM) issued an exposure draft titled “Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) – Money Services Business (Sector 3) (Supplementary...
On September 18, 2019, the Lithuanian parliament (Seimas) published amendments to the Money Laundering and Terrorist Financing Prevention Law VIII-275, modifying Articles 2, 4, 5, 7, 8, 9, 10, 11,...
The Reserve Bank of India (RBI) has published a discussion paper on guidelines for payment gateways and payment aggregators, which takes a look at the activities of payment gateways and payment...
The Federal Ministry of Finance (BMF) announced in a joint press release with the German Federal Bank (Deutsche Bundesbank) the decision to set up a programme with TIBER-DE to strengthen the cyber...
The Swedish Gambling Authority, Spelinspektionen, has written to around 170 payment providers across the EU warning that they could be violating Swedish law if they process transactions on behalf...
On September 11, 2019, the Treasury released a set of draft legislation for public comment, which implements the recommendations issued by the ASIC Enforcement Review Taskforce Report.
On September 9, 2019, the Ministry of Finance published a regulation on reporting procedures for the funds of electronic money institutions, principles for calculating the minimum value of an...
On September 6, 2019, the Malta Financial Service Authority (MFSA) published its three-year strategic plan for 2019-2021, focusing on strengthening the MFSA and preparing for the next generation of...
Awareness of money laundering and terrorist financing risks among smaller money service operators in Hong Kong has been criticised as lacklustre by the Financial Action Task Force (FATF).
Ireland’s central bank has urged financial institutions not to put “blind faith” in automated systems that are widely used to conduct transaction monitoring.
On September 6, 2019, the Central Bank of Ireland (CBI) published Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Guidelines for the Financial Sector. ...
On September 2, 2019, the Ministry of Finance published a report by the steering committee on fintech-related issues. ...
The UK’s Financial Conduct Authority (FCA) has hit out at the enablers of an “epidemic” of fraud, led by a surge in investment scams that are largely peddled online.
South Africa is looking to South-East Asia as inspiration for the next phase of its payments development, drawing lessons from hands-on intervention by the region’s national authorities.
On September 2, 2019, a new regulation, the Submission of Statistical Data on Fraud Related to Different Payment Methods, from the Ministry of Finance was published in the Official Gazette of...

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