On August 1, 2019, EMVCo announced the advancement of its testing programme to streamline the deployment and acceptance of contactless payment technologies worldwide. ...
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...
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...
On January 23, 2019, the Financial Conduct Authority (FCA) launched a ten-week consultation seeking feedback on its proposed crypto-assets guidance. The consultation paper comes as a response to...
Ukraine’s top financial regulator has embarked on a campaign to liberalise the country’s payments market that will allow non-banks to issue electronic money and payment cards for the first time.
On July 30, 2019, the Bank of Italy published information on new services for accessing payment accounts under the revised Payment Services Directive (PSD2)....
On July 29, 2019, the Russian Electronic Money and Remittance Association (REMA) published a statement in regard to amendments to payments legislation which bans depositing to anonymous electronic...
Platforms that allow anonymous transactions such as prepaid cards and cryptocurrencies remain pressing threats to financial integrity in Europe, the European Commission said on Wednesday, as it...
On July 23, 2019, the Malta Financial Services Authority (MFSA) announced by way of a circular that the Financial Intelligence Analysis Unit (FIAU) has published revisions to the Implementing...
Hong Kong’s financial regulator said it will adjust rules governing prepaid money providers, following a review of the sector’s vulnerability to money laundering and terrorist financing.
The independent complaints commissioner for the UK’s financial regulators has excoriated the Financial Conduct Authority (FCA) for myriad failings in handling complaints from regulated businesses...
The UK government has announced that it is considering the approach to financial regulation at the macro level in the country, calling for views on the roles of the various regulators as it...
The EU’s top payments regulator has expressed concerns that national authorities place different conditions on firms seeking authorisation, and may issue new guidelines to avoid regulatory...
The UK’s Financial Conduct Authority (FCA) has admitted its register of regulated firms contains “data quality issues” and will invest £5m in improvements, after outrage that legitimate businesses...
The European Data Protection Board (EDPB) has published its 2018 annual report, providing an overview of the key developments of the board for the reporting period. The report summarises the board...

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