On August 7, 2019, the Finnish Ministry of Justice published a consultation seeking responses on the experiences and challenges faced while applying the General Data Protection Regulation (GDPR) in...
On August 6, 2019, the Monetary Authority of Singapore (MAS) published a new set of operational rules for financial institutions to improve cybersecurity resilience in the city-state’s financial...
Lithuania’s central bank has suspended most activities of SatchelPay, an authorised e-money institution, saying it broke the law by only providing its annual financial accounts three months after...
On August 1, 2019, the Central Bank of Nigeria (CBN) published a set of guidelines in regard to transparency and disclosure and responsible business conduct, with the aim of enhancing the consumer...
On December 7, 2018, a group of State Duma MPs submitted a draft law on amendments to Law No. 161 FZ "On national payment systems", June 27, 2011, to establish new requirements for registering...
Criminal groups are using cryptocurrencies in conjunction with prepaid cards, bank accounts and gambling services to launder illicit funds, according to extensive new research by blockchain...
E-money firm ipagoo has collapsed after being ordered by UK regulators to stop providing payment services, with customers facing an anxious wait to find out whether they can recover funds.
On August 2, 2019, the Financial Supervisory Authority (Finansinspektionen - FSA) issued a consultation on the draft updated rules and regulations on the management of operational risks in...
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...

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