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...
On July 17, 2019, the European Data Protection Supervisor (EDPS) adopted its list of the kinds of processing operations that require and those that do not require a data protection impact...
On July 16, 2019, the Bank of Lithuania announced that it is seeking an innovative solution to the mandatory reporting scheme, under which all participants in the Lithuanian financial market are...
The International Monetary Fund (IMF) has backed moves to allow e-money providers to settle payments directly through central banks, touting the payments technology as a potential barrier to market...
A New York gang of fraudsters has been indicted for allegedly running a prepaid gift card laundering ring that turned a profit of a million dollars per month.
Kenya’s gambling regulator has ordered Safaricom, the telecoms firm that operates mobile money giant M-Pesa, to suspend the modes of transactions frequently used by a list of 25 gambling operators.
On July 11, 2019, the Department of Finance of Canada published regulations amending certain regulations made under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act 2019 to...
On July 9, 2019, the Bank of Israel released a policy paper in which it states its position in relation to the issue of banks’ payments application activity....
A coalition of European authorities has urged lawmakers to look at harmonising EU supervision across the financial services sector, warning that existing fragmentation can result in regulatory...

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