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...
On July 8, 2019, Banco de Portugal, the country's central bank, launched a public consultation seeking feedback on its proposed instruction for reporting cybersecurity incidents. The aim of the...
On July 4, 2019, the Cypriot Ministry of Finance published the country’s National Strategy for Decentralised Technologies (Blockchain), which explores the full implementation of blockchain...
UK payment providers have welcomed industry-led attempts to improve their access to bank account services, but called on government and regulators to give greater support to a sector still...
On July 5, 2019, the Financial Action Task Force (FATF) published a report on terrorist financing risk assessment guidance. The guidance aims to assist practitioners with assessing and identifying...
On July 5, 2019, the Norwegian Financial Supervisory Authority (Finantilsynet) published an updated version of its risk assessment on money laundering and terrorist financing, which was initially...
The UK financial regulator’s approach to supervising non-bank payment service providers has come under scrutiny following its finding that some were not properly safeguarding client funds.
On July 5, 2019, the Monetary Authority of Singapore (MAS) released a consultation paper on proposed payment services notices and guidelines. ...
On July 4, 2019, the Financial Conduct Authority (FCA) published an announcement on the safeguarding arrangements of non-bank payment service providers. The FCA states that under the Electronic...

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