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...
After finding “significant shortcomings” in firms’ compliance with rules on safeguarding customer funds, UK regulators have instructed payment and e-money firms to carry out an urgent review of...
On July 3, 2019, the Council of Ministers introduced before parliament a bill including amendments and additions to the Law on Measures against Money Laundering. This law was adopted in March 2018...
UK authorities have vowed to look “beyond the hype” around stablecoins, and Facebook’s Libra project in particular, ensuring instead that crypto firms providing payment or e-money services are...
On July 1, 2019, the Bank of Spain launched a consultation on Circular xx / 2019, of xx on the publicity of products and banking services, developing the rules, principles and criteria to which...
The Swedish government (Regeringskansliet) has published a memorandum containing proposals for strengthening consumer protection when payment services are provided....
On June 28, 2019, the European Payments Council (EPC) published a consultation on electronic invoice presentment and payment (EIPP): ISO 20022 Business Justification and Message Definition Report....
The Reserve Bank of India has brushed aside pleas from global payments giants and pushed ahead with strict controls over data storage, despite suggestions from the government that it was...
Firms in Malta continue to under-report suspect transactions, the country’s financial investigators have said, despite a doubling in the number of suspicious transaction reports received over the...

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