UK regulators are upping pressure on regulated payments businesses that incorporate unregulated crypto-assets into their product offering — but industry groups believe that distinction is not yet...
On September 5, 2018, Regeringskansliet, the Swedish Government Offices, published a proposal for the implementation into Swedish national law of the 5th Anti-Money Laundering Directive (Directive ...
The Bank of England’s decision to open up overnight deposits to non-banks has been welcomed as an embrace of innovation, but marks a recognition that an explosion in the use of specialist payment...
Federal initiatives on regulating fintech in the United States are continuing to progress slowly, with no firms yet signed up to a country-wide licensing programme and discussions still ongoing on...
On December 14, 2018, EMVCo, in line with its vision to facilitate worldwide interoperability and acceptance of secure payment transactions, released an updated version of the EMV® 3-D Secure (3DS)...
UK e-money firms have raised “serious concerns” about incoming restrictions on anonymous prepaid cards issued outside the EU, warning the government over the compliance burden that will fall on the...
On March 27, 2019, the Malta Financial Services Authority (MFSA) launched, in cooperation with the Financial Intelligence Analysis Unit (FIAU), a public consultation regarding guidance for credit...
Indian officials have agreed to reconsider controversial rules that payments-related data can only be stored within the country, after businesses restated their opposition in a recent government...
A long-awaited review into the UK’s beleaguered suspicious activity reporting regime has recommended that the government issue a definitive guidance document to help stem the flow of superfluous...
On April 15, 2019, HM Treasury released a consultation paper on the transposition of the 5th Anti-Money Laundering Directive (5th AMLD), by means of which it seeks feedback from all stakeholders in...
Australia’s payments regulator has proposed an overhaul of the country’s real-time payments system, including direct access for non-banks, after it was attacked by payment service providers and...
On June 12, 2019, the European Commission published a communication, “State of play of preparations of contingency measures for the withdrawal of the United Kingdom from the European Union”, on...
On June 11, 2019, the Financial Supervisory Authority (Finansinspektionen) published the latest national risk assessment of money laundering, drafted by 16 authorities coordinating in the country,...
UK regulators have told e-money issuer Allied Wallet to stop providing payment services, after federal authorities in the United States accused the company of facilitating fraudulent transactions...
The UK’s financial regulator has announced a long-awaited crackdown on the fees that financial institutions can charge customers when payments are declined due to insufficient funds.
A New Hampshire federal court's ruling that the Wire Act applies only to electronic sports gambling should be a significant reassurance to payment processors and providers operating in other types...

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