A foreign exchange and payment service provider has lost its bid to claim damages from Royal Bank of Scotland (RBS), after the UK lender terminated its business accounts on suspicion they were...
Financial institutions in the United States are still failing to grapple with ballooning payment fraud perpetrated by criminals using made-up identities, the Federal Reserve has warned.
Financial institutions are being urged to stem the flow of illicit funds from illegal wildlife trafficking, which drives as much as $23bn in revenue per year and is set to become an area of focus...
The UK’s data protection watchdog has announced its intention to slap hotel group Marriott International Inc with a £99.2m fine over a four-year-long data breach that involved millions of guests’...
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...
The French central bank has confirmed it will grant payment providers more time to comply with incoming strong authentication rules, recognising widespread concerns about the technological work...
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 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.
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...
Denmark’s regulator has acknowledged concerns from the European Banking Authority about industry readiness for forthcoming strong authentication reforms, tentatively opening its doors to firms...
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...
Stripe is being targeted by anti-racism campaigners for continuing to process payments for far-right extremists in the United States and Europe, highlighting the reputational risk to payment...
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...
This Q&A provides a high level view of the regulatory regime for both gambling operators and payment institutions in France, in addition it outlines the main payment brands in the country and...
This report provides an overview of payment methods in the gambling industry, with information on the preferred methods of payment by players in the UK. The report details regulatory aspects, such...

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