On June 26, 2019, the Reserve Bank of India (RBI) published a set of FAQs on the storage of payment system data to ensure compliance with the data processing and storage guidelines by all payment...
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...
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...
Abiding by the ever-expanding reach of global sanctions laws is a growing worry for compliance teams at payment firms and banks, and the UK’s departure from the European Union could be about to...
The U.S. threatened to cut off foreign financial institutions from U.S. correspondent banking networks on Monday night as President Donald Trump issued sweeping new sanctions against Iran’s leaders.
European regulators have handed a major lifeline to card firms and retailers by giving them more time to comply with incoming security reforms, but experts say more work will be needed at national...
Regulators in Europe have staked out claims to supervise Facebook’s nascent global payments system, as the world’s club of central banks caution over the shadow technology giants are casting over...
On June 20, 2019, the Standing Committee on Public Safety and National Security in the House of Commons released a report on cybersecurity in the financial sector as a national security issue. ...
The European Banking Authority has agreed to give payment providers more time to prepare for September’s controversial strong authentication reforms, after pleas for flexibility from across the...
On June 19, 2019, the Euro Banking Association (ABE-EBA), a practitioners’ body for banks and other service providers supporting a pan-European vision for payments through its initiative SMART2,...
The former head of the U.S.’ sanctions authority has said INSTEX, the payment instrument set up in Europe to enable trade with Iran, is unlikely to ever see success regardless of whether it enables...
U.S. payment providers in the betting market say they are working on a compliance model that can be deployed as soon as a state regulator gives the green light to sports betting, essentially...
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...
Germany has barred a payment provider from trading with what state regulators maintain are illegal online casinos and secondary lottery operators and promised that more bans are to come.
On June 14, 2019, the Ministry of Communications and Information Society (MCIS) released Order No. 553 of June 5, 2019 regulating the procedure for endorsement of electronic payment instruments...

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