Estonia’s finance minister has called for a reconsidered approach to anti-money laundering (AML) processes among the country’s banks, claiming that an overly risk-averse approach is restricting...
With international terrorist groups increasingly relying on cryptocurrency as a source of funding, terrorists and extremists within the U.S. are following suit, officials warned during a...
Finland has declared its intention to continue a strong campaign against financial crime, with an expanded team and a renewed focus on virtual currency providers.
As cross-border payments continue to grow, the decline in correspondent banking relationships driven by de-risking concerns remains a significant challenge for the sector, according to the U.S....
The defendant in a lawsuit over the filing of a suspicious activity report (SAR) is asking the U.S. Supreme Court to keep in place a lower court's ruling affirming that regulated entities have...
New guidelines apply from January 10, 2020 for the cooperation and exchange of information between EU member states’ competent authorities for credit and financial institutions. This analysis...
With U.S. regulators and lawmakers angling for enhanced disclosure requirements around beneficial ownership, officials are seeking banking sector input on the burden of complying with existing...
The EU is consulting on the definitions and uses of virtual currencies as it looks to further standardise regulatory approaches across the bloc.
Luxembourg has flagged the money laundering and terrorist financing risks posed by private banks in the country, listing some ongoing shortcomings in the risk mitigation measures carried out by...
After a 2019 in which payment firms found themselves running to keep up with new regulations and the efforts of authorities to fill the gaps in existing laws, many — including regulators — are...
Contention over the finer points of new payments regulation continued to rage in Europe, with industry and regulators clashing over issues with new strong authentication requirements and the...
Still behind Europe when it comes to the regulatory implementation of new measures such as open banking, the Americas nonetheless continued to make strides in the development of new payment systems...
A top U.S. Federal Reserve official warned this week that Facebook's planned Libra cryptocurrency could present "a number of risks" to consumers and the financial system — adding to the chorus of...
Turkey has been told to urgently address “serious shortcomings” in its anti-money laundering (AML) and counter-terrorist financing (CTF) framework.
Authorised payment service providers established in three or more EU member states will be subject to supervision by a club of regulators from each jurisdiction, under new guidelines that come into...
Six months after U.S. financial regulators issued clarification on reporting requirements for cryptocurrency providers, the industry appears to have received the message loud and clear, with the...

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