The influential Bank for International Settlements (BIS) has called for greater cooperation among regulators and supervisors in response to increasingly sophisticated payments technology.
On February 16, 2018, the Swiss Financial Market Supervisory Authority (FINMA) issued a guidance paper on initial coin offerings (ICOs), which FINMA describes as “a digital blockchain-based form of...
On February 19, 2018 the Australian Transaction Reports and Analysis Centre (AUSTRAC) published guidance for pubs and clubs on preparing and implementing an anti-money laundering and counter...
On February 15, 2018, the Financial Crimes Enforcement Network (FinCEN), together with the Office of the Controller of Currency and the U.S. Department of Justice, imposed a civil money penalty of ...
On February 16, 2018, the Committee on Payments and Market Infrastructures of the Bank for International Settlements released a report on cross-border retail payments, informing of the challenges...
U.S. banks are shutting accounts of payment companies as a competitive tactic, not only for compliance concerns, industry representatives have complained.
On February 6, 2018, the Department of Financial Policy at the Ministry of Finance published a draft law on the detection and prevention of money laundering and terrorism financing, incorporating...
India’s central bank is continuing to investigate regulatory changes to enable sustained development of its burgeoning fintech sector, but legal experts have doubts that the findings will...
Bermuda has unveiled the latest in a series of regulatory adjustments as the country readies itself for a comprehensive assessment of its anti-money laundering (AML) regime this year.
As the new UK Sanctions and Anti-Money Laundering Bill prepares to face the Commons, there are suggestions that it could result in significant new powers for enforcement authorities.
Europe’s top financial watchdogs have warned consumers of the high-risk nature of virtual currencies, the latest in a raft of regulators to raise serious concerns about the unregulated products.
The 4th Anti-Money Laundering Directive (Directive (EU) 2015/849), also known as the 4th AMLD, has brought in a set of obligations for the European Commission, European supervisory authorities ...
The Ministry of Finance and Development is consulting on a bill which will be implementing into Polish legal provisions the 4th Anti-Money Laundering Directive, as well as the recommendations of...
Malta’s anti-money laundering watchdog has issued new guidance to financial firms to help flag suspicious transactions that may be linked to the funding of terrorism.  
On February 6, 2018, the Australian Transaction Reports and Analysis Centre (AUSTRAC) issued guidance aimed at assisting reporting entities in their attempt to understand and meet their beneficial...
On February 7, 2018 the New York State Department of Financial Services (NYDFS) published guidance for virtual currency business entities that are either licensed under 23 NYCRR Part 200 or...

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