A global anti-money laundering watchdog has praised Malaysia’s financial system safeguards, but said much more can be done to trace the source of illicit funds.
This week's industry news in brief; with the first BitLicense being awarded to Circle; Russia's answer to the SWIFT network; e-commerce payments in India; and a $100m blockchain data centre being...
The Australian Transaction Reports and Analysis Centre (AUSTRAC) reiterated in a statement on September 23, 2015 that the anti-money laundering and counter-terrorism laws do not impose requirements...
Australia’s financial crime agency has involved itself in a row over banks refusing accounts for Bitcoin companies, as a wider competition issue begins to emerge.
A global banking regulator has published a paper analysing payment aspects of financial inclusion, and is pushing countries to relax rules to allow the industry to help the unbanked.
This working paper from the SWIFT Institute analyses which third-party payment providers are covered by the revised Payment Services Directive (PSD2). This type of entity has been developed to make...
A U.S. banking regulator has said crypto-currency law demands uniformity across all 50 states, but it would take unprecedented steps to overcome the current patchwork of silos.
The Organisation for Economic Cooperation and Development (OECD) launched a report titled "Improving Cooperation Between Tax and Anti-Money Laundering Authorities" last week at the fourth OECD...
A top payments executive has said law enforcement and regulators are manipulating industry compliance teams into overextending themselves by fostering a paranoia over punishments.
The Asia/Pacific Group on Money Laundering (APG) and the Financial Action Task Force (FATF) have completed a joint assessment of Malaysia’s anti-money laundering and counter-terrorist financing ...
Bitcoin advocates admit increasing regulation coupled with image and scalability problems are morphing the crypto-currency into a more burdensome form of value transfer than originally intended.
Nine of the world’s top investment banks have formed a partnership to design and deliver a universal standard in blockchain and ledger technology for global financial services. 
A host of new payments players have been approved for licences to operate in the burgeoning Turkish e-money market, which experts believe will kick-start rapid growth.
German regulators have eased know your customer requirements for financial institutions in the wake of the refugee crisis sweeping Europe, allowing those granted asylum to open payment accounts.
Global compliance pressures are behind the snowballing blockchain movement, crypto-currency experts said, while also warning innovation may be harmed if the stifling effect on Bitcoin is allowed to...
A U.S. federal judge has backed a sheriff whose “threats” to payment processors Visa and MasterCard forced them to withdraw their services from an online publisher that carried adult adverts.

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