Estonian authorities have defended their role in recent money laundering scandals as EU figures continue to press for greater centralisation of power as a response to perceived failings by member...
Malta’s financial regulator has indicated it will heighten scrutiny of the island’s payments and e-money sector as it pointed out widespread compliance failures among firms.
The Bank of Mexico has launched a new way to pay in Mexico called CoDi (Digital Collection in Spanish), which became fully operational on September 30, 2019. The platform is the result of joint...
UK payment service providers could face new laws designed to combat illicit political donations after lawmakers grilled PayPal over its approach to handling payments to local political parties...
Finland’s financial regulator has granted its first tranche of registrations to cryptocurrency firms, becoming the latest of a growing number of EU member states to give the sector official...
On October 26, 2019, the decree law of October 26, 2019 on urgent provisions on tax matters (decreto legge 26 ottobre 2019, no. 124. Disposizioni urgenti in materia fiscale e per esigenze...
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 Financial Action Task Force (FATF), a global standards-setter for combating money laundering and terrorist financing, has turned its attention to the issue of digital identity, seeking feedback...
The U.S. Federal Reserve has published a second report on synthetic identities, with experts urging the need for a new approach to individual verification to counter a crime that underpins...
A senior Financial Action Task Force (FATF) official has said there are “persistent global weaknesses” in the supervision of money remittance firms, warning that international banks will remain...
Financial regulators in Estonia and Sweden have launched an assessment of whether to impose a fine on Swedbank after unearthing evidence during a broader money laundering investigation into the...
The European Banking Authority (EBA) has called for new legislation after finding fintechs passporting across member states are held back by fragmented regulatory oversight, including rules on...
Australian payment services provider iSignthis has revealed that a quarter of its revenue in the first half of last year came from contracts-for-difference (CFD) brokers, which a regulator said...
The Bank of Lithuania has fined electronic money institution Mistertango €245,000 over repeated failures in its anti-money laundering (AML) and counter-terrorist financing (CTF) controls.
On October 23, 2019, the Financial Services Agency (FSA) published a report titled the "Current Situation and Issues of Money Laundering and Terrorist Financing Measures in Japan". The report...
A U.S. government official has played down the risk of Pakistan’s remittance sector being shut off from the international financial system, as the South Asian country vows to complete reforms...

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