The Office of Foreign Assets Control (OFAC) has granted U.S. cryptocurrency exchange Bittrex a license to allow customers in sanctioned jurisdictions to withdraw their funds.
Australian payment services and identity verification provider iSignthis has triggered a feud with the country’s stock exchange as suspension of its shares drags on.
Several European regulators have issued a joint letter calling for a single supervisor to combat financial crime on the continent, emphasising the shortcomings built into a currently fractured...
European efforts to implement new requirements around virtual currencies could see crypto-assets pushed into the revised Payment Services Directive (PSD2) by the back door, a regulator has suggested.
Digital payments providers, money service businesses and credit card companies in the UK all filed less suspicious activity reports last financial year, bucking an overall trend of higher reporting.
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...

Pages