With legal cannabis companies still struggling to gain access to banking and payment services, a new lawsuit is alleging a California-based company disguised the true nature of cannabis delivery...
The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) is doubling down on efforts to stem cybercrime and keep watch over what it deems to be "high-risk" non-bank money services...
On June 6, 2019, the Monetary Authority of Singapore (MAS) launched a consultation paper proposing two new payment services notices on the prevention of money laundering and terrorist financing —...
On June 4, 2019, the Reserve Bank of India (RBI) published a report on the payment systems and payment instruments present in India in comparison with other countries such as Australia, Brazil,...
On June 4, 2019, the Payments Council of India (PCI) announced that it supported the recommendations of the High-Level Committee on Deepening Digital Payments (CDDP) and encouraged their timely...
On February 19, 2019, the Financial Market Authority (FMA) launched a consultation seeking feedback on a draft circular in regard to the reporting obligation of supervised entities for the...
Estonia is pressing ahead with efforts to quell an influx of applications for its laissez-faire regime for licensing cryptocurrency exchange and wallet operators, as the Baltic state’s finance...
On May 25, 2017, the government of Cyprus launched a consultation on a discussion paper, accompanied with a statement on its approach to areas of national discretion and a draft law which seeks to...
On May 31, 2019, the Financial Supervisory Authority (Finanstilsynet) published Circular 8/2019 titled “Advisory Guidelines to the Money Laundering Act” (Veileder til hvitvaskingsloven), which aims...
The Financial Stability Board (FSB) has warned of the potential for divergence in international regulation on crypto-assets as the G20 prepares to assess issues ranging from money laundering to...
On May 31, 2019, the Lithuanian parliament (Seimas) passed the draft Republic of Lithuania Cash Flow and Terrorist Financing Prevention Law VIII-275 Articles 2, 4, 7, 9, 10, 11, 19, 20, 25,...
On June 20, 2019, Presidential Decree No. 67343 ΕΞ 2019 was published in the official gazette providing clarifications on issued relating the Real Beneficial Owners Register that will begin...
On May 6, 2019, the Estonian government introduced a bill on amendments to the Money Laundering and Terrorist Financial Prevention Act and the State Fees Act (8 SE), in line with the provisions of...
A two-speed approach to arrest the decline in correspondent banking relationships is emerging, an influential monitoring group warned on Wednesday, with some jurisdictions making leaps in...
Estonia’s financial regulator has revoked the operating licence held by payment institution GFC Good Finance Company, following a string of breaches of financial crime and payment services laws.
On May 28, 2019, Fintech Finland launched a consultation on the Financial Supervisory Authority's draft Regulations and Guidelines for Virtual Currency Providers (4/2019)....

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