Authorities in Latvia have fined PrivatBank just over €1m ($1.1m) for numerous breaches of anti-money laundering and counter-terrorist financing regulations.
On August 9, 2019, Bank Negara Malaysia (BNM) issued an exposure draft titled “Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) – Money Services Business (Sector 3) (Supplementary...
On September 18, 2019, the Hong Kong Customs and Excise Department released a circular on new licensing requirements for money service operators (MSOs)....
On September 18, 2019, the Lithuanian parliament (Seimas) published amendments to the Money Laundering and Terrorist Financing Prevention Law VIII-275, modifying Articles 2, 4, 5, 7, 8, 9, 10, 11,...
The Reserve Bank of India (RBI) has published a discussion paper on guidelines for payment gateways and payment aggregators, which takes a look at the activities of payment gateways and payment...
Swedbank has acknowledged failings in its responsibility to prevent financial crime in a letter to regulators in Sweden and Estonia, promising improvements before an internal review of the...
With a largely transient customer base and cash-centric business model, casinos are on the front lines of the fight against money laundering — but with unique methods of gathering information at...
Representatives of the Libra Association tackled mounting concerns about Facebook’s mooted global payments system during a meeting with 27 central banks in Switzerland on Monday.
On September 13, 2019, the State Bank of Vietnam published a draft decree amending and supplementing Decree No. 116/2013 / ND-CP dated October 4, 2013, detailing the implementation of a number of...
On September 12, 2019, MONEYVAL released the mutual evaluation report (MER) on Malta, summarising the anti-money laundering (AML) and countering terrorism financing (CTF) measures the country had...
The government of Malta has been chastened by a damning assessment of its anti-financial crime framework, as MONEYVAL described local financial institutions as more fearful of correspondent banks...
The Swedish Gambling Authority, Spelinspektionen, has written to around 170 payment providers across the EU warning that they could be violating Swedish law if they process transactions on behalf...
U.S. enforcement authorities have shot a warning to firms seeking to build an international payment network based on cryptocurrency, emphasising the need to obey its anti-money laundering (AML)...
MONEYVAL has instructed Moldovan authorities to keep a closer eye on inbound remittance flows, a revenue stream that accounts for a significant proportion of the country’s GDP.
Fintech, cryptocurrencies and protection against US sanctions were placed at the heart of the financial services agenda of new European Commission chief Ursula von der Leyen yesterday as she...
Facebook has announced it intends to apply for a payment system licence from the Swiss Financial Market Supervisory Authority (FINMA) to cover Libra, its controversial cryptocurrency project.

Pages