Skip to main content
Google Tag Manager
Sign up to emails
Request a trial
In Depth: Are Authorities Doing Enough To Fight De-Risking?
22nd Jan 2019 | Written by:
Are influential regulators, international standards-setters and financial sector participants doing enough to tackle de-risking? PaymentsCompliance speaks to J. Andrew Spindler, a former New York...
In Depth: Making 'Failure To Prevent' Economic Crime An Offence
14th Jan 2019 | Written by:
Following the success of similar efforts in bribery and tax evasion, there has been recent renewed interest in the UK in the prospect of making failure to prevent economic crime a corporate offence...
US: Federal Agencies Issue Joint Statement on Innovative Efforts to Combat Money Laundering and Terrorist Financing
4th Dec 2018 | Written by:
On December 3, 2018, the Financial Crimes Enforcement Network (FinCEN) released a statement, jointly drafted with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance...
Philippines: Financial Intelligence Unit Unveils Updates on AML/CTF Regime
23rd Nov 2018 | Written by:
On November 22, 2018, the Anti-Money Laundering Council (AMLC) approved the final amendments to the 2018 Implementing Rules and Regulations of Republic Act No. 9160 (Anti-Money Laundering Act of...
In Depth: Europe To Tackle Iran Sanctions Crisis With New Payment Measures
22nd Nov 2018 | Written by:
The European Commission will share proposals for possible new ways of facilitating payments between the EU and Iran in light of rigorous new US sanctions, its vice president and financial services...
Banking Relationships And Remittance Corridors Still In Decline, Report Shows
19th Nov 2018 | Written by:
The number of correspondent banking relationships and active remittance corridors has fallen further, the Financial Stability Board (FSB) has warned, as national regulators are urged to do more to...
Sessions' Resignation Not Necessarily A Cure For Legal Cannabis De-Risking
16th Nov 2018 | Written by:
Experts are unconvinced that the recent resignation of anti-marijuana hardliner Jeff Sessions as U.S. Attorney General is good news for legal cannabis businesses and the payment providers seeking...
Financial Sector Looks To Blockchain As Cure For KYC Ills
5th Nov 2018 | Written by:
Major European financial institutions believe blockchain technology could be deployed across the sector as the basis for a shared know your customer (KYC) system, helping cut compliance costs and...
Poor Implementation Of European AML Rules Blamed For Financial Exclusion
31st Oct 2018 | Written by:
A paper from a think tank has suggested that it is uneven and inconsistent application of EU rules by member states, rather than the stricter requirements, that have created the most significant...
UK Regulator Refutes Accusations Of Weak MSB Supervision
25th Oct 2018 | Written by:
UK regulators have hit back at claims their supervision of money services businesses (MSBs) is not up to scratch, after banks suggested poor oversight is one reason why de-risking is so prevalent...
Capital One Fined $100m After Failing To Address AML Deficiencies
24th Oct 2018 | Written by:
U.S. federal authorities have issued a $100m fine to Capital One, after the financial giant failed to correct “systemic deficiencies” in its anti-money laundering (AML) program for correspondent...
U.S. Treasury Rules Out Laws On De-Risking As MSB Sanctions Ramp Up
18th Oct 2018 | Written by:
A U.S. Treasury official has said legal reforms aimed at helping money transfer firms affected by de-risking are highly unlikely, despite legislative efforts in Europe to tackle the issue.
Regulator 'Lacks Data' On De-Risking Despite PSD2, Official Says
17th Oct 2018 | Written by:
The UK's Financial Conduct Authority is lacking data on whether it needs to do more to help payment providers still struggling to obtain or maintain access to a bank account, a senior official has...
Taiwan: Financial Supervisory Commission Publishes AML/CTF Action Plan
12th Oct 2018 | Written by:
On October 11, 2018, the Financial Supervisory Commission made available to the public the outcome of the 36th Committee Resolution, as well as an action plan, to establish key priorities to be...
De-Risking Not Pushing MSBs Underground, Insists UK Regulator
11th Oct 2018 | Written by:
UK regulators have downplayed the impact of de-risking on money services businesses (MSBs), pointing out there has been little decrease in the number of such firms despite ongoing concerns about...
Australian Competition Watchdog Takes Aim At Currency Conversion
3rd Oct 2018 | Written by:
Australian regulators have launched a wide-ranging inquiry into currency exchange practices within the banking, cards and remittance sectors, in response to concerns over transparency, pricing and...
Meet the team
Sign up to emails
Terms and Conditions
St Clare House, 30 Minories
+44(0)207 921 9980
United States Of America
1725 I Street NW, Suite 300
+1 202 261 3567