German and French authorities are planning to build a separate payments channel for companies who want to keep their funds safe from the long arm of US sanctions, but their ambitions for financial...
A UK-based consultancy specialising in financial crime has warned that many e-money firms “have areas for improvement” in how they approach anti-money laundering requirements.
Switzerland’s financial regulator has opened enforcement proceedings against the issuer of an initial coin offering (ICO) for the first time in its history, after suspicions the company was...
Experts have called for more transparency around the reasons for declined payments to reduce the compliance friction driving de-risking of both smaller banks and new fintech companies.
On June 26, 2018 the U.S. Government Accountability Office (GAO), an independent, nonpartisan agency that provides investigative and evaluation services for Congress, published a report titled ...
The pressures facing global remittance heavyweights have never been higher, with a shifting regulatory landscape, a transition away from cash and the ever-present threat of blanket de-risking by...
Despite a raft of urgent EU regulatory reforms aimed at tackling terrorist financing, officials remain concerned about a lack of visible progress at member state level — with cash, prepaid cards...
Federal U.S. regulators have sought to assuage concerns that new due diligence rules for financial institutions could prove overly onerous and result in de-risking of customers.
The UK regulator of money services businesses has told the sector to expect financial penalties for non-compliance with money laundering requirements, after identifying cases where millions of...
Concerns over de-risking in the Islamic banking sector have been linked to regulatory pressure on transactions involving high-risk regions, after an industry group appealed to the Financial...
Latvian authorities, spooked by a recent high-profile failure, have launched a belated assault on the dirty money coursing through the veins of the Baltic nation’s financial system — prompting...
UK authorities will introduce machine-readable rules for financial services firms before the end of the year, according to a new fintech strategy published by the government on Thursday.
Two global financial watchdogs have called on national regulators to strengthen oversight of the remittance sector, warning that a "complete absence" of supervision in many regions is driving banks...
On March 16, 2018 the Financial Action Task Force (FATF) published a report to the G20 finance ministers and central bank governors, which sets out FATF's recent and ongoing work to combat money...
Regulators in several Asia-Pacific countries are "waking up" to demands from local remittance companies for modernised licensing and know your customer (KYC) requirements, industry insiders believe.
Spain's attempts to lure UK payments institutions concerned over the potential loss of passporting rights are being hampered by slow adoption of EU regulatory requirements in the country.

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