New UK guidance for financial firms serving politically exposed persons (PEPs) has the potential to ease firms’ compliance burden greatly, experts believe, providing it is approached in the right way.
Although the UK transposed the 4th Anti-Money Laundering Directive (4th AMLD) just in time last month, financial crime experts are concerned about the great unknown of Brexit and its impact on a...
One of the world’s top financial watchdogs is to focus efforts on removing “unwarranted barriers” for remittance firms seeking to access banking services, after new data showed a continuing decline...
As the U.S. financial sector grapples with a period of legal unpredictability, industry heavyweights are setting their sights on reforming another long-standing piece of banking regulation: the...
Payments innovators have praised the UK Financial Conduct Authority’s (FCA) regulatory sandbox programme after it unveiled the second batch of successful applicants.
Experts are doubtful that the emergence of new regtech products will reverse de-risking by banks, despite acknowledging the potential benefits of improved transparency and payments tracking.
The influential Basel Committee on Banking Supervision has issued new guidelines to financial institutions on improving their anti-money laundering (AML) and counter-terrorist financing (CTF)...
The Bank of Israel attempts to tighten security of the country's payment card market; Dodd-Frank Act reforms pass the U.S. House of Representatives; the FSB examines fintech, virtual currencies and...
In late May 2017, the Financial Stability Board (FSB) Regional Consultative Group for the Americas held a discussion on its approach to correspondent banking and fintech. The key aspects of such...
Banks that refuse to do business with the cross-border remittance sector are opening themselves up to greater risk, according to the head of one of the world’s top money transfer firms. 
The European financial authorities have outlined how EU institutions should apply anti-money laundering (AML) policies and procedures to branches located in countries outside the bloc when a third...
The government of the Cayman Islands has released an anti-money laundering (AML) and counter-terrorist financing (CTF) strategy paper, planning changes to regulation over the next four years.
Termination of corresponding banking relationships will not be enough to satisfy UK regulators once current anti-money laundering reforms are complete, legal experts have said.
The financial sector is rapidly turning to regtech as a way of managing a steadily increasing compliance burden, a new survey has found.
On May 10, 2017 the Conference of State Bank Supervisors (CSBS) Board of Directors announced Vision 2020, a series of initiatives to modernize state regulation of non-banks, including financial...
An influential group of state financial regulators has announced plans to integrate the fintech licensing and supervisory system across all U.S. states, upping the stakes in their rivalry with...

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