The UK’s Criminal Finances Bill, initially perceived as underwhelming, has gained royal assent after being subject to a series of last-minute changes by parliamentarians.
Industry insiders are warning that uncertainty over the direction of EU financial crime reforms could leave payments firms facing an uphill struggle to meet future changes.
The U.S.’ Consumer Financial Protection Bureau (CFPB) has proposed to delay the entry into force of controversial new rules on prepaid cards by six months, after widespread industry concerns.
A United Nations report has praised regulators in China for their “wait and see” approach to its multi-trillion dollar mobile payments market, although experts are dubious about policymakers’...
On April 17, 2017 the Monetary Authority of Singapore (MAS) and the United Nations Capital Development Fund (UNCDF) announced that they had formed a strategic partnership under UNCDF’s SHIFT ...
The Payment Systems Regulator (PSR) has issued a consultation paper on its approach to monitoring and enforcing Regulation 61 and Part 8 (Regulations 102-105) of the Payment Services Regulations...
The revised Payment Services Directive (Directive (EU) 2015/2366), also known as PSD2, has brought a set of obligations for the European Commission, the European Banking Authority (EBA), EU member...
On March 30, 2017, the Portuguese Council of Ministers announced that it has approved four draft laws seeking to ensure the observance of the Financial Action Task Force (FATF) standards and...
On February 21, 2017, MPs V.M. Reznik and P.I. Pimshakov introduced draft amendments to Federal Law No. 161-FZ (June 27, 2011) "On the National Payment System" (Legislation of Russian Federation,...
The UK government is seeking views on the guidance that the Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, will be taking into consideration to impose monetary penalties...
The UK’s financial watchdog has called for credit card issuers to intervene earlier when handling customers unable to clear their debts, amid concerns that millions are stuck repaying the bare...
Polish authorities have told payment processors to block all transactions from illegal online gambling providers by July this year or face financial penalties, under amendments to national...
On March 27, 2017 the Hungarian National Bank (MNB) published a decision that the central infrastructure for an instant payment system will be undertaken by GIRO Zrt, a company wholly owned by the...
Global technology giant Apple has won its legal battle against a group of Australian banks, after antitrust regulators denied them permission to bargain collectively for access to Apple Pay’s...
The UK government has outlined its post-Brexit legislative plan, including sweeping “time-limited” powers allowing ministers to scrap and amend laws imported from the European Union.
Dutch regulators are set to fortify their implementation of the 4th Anti-Money Laundering Directive (4th AMLD) with extra fines for breaking the rules, despite broad plans for a simple...

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