A bill to bring the 4th Anti-Money Laundering Directive (4th AMLD) into Maltese law is now on the books, after a reprimand from the European Commission for missing the initial deadline.
Australia has proposed to reform its anti-money laundering laws, bringing new requirements to the virtual currency sector while seeking to lessen the burden for other firms.
On August 17, 2017 the Financial Conduct Authority (FCA) published a consultation on the Payment Systems Regulator's (PSR) regulatory fees for 2018/2019, reviewing its approach to allocation and...
Emerging payments providers have cheered Canadian plans to overhaul the country’s stilted regulatory framework, despite some experts suggesting it is banks that have the most to gain from the...
The final round of comments for the Consumer Financial Protection Bureau’s re-imagined prepaid card rule closed on Tuesday, bringing a likely end to the heavily contested issue.
Despite the recent defection of a number of Bitcoin start-ups from Washington State, regulators have insisted they are working hard to make the region an amenable destination for the fast-growing...
The government has published a statement of intent on the future of data protection in the UK, as evidence mounts that many companies will be coming in under the wire for compliance.
Denmark’s regulatory framework for tackling financial crime has fallen short of international standards, according to a review by the Financial Action Task Force (FATF).
Legal experts believe Singapore’s revamped Payments Council will still play a significant role in the payments sector, despite decisions to water down its rulemaking powers.
On August 4, 2017 the Hong Kong Monetary Authority (HKMA) announced the designation of retail payment systems (RPS) operated by Visa, Mastercard, UnionPay International and American Express in...
The UK’s Financial Conduct Authority (FCA) has come under fire for taking an unnecessarily complex approach to EU legislation and for lacking a coherent Brexit strategy.
On August 1, 2017, the Dubai Financial Services Authority (DFSA) launched a regulatory framework for loan and investment-based crowdfunding platforms that have no analogues in the Gulf Cooperation...
UK payment providers and e-money issuers have been spared from proposed Financial Conduct Authority rules holding staff personally accountable for a firm’s misconduct.
On July 24, 2017 the House of Lords EU Financial Affairs Sub-Committee, chaired by Baroness Falkner of Margravine, published an inquiry into the future of financial regulation and supervision...
Italian authorities have opened consultations on the country’s transposition of the revised Payment Services Directive (PSD2), largely running with the level one text while leaving some questions...
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...

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