Berlin-based challenger bank N26 has found itself in more regulatory hot water after German regulator BaFin ordered it to tighten up its anti-money laundering controls following a number of recent...
The UK’s top consumer rights watchdog has issued a list of demands to banks and regulators over spiralling payment fraud just days before a voluntary industry reimbursement code is set to be...
Authorities in Europe appear to be inching closer to a compromise on incoming strong authentication rules, following sustained warnings the reforms cannot be met in time for September’s deadline.
Scams offering fake investments in cryptocurrencies and currency conversion have spiralled in the UK, authorities have revealed, in a development that could add bite to forthcoming proposals to...
On May 17, 2019, the European Council adopted a framework that will enable the EU for the first time to impose sanctions on those responsible (persons or entities) for cyber-attacks threatening the...
A gang of international cybercriminals that used a network of malware-infected computers and money mule accounts to attempt the theft of $100m from thousands of victims has been indicted by a U.S....
On May 16, 2019, the Reserve Bank of India (RBI) published "The Payment Systems Vision 2021", with the aim of providing the Indian population with access to e-payment options that are not only safe...
Regulators will hawkishly monitor compliance with the UK’s incoming voluntary code for reimbursement of payment fraud victims, threatening to make the code mandatory if take-up is sluggish.
As faster payments take hold in Canada the onus is on financial firms to ensure customers are educated on potential risks, industry experts have said, amid concerns regulatory complexity means...
Industry groups are pressing regulators on whether incoming strong customer authentication rules can be delayed, arguing the drip-feed of guidance has created a “bottleneck” and left firms unable...
Banks have been told to improve their handling of fraud after a steep rise in complaints, with authorised push payment scams singled out as a major cause of consumer dissatisfaction in the UK.
On May 14, 2019, the Dutch Authority for the Financial Markets (AFM) launched a consultation on principles for information security, which reflect the AFM’s expectations from financial institutions...
On May 13, 2019, SWIFT published its findings on how financial institutions in India can improve monitoring anomalous transactions and listed key developments in the Customer Security Programme ...
On May 9, 2019, the Financial Supervisory Authority (Finanstilsynet) published a risk and vulnerability analysis report on the financial sector's use of information and communications technology ...
On September 13, 2017 the European Parliament and the European Council introduced a proposal for a directive on combating fraud and counterfeiting of non-cash means of payment and replacing Council...
On May 9, 2019, the Payment Systems Regulator (PSR) initiated a follow-up consultation on confirmation of payee (CoP), including its revised approach alongside the legal text of the proposed...

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