U.S. lawmakers have raised concerns that the structure of Facebook's controversial Libra cryptocurrency could make it highly attractive to criminals, calling into question whether checks by wallet...
Belgium has been plunged into a debate over ATM availability in supermarkets after a legislator introduced a bill that would overturn measures all but wiping out cashpoints located in physical...
Plans for a phased introduction of strong authentication are taking shape in the UK, with influential industry groups expected to ask regulators for a delay in enforcement of at least 18 months...
Mastercard has joined retail groups across Europe in calling for a harmonised approach to the introduction of strong authentication, as authorities piece together strategies for phasing in the new...
A New York gang of fraudsters has been indicted for allegedly running a prepaid gift card laundering ring that turned a profit of a million dollars per month.
The European Council has adopted a directive that provides measures to facilitate competent authorities' use of financial and other information for the prevention, detection, investigation or...
On July 10, 2019, the Danish Financial Supervisory Authority (FSA) issued a note on good practice regarding the use and application of artificial technology and, more particularly, supervised...
The UK’s data protection watchdog has announced its intention to slap hotel group Marriott International Inc with a £99.2m fine over a four-year-long data breach that involved millions of guests’...
The French central bank has confirmed it will grant payment providers more time to comply with incoming strong authentication rules, recognising widespread concerns about the technological work...
On July 5, 2019, the Financial Action Task Force (FATF) published a report on terrorist financing risk assessment guidance. The guidance aims to assist practitioners with assessing and identifying...
On July 5, 2019, the Norwegian Financial Supervisory Authority (Finantilsynet) published an updated version of its risk assessment on money laundering and terrorist financing, which was initially...
Following a survey of thousands of European financial institutions, open banking platform Tink has said not a single one has developed an application programming interface (API) good enough to...
The UK financial regulator’s approach to supervising non-bank payment service providers has come under scrutiny following its finding that some were not properly safeguarding client funds.
After finding “significant shortcomings” in firms’ compliance with rules on safeguarding customer funds, UK regulators have instructed payment and e-money firms to carry out an urgent review of...
Denmark’s regulator has acknowledged concerns from the European Banking Authority about industry readiness for forthcoming strong authentication reforms, tentatively opening its doors to firms...
A surprise statement from the Polish regulator has left banks and payment firms facing difficult decisions around whether or not to provide a “fallback” interface for third-party account access.

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