On June 17, 2019, the Malta Financial Services Authority (MFSA) issued its finalised guidance notes on cybersecurity, setting out the minimum set of best practices and risk management procedures to...
New figures show that card fraud’s inexorable rise in the UK seems set to continue, as the payment method proves to be the biggest point of focus for a growth in identity fraud seen across the...
The UK’s financial regulator has revealed details about its preparations for new EU rules on secure customer authentication (SCA) — confirming that the September deadline will have to be swept...
European regulators are readying new guidance on September’s strong authentication reforms that could give payment firms a 15-month transition period to become fully compliant.
Virtual currencies pose a high money laundering and terrorist financing risk to Latvia and the absence of regulation is compounding the danger, a review by the country’s financial intelligence unit...
On June 11, 2019, the Financial Supervisory Authority (Finansinspektionen) published the latest national risk assessment of money laundering, drafted by 16 authorities coordinating in the country,...
UK regulators have told e-money issuer Allied Wallet to stop providing payment services, after federal authorities in the United States accused the company of facilitating fraudulent transactions...
EU authorities have responded to uncertainty about how payment providers should carry out transaction risk analysis under incoming strong authentication rules, as well as whether banks must confirm...
Restricting the initial implementation of the UK’s anti-fraud name check system could distort the market and even help fraudsters better target their activities, the country’s finance industry...
A weeks-long “misuse” of the simplified payment address system used by Australia’s major payment providers has been branded as a vulnerability at the heart of the country’s instant payments...
On June 4, 2019, the Reserve Bank of India (RBI) published a report on the payment systems and payment instruments present in India in comparison with other countries such as Australia, Brazil,...
On June 4, 2019, the Payments Council of India (PCI) announced that it supported the recommendations of the High-Level Committee on Deepening Digital Payments (CDDP) and encouraged their timely...
On June 4, 2019, UK Finance published a white paper titled “Perspectives - Operational resilience in financial services”, which was drafted in cooperation with Ernst & Young (EY), following...
Denmark’s financial authority has told firms to expect strong authentication reforms to take full effect from September, despite concerns across Europe that the industry is nowhere near full...
UK regulators' willingness to accept a phased enforcement regime for forthcoming strong customer authentication (SCA) rules has been met with opposition from Brussels’ leading consumer protection...
A lack of industry readiness means incoming strong authentication reforms are now expected to cost businesses across the EU a total of €57bn, new research has claimed.

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