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.
On June 3, 2019, Danmarks Nationalbank published a report on the financial infrastructure in Denmark. The report provides insights on the work undertaken by the central bank regarding the...
The UK’s Financial Conduct Authority (FCA) has taken the first steps towards delaying controversial strong authentication reforms beyond September’s deadline, PaymentsCompliance can reveal.
The EU will not extend September’s deadline for online payment security reforms but has not yet ruled out a compromise and is working on providing additional clarity to the industry, an influential...
Third-party providers face an uphill struggle for adoption in Poland, researchers have suggested, with incumbents more concerned about the threat posed by technology giants and rival banks than by...
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...

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