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...
The UK’s Payment Systems Regulator has announced in a new consultation that it will be pushing back the deadline for implementation of new fraud prevention measures by almost a year from the...
The UK’s business register is coming under scrutiny for its role in enabling money laundering, with a consultation being launched on its overhaul as the government acknowledges the need for reform.
On May 6-7, 2019, the Financial Action Task Force (FATF) held its annual Private Sector Consultative Forum in Vienna, in which 300 private sector representatives from the financial sector and...
Rumours are swirling that European authorities may be persuaded to extend September’s deadline for demanding and controversial new security rules. However, firms hopeful the reforms will be phased...
On April 30, 2019, the Central Bank of the Bahamas released its annual report for 2018, which provides an insight into the bank’s operations over the previous year, analysis of the regulatory...
A European politician has backed a group of third-party providers concerned that banks are planning to restrict emergency account access once major reforms take effect in September.
The head of the Financial Conduct Authority’s (FCA) innovation unit has urged the UK cryptocurrency sector to raise its standards on fraud and crime, in response to criticisms over its delay in...
Banking groups with a presence in multiple European countries can share data from application programming interface (API) testing across separate legal entities, regulators have confirmed.
Australia’s top consumer protection regulator has issued a warning over the fraudulent use of prepaid gift cards, cryptocurrencies and money remittance firms, after losses soared to almost half a...
European industry experts have dismissed suggestions that uptake of third-party providers (TPPs) will be hampered by a lack of fraud protections compared to transactions by card.
Visa is introducing new scheme rules that require retailers to keep transaction abandonment rates below a 5 percent threshold, a senior company figure has said.
Industry experts have welcomed moves by the UK’s intelligence and security agency GCHQ to share information with financial institutions, allowing them to warn customers about cybersecurity risks.
The U.S. Federal Reserve has launched a process to determine baseline standards for fraud definitions across the country’s financial sector, a move welcomed by industry insiders as a vital first...

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