The U.S. Treasury has brought sanctions against seven individuals and one entity accused of exploiting Iraq’s national payment system, alongside money service businesses and hawala networks, for...
Regulators have confirmed that EU financial firms operating in different member states must handle two sets of fraud rate data — at country level and company level — despite concerns from banking...
On April 11, 2019, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published an operational alert on the laundering of the proceeds of romance fraud (reference number:...
Nearly a quarter of online card payments subject to 3D Secure checks are abandoned during checkout, researchers have claimed, prompting concerns about the impact of incoming strong authentication...
A group of European banks have signed a joint letter to authorities expressing concerns about new fraud reporting requirements, citing the risk of divergence between member states and planned...
On July 18, 2018 the European Banking Authority (EBA) published its final guidelines on reporting requirements for fraud data under Article 96(6) of the revised Payment Services Directive (PSD2)....
On April, 5, 2019, the National Commissioner of the Police published Iceland's national risk assessment (NRA) for 2019 in line with the Financial Action Task Force's (FATF) Recommendations and...
A three-year investigation into whether Norwegian banks were unlawfully blocking third-party provider Trustly has come to an end, after the authority closed the case without making a judgment...
UK banks are expected to introduce a levy on transactions made over the Faster Payments system to reimburse certain categories of fraud victims, with industry insiders admitting the fee could be...
Banks in France will need to begin testing application programming interfaces (API) for third-party access within the next two weeks or face having to build a second fallback mechanism, regulators...
The UK competition regulator on Monday extended deadlines for five banks that overshot a key milestone in the country’s open banking roadmap, but forced them to hire outside help to monitor their...
European banks providing application programming interfaces (APIs) must make testing facilities available to third-party providers even if they have not yet received authorisation, regulators have...
Retail groups in the U.S. have called for tighter restrictions on interchange fees and transaction routing, after a Federal Reserve report suggested falling costs for issuers are not being passed...
On March 21, 2019, the National Bank of Ukraine (NBU) announced the launch of an initiative jointly undertaken with SWIFT, the global provider of secure financial messaging services, to align...
On March 18, 2019, the Financial Supervisory Authority (Finanstilsynet) published a circular providing guidance in relation to confidentiality (Veiledning om taushetsplikt etter finansforetaksloven...
Authorised push payment (APP) fraud losses rose by close to half again in the second half of 2018, with the UK’s faster payments system the tool of choice for criminals looking to whisk funds away...

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