The European Commission has published a supranational risk assessment, a high-level view of financial crime across the EU and the sectors for which it is the greatest threat.
The International Monetary Fund (IMF) has published a discussion note called "Fintech and Financial Services: Initial Considerations", which provides a framework on how fintech might be able to...
Six compliance officers at U.S. remittance firms have been charged with money laundering offenses, accused of knowingly helping transfer $40m to Mexican drug cartels.
Payments innovators have praised the UK Financial Conduct Authority’s (FCA) regulatory sandbox programme after it unveiled the second batch of successful applicants.
On June 15, 2017 the Illinois Department of Financial and Professional Regulation (IDFPR) published digital currency guidance, which provides its vision, policy and interpretation on digital...
Experts are doubtful that the emergence of new regtech products will reverse de-risking by banks, despite acknowledging the potential benefits of improved transparency and payments tracking.
As the UK heads to the election polls today, London’s fintech community fears greater uncertainty in already turbulent times, with maintaining access to capital, talent and the EU single market...
The Central Bank of Seychelles has published an update on the upgrade to the Seychelles Electronic Funds Transfer (SEFT) system, which is expected to be made available to the public to allow them...
Banks that refuse to do business with the cross-border remittance sector are opening themselves up to greater risk, according to the head of one of the world’s top money transfer firms. 
China’s foreign exchange regulator is to tighten supervision of overseas transactions through Chinese credit and debit cards as part of its stepped up efforts to curb money laundering.
The government of the Cayman Islands has released an anti-money laundering (AML) and counter-terrorist financing (CTF) strategy paper, planning changes to regulation over the next four years.
UK regulator says GDPR is a "boardroom-level" issue; Germany issues video KYC reforms; the United States and Saudi Arabia sign an "historic" agreement to combat terrorism financing; Estonia's e...
U.S. controls on cross-border payments have come under fire from money transfer companies and banks for confusing the consumers it intends to protect, while at the same time forcing crippling...
Termination of corresponding banking relationships will not be enough to satisfy UK regulators once current anti-money laundering reforms are complete, legal experts have said.
On May 24, 2017 the County Court of Victoria handed down the first ever conviction in Australia for operating an unregistered remittance service as a result of investigations initiated by the...
On May 19, 2017 the Credit Union National Association (CUNA) published a letter to the Consumer Financial Protection Bureau (CFPB) in response to its plans to assess its regulations related to...

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