CGAP, the Consultative Group to Assist the Poor, a global partnership of organisations that seek to advance financial inclusion at the World Bank, has published a market and regulatory assessment...
Australia’s financial intelligence agency is suing the Commonwealth Bank of Australia, accusing it of more than 50,000 breaches of anti-money laundering laws by ignoring suspicious transactions.
A new global program to boost research into digital finance and support financial inclusion in developing countries hopes to boost the growth of China, Mexico and Egypt’s payments sectors.
The Directorate-General for Financial Stability, Financial Services and Capital Markets Union within the European Commission is consulting on the fees that payment services users pay for cross...
Washington Senate Bill 5031 addressing licensing and enforcement provisions applicable to money transmitters and currency exchanges under the Uniform Money Services Act entered into force on July...
The revised Payment Services Directive (Directive (EU) 2015/2366), also known as PSD2, has brought a set of obligations for the European Commission, the European Banking Authority (EBA), EU member...
UK regulators have threatened enforcement action against payments firms offering misleading currency exchange rates, and will prioritise drafting new regulations to put a halt to the practice.
The introduction of new payment instruments, new players and the growth of mobile commerce have affected Italian payments legislation in the last few years. European directives and regulations...
The UK government has said regulatory oversight of fund flows to charitable organisations will be increased following an investigation into domestic extremist and terrorist activity.
The Financial Action Task Force (FATF) has presented its plans to the G20 group of world leaders, aiming to up the fight against terrorist financing and to protect remitters from the effects of de...
Payments firms active in Italy must brace themselves for a renewed wave of action from law enforcement authorities, anti-money laundering (AML) experts are warning.
One of the world’s top financial watchdogs is to focus efforts on removing “unwarranted barriers” for remittance firms seeking to access banking services, after new data showed a continuing...
After years of battling hefty compliance costs and a reputation as a high-risk sector, cross-border payments firms are delighted that regulators are embracing new technology for modernising and...
On June 30, 2017 Siam Commercial Bank (SCB) and Japan’s SBI Remit are collaborating to use Ripple’s blockchain enterprise solution to enable real-time remittance payments between Japan and...
Despite legislative reforms and major enforcement operations, Brazil’s financial crime frameworks are still the subject of sustained criticism from the Financial Action Task Force (FATF).
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.

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