Skip to main content
Google Tag Manager
Sign up to emails
Request a trial
US: Wyoming Introduces Bill on Financial Technology Sandbox
14th Jan 2019 | Written by:
On January 8, 2019, a draft bill, HB0057, on establishing a financial technology sandbox was introduced to the Wyoming legislature. The draft bill aims to create a financial technology sandbox for...
U.S. Bank Fined $15.5m For Failing To Stop Cancelled Payments
4th Jan 2019 | Written by:
A San Antonio-based bank has been hit with $15.5m in penalties after U.S. authorities found it violated rules in refusing to cancel customers’ pre-authorized payments when requested, as well as re...
U.S. Federal Regulator Overlooking Risks To Consumers, Report Claims
3rd Jan 2019 | Written by:
The Consumer Financial Protection Bureau is falling short when it comes to properly prioritizing consumer risks and needs to improve efforts to share and act effectively on data it collects, a...
US: Payments Forum Issues Guidelines for Contactless ATM Transactions for ATM Owners and Operators
20th Dec 2018 | Written by:
On December 20, 2018, the U.S. Payments Forum, a cross-industry body focused on addressing issues that require broad cooperation and coordination across many participants in the payments industry,...
Major Banks Likely To Dominate U.S. Faster Payments System, Smaller Firms Warn
17th Dec 2018 | Written by:
Smaller U.S. financial firms are concerned that an incoming federal faster payments system could end up dominated by major banks, urging the Federal Reserve to keep a close eye on its development.
Firm Accused Of Facilitating Transaction Laundering Settles With FTC
12th Dec 2018 | Written by:
Defendants accused of helping telemarketing scammers launder millions of dollars through fraudulent merchant accounts have reached a settlement agreement with the U.S. Federal Trade Commission (FTC).
U.S. Federal Regulators Call For Innovation On AML — And Promise To Help
6th Dec 2018 | Written by:
Federal U.S. regulators are encouraging depository institutions to come up with new approaches to combat money laundering and other illegal financial activity — and the agencies say they are eager...
US: Federal Agencies Issue Joint Statement on Innovative Efforts to Combat Money Laundering and Terrorist Financing
4th Dec 2018 | Written by:
On December 3, 2018, the Financial Crimes Enforcement Network (FinCEN) released a statement, jointly drafted with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance...
Processors Double Down on U.S. Sports Betting as Market Takes Shape
3rd Dec 2018 | Written by:
As a growing number of U.S. states move to legalize sports betting after the Supreme Court's landmark PASPA ruling, payment processors are not waiting any longer to get into the game.
U.S. Lawmakers Split On AML Reporting Reforms
30th Nov 2018 | Written by:
In a Senate hearing on Thursday, federal officials doubled down on their calls to maintain current reporting thresholds for cash transactions, saying raising the limits would hamstring their...
MoneyGram Pays $125m Penalty After Missing AML, Fraud Targets
9th Nov 2018 | Written by:
MoneyGram will forfeit $125m for violating the terms of a 2012 settlement with the U.S. Federal Trade Commission and the Department of Justice concerning alleged anti-money laundering and counter...
SWIFT's Iran Connection Not Yet Safe As U.S. Cut-Off Date Looms
1st Nov 2018 | Written by:
Last-minute talks are continuing between international financial messaging service SWIFT and the U.S. Treasury as the looming re-imposition of sanctions lifted under the Iran nuclear deal raise the...
US: Industry Releases Cybersecurity Profile for Financial Institutions and Third-Party Providers
29th Oct 2018 | Written by:
On October 25, 2018, the Financial Services Sector Coordinating Council (FSSCC), along with the American Bankers Association, the Bank Policy Institute (BPI) and other financial trade associations,...
Fresh Legal Complaint Filed Over Federal U.S. Fintech Regime
26th Oct 2018 | Written by:
Attempts to introduce a new federal U.S. licensing regime for fintechs applicable across all 50 states will face a fresh legal challenge from a high-profile group of state-level regulators, after...
Fraudsters Find New Ways To Exploit U.S. Chip Card Confusion
25th Oct 2018 | Written by:
in Las Vegas
As the U.S. continues to grapple with the shift from card swiping to chip and PIN technology, fraudsters are taking advantage of patchy merchant uptake and ongoing uncertainty in the transition...
Virtual Currency To Be Subject Of Dedicated U.S. Treasury Review
24th Oct 2018 | Written by:
in Las Vegas
Conspicuous by its absence in the U.S. Treasury’s recent report on fintech, virtual currency will be the sole subject of an upcoming paper being developed by a working group of U.S. regulators...
Meet the team
Sign up to emails
Terms and Conditions
St Clare House, 30 Minories
+44(0)207 921 9980
United States Of America
1725 I Street NW, Suite 300
+1 202 261 3567