Payments Firms Using Illegal Contract Terms, Bank of Lithuania Says
Payments and e-money institutions in Lithuania have been accused of failing to comply with payment …
Bank Of Lithuania Revokes Neocard Licence
The Bank of Lithuania’s board has decided to revoke Neocard’s e-money licence over breaches of …
US Privacy Act Proposed In Bipartisan Draft
Republican and Democratic lawmakers in the US have proposed a GDPR-like privacy bill that would, …
EU Financial Institutions Invited To DORA Dress Rehearsal
The European supervisory authorities have confirmed a voluntary dry-run exercise to prepare the financial services …
New Payments Ecosystem Standard Enters Into Force
A new global standard for payment brands known as PCI DSS v4 came into force …
Bank Of Lithuania Fines Flywire, Secure Nordic Payments For Regulatory Shortcomings
Payment institution Flywire and e-money institution Secure Nordic Payments, which operates as Mistertango, have been fined …
Former Payvision Execs Fined For AML Failures
The Dutch Public Prosecution Service has imposed fines of €150,000 and €180,000 on two former …
Lithuania Revokes Majestic Financial Licence Over Money Laundering Failures
Majestic Financial “grossly and systematically” violated anti-money laundering and counter-terrorist financing requirements, according to the …
Maltese Regulator Calls For 'More Concrete Measures' On DORA
Financial firms in Malta need to do more work to become compliant with the EU’s …