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 …
Expect No Sympathy From FCA On Wind-Down Plans
Wind-down requirements are front and centre of expectations for payments firms and e-money institutions operating …
Payroll Processors Propose Exemption From Illinois Money Transmission Act
Trade organisations have proposed a new law in Illinois to remove payroll processing from the …
HM Treasury To Amend Payment Service Contract Termination Rules
In its second amendment of the week to the Payment Services Regulations, the UK government …
Top EU Court Decision Re-Aligns Payments And E-Money Requirements
The Court of Justice of the European Union last week ruled on a case between …
DORA 'Takes Shape' As First Guidelines Sent For Commission Approval
The Digital Operational Resilience Act (DORA) comes into effect in less than a year, as …
EU Legislators Reach Agreement On 'Necessary' AML Package
EU negotiators have provisionally agreed on the anti-money laundering regulation, after tightening up rules regarding …