Payment Firms Urge FCA Not To Hang Up The Phone
The Electronic Money Association has urged the UK’s financial regulator not to cancel regular contact between …
News In Brief - July 20, 2020
The Bank of Lithuania has launched a consultation on a new reporting process which would …
News In Brief - July 16-July 17, 2020
Private bank has been fined nearly €1m in Latvia for AML breaches, while Ireland and Romania …
UK Watchdog Clarifies Safeguarding Rules
The UK’s Financial Conduct Authority (FCA) has finalised temporary guidance on safeguarding customer funds by …
EU Anti-Money Laundering Overhaul Shapes Up With Parliament Support
European Union lawmakers are set to back the bulk of the European Commission’s plans for …
Payment Firms See Little Suspicious Activity In Malta
Most payment service providers in Malta did not file any suspicious transaction reports to the country’s …
Norwegian Bank Fined Over AML Lapses
Norway’s financial watchdog has fined a local bank $220,000 over what it calls “pervasive” money laundering …
Commerzbank's London Branch Fined £37.8m For AML Gaps
The UK’s Financial Conduct Authority has fined the London division of German Commerzbank AG £37.8m for …
PSR Announces New Powers And Procedures Guidance
The UK’s Payment Systems Regulator (PSR) has released an updated version of its guidance to firms …