Lithuania Strips Firm Of Payment Licence For 'Serious And Systematic Breaches'
The Bank of Lithuania has revoked the payment licence of Bruc Bond after it found …
U.S. Regulators Stress Risk Profiles, Compliance Officers In New Exam Blueprint
A new update to the examination manual used by U.S. financial regulators when evaluating Bank …
Korean Bank Pays $86m To U.S. Regulators For AML Failings
The Industrial Bank of Korea has been fined $35m by the financial regulator for the …
New York Data Law Ups Requirements, Scrutiny For Payment Companies
A wide-ranging data security law in New York State places several important expectations on payment …
FinCEN Latest U.S. Regulator To Loosen Policies Amid Outbreak
A top U.S. financial crime watchdog is giving banks leeway on some anti-money laundering requirements …
Coronavirus Round-up: What Firms and Regulators Are Saying
As coronavirus cases continued to multiply and more countries were plunged into lockdown this week, angst …
EU Banks Ask Regulators for Fresh Payments Regulatory Reprieve
Europe’s top banking associations have asked Brussels to give financial institutions more breathing room on …
Payment Firms Included in FTC's Coronavirus Fraud Crosshairs
With the U.S. Federal Trade Commission (FTC) aggressively policing deceptive marketing related to the ongoing …
U.S. Regulators Offer Banks Examination, Reporting Relief Amid Pandemic
As the coronavirus pandemic continues to wreak havoc on the global financial sector, some U.S …