Europe: A Look Ahead To Payments In 2020
After a 2019 in which payment firms found themselves running to keep up with new …
UKFIU: SARs Annual Report 2019
The UK Financial Intelligence Unit (UKFIU) has published its 2019 annual report on suspicious activity reports …
Bank Drafts Exploited For Casino-Based Money Laundering, Authorities Warn
Canadian officials have issued a warning to financial institutions to be on the lookout for …
Mexico: CoDi – the New Digital Payments Platform
The Bank of Mexico has launched a new way to pay in Mexico called CoDi …
'Houston, We Have A Problem': FCA Fires Enforcement Warning Over Safeguarding
The Financial Conduct Authority (FCA) has issued a stern warning to payment and e-money institutions …
Cayman Islands: Government Announces AML Requirement for Beneficial Ownership Register
On October 9, 2019, the government of the Cayman Islands published an announcement titled “Commitment by …
Slovakia: Parliament Approves Draft Law for Transposition of 5th AMLD
On October 9, 2019, the government approved the bill amending Act No. 297/2008 Coll. on protection …
UK: Financial Conduct Authority Consults on Draft Guidance for Fair Treatment of Vulnerable Consumers
On July 23, 2019, the Financial Conduct Authority (FCA) released a draft guidance paper on …
Sweden: Ministry of Finance Proposes Bill on Obligation for Credit Institutions to Provide Physical Access to Cash and Places for Cash Deposits
On October 1, 2019, the Ministry of Finance submitted proposals for a new law that …