FedNow Squares Off Against Banks' Offering In Senate Hearing
U.S. lawmakers have butted heads over the Federal Reserve’s plan to develop and run its …
Industry Pins EU Instant Payment Hopes On Request To Pay
Industry leaders have touted request to pay as the function that will drive the mass …
France: ACPR Releases National Analysis of Risks of Money Laundering and Terrorist Financing
On September 25, 2019, the French Prudential Supervision and Resolution Authority (ACPR) published a report …
Regulators Taken on AI 'Journey' As Sanctions Compliance Headache Tipped To Grow
Banks and payment institutions are bracing for even more sanctions compliance headaches as the UK …
Aussie Regulator Orders PayPal To Audit AML Compliance
Australia’s financial crime regulator has ordered global payment services giant PayPal to conduct an audit …
Liechtenstein: Government Publishes Approved Amendment to Due Diligence Ordinance
The Ministry for General Government Affairs and Finance has published the approved amendment to Annex 3 of the …
Toppled Danish Bank Charged With Money Laundering Offences
Prosecutors in Denmark have charged Københavns Andelskasse bank with money laundering, just more than a …
U.S. Sanctions Enforcers Extend Reach Further Than Ever As UK Bank Fined
A UK bank has agreed to pay a penalty to the United States’ sanctions enforcer …
Honesty Is The Best Policy As Eurozone Preps For Settlement System Overhaul
Central bank officials have urged banks to “be honest” about the state of their progress …