EU Commission Proposes First Anti-Money Laundering Regulation
The European Commission has proposed the creation of a new anti-money laundering regulation as part …
FATF Offers Coronavirus Guidance For Firms, Regulators
The Financial Action Task Force (FATF) has released what it calls good practices that regulators and firms …
Australian Stock Exchange Accuses Payments Firm Of 'Significant' Breaches
Troubled Australian and Cypriot payments and identity verification firm iSignthis has been forced to bow …
U.S. RevenueWire Case Signals Tougher Enforcement For Processors
The recent Federal Trade Commission enforcement against a payment processor accused of supporting fraud signals that …
UK Guidance on Crypto-Assets
In March 2020, the Joint Money Laundering Steering Group (JMLSG) launched a consultation on Part …
U.S. Aid Exemptions No Free Pass For Sanctions Evasion
Payment service providers must be vigilant against attempts to illegally evade sanctions, as U.S. officials …
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 …