'Fifth AMLD': Authorities Toughen Stance On High-Risk Countries
The European Commission has proposed to amend EU anti-money laundering laws so that businesses active …
Israeli Officials Tussle Over Casinos, Slots
Israeli cabinet members are clashing over the fate of casinos in Eilat, as pressure grows …
Europe Snubs Iran As US Sanctions Fear Lingers
European payments companies are continuing to avoid Iran despite the easing of international sanctions and …
Bank Of Israel Governor Urges Caution In Card Reforms
Israel’s central bank governor has said rushing to introduce new banking system reforms, including forcing …
Cost Of KYC Holding Back Remittances, Report Says
Non-bank financial firms providing cross-border payments are being hampered by disproportionately costly know your customer …
U.S. Treasury Finds MasterCard Reporting Failure Violated Iran Bank Sanctions
U.S. Treasury officials have rapped MasterCard after the card giant failed to report it had …
Barclays Defends Iran Payment Ban Despite Sanctions Move
Banking giant Barclays has defended its decision to refuse to handle payment transactions from Iran …
Israeli Officials Push For New Regulator
Israeli government officials have approved plans to establish a new regulator for non-bank financial institutions, …
UAE Processing Giant ‘In Talks’ With Iran Banks
The largest payments processor in the Middle East and Africa, Network International, is exploring ways …