Bank of Lithuania’s Position on Virtual Assets and Initial Coin Offering
On February 14, 2019, the Bank of Lithuania issued its position on virtual assets and …
Finablr Subsidiaries Face HMRC Action
Embattled payment provider Finablr has announced that one of its subsidiaries, UAE Exchange, is on …
FATF: Money Laundering/Terrorism Financing Risks of Stablecoins and Virtual Assets
The Financial Action Task Force (FATF) published a report regarding stablecoins in July 2020 titled …
Maltese Regulator Revokes Licence Of Remittance Firm
Malta has revoked the licence of a payment institution for the second time in three …
Thailand Reforms Customer Due Diligence Rules Framework
On May 14, 2020, the Ministerial Regulation on Customer Due Diligence (B.E. 2563/2020) (กฎกระทรวงการตรวจสอบเพื่อทราบข้อเท็จจริงเกี่ยวกับลูกค้าพ.ศ. ๒๕๖๓) …
U.S. Agencies Fine Broker-Dealer $38m Over AML and SAR Filing Failures
Interactive Brokers has agreed to pay a total of $38m to settle charges in three …
U.S. Federal Reserve Reveals Details Of New Instant Payment Service
The U.S. FedNow instant payment service will include a request to pay function, higher transaction …
EU Data Watchdog Takes Issue With Financial Crime Information Sharing
The EU’s data protection watchdog has said privacy rights could be violated if law enforcement …
UK Government Targets Card Payments In Sweeping Regulatory Review
A sweeping review of the UK’s “payments landscape” will focus on how to break the …