France: ACPR Publishes Proposals to Improve Remote Client Onboarding Identity Verification
On September 23, 2019, the French Prudential Supervision and Resolution Authority (ACPR) released a report …
Wave Of Payments Consolidation Faces Regulatory, Political Barriers
Research by consultancy giant McKinsey has suggested the pressure on payments firms to achieve scale has …
Europe To Prioritise Money Laundering Reforms After 4th AMLD Woes
The European Commission will prioritise making future anti-money laundering rules directly applicable in all member …
Lithuania: Parliament Completes Amendments to AML Act VIII-275 for Transposition of 5th AMLD
On September 18, 2019, the Lithuanian parliament (Seimas) published amendments to the Money Laundering and Terrorist …
Libra Stares Down Wary Regulators At Basel Gathering
Representatives of the Libra Association tackled mounting concerns about Facebook’s mooted global payments system during …
Sweden Warns Payment Processors Over Unlicensed Gambling
The Swedish Gambling Authority, Spelinspektionen, has written to around 170 payment providers across the EU …
Australia: Treasury Seeks Feedback on Draft Legislation Strengthening ASIC Licensing, Enforcement and Investigation Powers
On September 11, 2019, the Treasury released a set of draft legislation for public comment, …
Malta Financial Supervisory Authority Releases Strategic Plan 2019-2021
On September 6, 2019, the Malta Financial Service Authority (MFSA) published its three-year strategic plan …
Irish Regulator Warns Against ‘Blind Faith’ in Transaction Monitoring Tools
Ireland’s central bank has urged financial institutions not to put “blind faith” in automated systems …