UK Payment Firms Aghast As Top Banking Partner Pulls Plug
Payment service providers in the UK have been left scrambling to find new banking partners …
Commerzbank's London Branch Fined £37.8m For AML Gaps
The UK’s Financial Conduct Authority has fined the London division of German Commerzbank AG £37.8m for …
Nigeria: Data Protection Regulation 2019
The Nigeria Data Protection Regulation became effective in January 2019. The new regulation is considered …
Estonian Financial Watchdog Pleads For More Crypto Powers
Estonian authorities have warned that foreign criminals are abusing the country’s lax cryptocurrency licensing regime …
Criminal Liability For AML Failings Looms In EU
New anti-money laundering (AML) liabilities due to be transposed by EU member states by December …
EU Support for Financial Crime Information Sharing Wins Praise
A cautious nod of approval from the European Commission to closer information-sharing ties between financial …
UK Regulator’s Safeguarding Guidance Leaves Loophole Open
Payment services firms in the UK may be breaching rules on the safeguarding of client …
EBA To Study De-Risking By Banks
The European Banking Authority (EBA) will soon ask for industry views on de-risking by banks, …
Hong Kong: Guidance for Authorised Institutions on Risk Management of E-Banking Activities
On October 24, 2019, the Hong Kong Monetary Authority published version three of its Supervisory Policy …