Draft Amendments to Foreign Credit Act, Payments Services Act, Electronic Money Act and Money laundering and Financing of Terrorism Act
On August 29, 2019, the Ministry of Finance published draft amendments it is proposing to a series of acts to …
Moorwand Facing Claims It Processed Scam Payments
UK e-money firm Moorwand is facing claims from alleged investment fraud victims that it processed …
E-Wallet Operators Ready To Work With Regulator Over Gambling Ban
E-wallet providers in the UK say they are ready to work with the country’s gambling …
Australia: ACCC Seeks Feedback from Potential Data Recipients for CDR Testing and Accreditation
On August 23, 2019, the Australian Competition & Consumer Commission (ACCC) launched testing in which firms …
Russia Pelts Sanctions Curveball At Card Schemes
International card schemes may face new compliance headaches in Russia after laws were passed designed …
Portugal: Council of Ministers Publishes Resolution to Create Coordinating Council of Financial Institutions
On August 20, 2019, the Council of Ministers published Resolution No. 140/2019, which approves the …
UK: Gambling Commission Announces Consultation on the Use of Credit Cards for Online Gambling
On July 24, 2019, the Gambling Commission announced in a press release its intention to …
UK Regulator Eyes Ban On E-Wallets For Gambling
The UK gambling regulator has said it is considering restricting or banning the use of …
Lithuanian Regulator Strikes SatchelPay Over Accounting Concerns
Lithuania’s central bank has suspended most activities of SatchelPay, an authorised e-money institution, saying it …