$6bn Fraud Problem: U.S. Institutions Struggling To Detect Synthetic Identities
The U.S. Federal Reserve has published a second report on synthetic identities, with experts urging …
Authorities Failing To Supervise Remittances, Warn FATF And U.S. Officials
A senior Financial Action Task Force (FATF) official has said there are “persistent global weaknesses” …
Regulators Move Closer To Swedbank Fine In Money Laundering Probe
Financial regulators in Estonia and Sweden have launched an assessment of whether to impose a …
EBA Calls For New Laws As Fintechs Face Fragmentation
The European Banking Authority (EBA) has called for new legislation after finding fintechs passporting across …
Australian Stock Exchange Queries Payment Firm's Revenue From 'Unconscionable' Brokers
Australian payment services provider iSignthis has revealed that a quarter of its revenue in the …
Lithuania Fines E-Money Firm Over 'Systemic' AML Violations
The Bank of Lithuania has fined electronic money institution Mistertango €245,000 over repeated failures in …
EU Crypto Directive? Patchy Laws Targeted In Commission's Regulatory Push
Impending moves by Brussels to cobble together new regulations on cryptocurrencies should focus on clarifying …
Japan: Financial Services Agency Publishes Report on Current Status and Challenges of Countermeasures for Money Laundering and Terrorist Financing
On October 23, 2019, the Financial Services Agency (FSA) published a report titled the “Current …
Australia: AUSTRAC Consults on Proposed Amendment to Chapter 11 of AML/CTF Rules
On October 15, 2019, the Australian Transaction Reports and Analysis Centre (AUSTRAC) released proposed amendments to Chapter …