Hong Kong Plots Prepaid Overhaul After Report Exposes AML Risks
Hong Kong’s financial regulator said it will adjust rules governing prepaid money providers, following a …
Authority Concerned Over Regulatory Arbitrage From PSD2 Flexibility
The EU’s top payments regulator has expressed concerns that national authorities place different conditions on …
In Depth: 'Very Poor' FCA Register Sparks Industry Outrage
The UK’s Financial Conduct Authority (FCA) has admitted its register of regulated firms contains “data …
No Libra Launch Until Regulatory Concerns Resolved, U.S. Senate Told
A key architect of Facebook’s digital currency project, Libra, has attempted to reassure lawmakers that …
IMF Backs E-Money Reforms As Barrier To Tech Dominance
The International Monetary Fund (IMF) has backed moves to allow e-money providers to settle payments …
New York Police Smash Gift Card Fraud Gang
A New York gang of fraudsters has been indicted for allegedly running a prepaid gift …
EBA Publishes Report on the Impact of Fintech on Payment Institutions' and E-Money Institutions' Business Models
The European Banking Authority (EBA) has published a report on the impact of fintech on …
Despite Scandals, Malta Authorities See Patchy Transaction Reporting
Firms in Malta continue to under-report suspect transactions, the country’s financial investigators have said, despite …
E-Money Firms Sound Alarm Over Incoming AML Overhaul
UK e-money firms have raised “serious concerns” about incoming restrictions on anonymous prepaid cards issued …