Lithuania Proffers Solutions To E-Money Safeguarding Gap
Lithuania is hoping improvements to safeguarding options for e-money and payment institutions will boost customer …
Raphaels Bank Fined £1.9m Over Prepaid Outsourcing Failures
Raphaels Bank has been fined £1.9m for failures in its oversight of a prepaid card …
Vietnam: State Bank Releases National Risk Assessment of Money Laundering and Terrorist Financing for 2012-2017
On May 17, 2019, the State Bank of Vietnam (SBV) made an announcement that it …
Central Banks Urged To Consider Direct Bank Access For E-Money Firms
Authorities worldwide should consider giving e-money firms access to central bank funds unlocking “enormous benefits …
Russia: E-Money Association Signs Memorandum on General Standards for Servicing of Inactive E-Wallets
On April 25, 2019 the Russian Electronic Money and Remittance Association (REMA) signed a memorandum …
Malta: Financial Services Authority Publishes Guidance on Cryptocurrency Scams
On April 25, 2019, the Malta Financial Services Authority (MFSA) published a guidance note addressed …
UK Forges Ahead With Crypto, E-Money Reforms, Unveils 5th AMLD Strategy
The UK has opened consultations on its approach to EU-wide anti-money laundering reforms, restating its …
London's Loss Is Dublin's Gain As E-Money Firms Seek Brexit Safe Harbour
UK-based payments firms seeking to bolster their defences against a looming Brexit crash-landing have helped …
UK: Bank of England Publishes Paper Regarding Ways to Embrace Potentials of Fintech
On March 22, 2019, the Bank of England (BoE) released a paper titled “Embracing the …