Latvia Hits Bank With €1m Fine Over Dirty Money Failings
Authorities in Latvia have fined PrivatBank just over €1m ($1.1m) for numerous breaches of anti-money …
Hong Kong: Circular on New Licensing Requirements for Money Service Operators
On September 18, 2019, the Hong Kong Customs and Excise Department released a circular on …
Lithuania: Parliament Completes Amendments to AML Act VIII-275 for Transposition of 5th AMLD
On September 18, 2019, the Lithuanian parliament (Seimas) published amendments to the Money Laundering and Terrorist …
Swedbank Faces Up To Money Laundering Failings
Swedbank has acknowledged failings in its responsibility to prevent financial crime in a letter to …
India: RBI Publishes Discussion Paper on Guidelines for Payment Gateways and Payment Aggregators
The Reserve Bank of India (RBI) has published a discussion paper on guidelines for payment gateways …
Vietnam: State Bank Consults on Draft Decree Amending and Supplementing Decree on Preventing Money Laundering
On September 13, 2019, the State Bank of Vietnam published a draft decree amending and …
Malta Stung Over Lacklustre Money Laundering Controls
The government of Malta has been chastened by a damning assessment of its anti-financial crime …
FinCEN Warns Crypto Firms Over Long Arm Of U.S. Enforcement
U.S. enforcement authorities have shot a warning to firms seeking to build an international payment …
What Does The New-Look European Commission Mean For Payments?
Fintech, cryptocurrencies and protection against US sanctions were placed at the heart of the financial …