Korean Bank Pays $86m To U.S. Regulators For AML Failings
The Industrial Bank of Korea has been fined $35m by the financial regulator for the …
Regulators Propose Cyber-Resilience Toolkit
A network of financial regulators has proposed a best practice guide for financial institutions dealing …
Money Transmitters Push For Global Standards To Combat De-Risking
The International Association of Money Transfer Networks is hoping to deploy a pilot of new cross-border …
New York Data Law Ups Requirements, Scrutiny For Payment Companies
A wide-ranging data security law in New York State places several important expectations on payment …
Coronavirus Round-Up: What Regulators and Firms Are Saying
Industry continues to argue for regulatory relief as firms struggle to get to grips with the business …
Libra Makes Bid For Swiss Payment Licence
The Libra Association has formally begun the process of applying for a payment licence in …
EU Dirty Money Blacklist To Get End of Year Makeover
EU financial institutions will find out at the end of this year which countries will …
European Commission Allows Enforcement Flexibility On Currency Conversion Rules
The European Commission has allowed national regulators to be flexible in their enforcement of upcoming …
Harmonised AML Laws Are Needed For European Digital Identity
The European Commission’s interest in developing a single digital identity infrastructure across the bloc will …