UK: FCA Publishes Findings of Review Into Money Laundering/Terrorist Financing Risks in E-Money Sector
On October 3, 2018, the Financial Conduct Authority (FCA) released a report on its findings …
Taiwan: Financial Supervisory Commission Announces Amendments to Specialised Electronic Payment Institutions Obligations
Hong Kong Ups Pressure On E-Money Firms, Pushes Innovation Reforms
Hong Kong’s financial watchdog has ramped up checks at prepaid providers and remittance firms as …
Mexico: Central Bank Consults on Regulation for E-Money Payment Institutions
European Parliament Agrees To Strict Controls On Anonymous Prepaid Cards
European parliamentarians have given the seal of approval to reforms that will classify anonymous prepaid …
Kenya: Communications Authority Announces Mobile Financial Services Interoperability Network
On January 22, 2018, the Communications Authority in Kenya announced an interoperability agreement between mobile …
Canada: Consultation on New Retail Payments Oversight Framework
The Department of Finance has published a public consultation on a new oversight framework, which …
US: Final Rule Creates New Requirements for Prepaid Accounts
The Consumer Financial Protection Bureau (CFPB) has issued a final rule establishing new consumer compliance …
US: FRBB Report on Choosing a Mobile Wallet
On March 13, 2017 the Federal Reserve Bank of Boston (FRBB) published a paper called …