Devil Is In the Detail of European Commission's AML Ambitions
The European Commission’s plans to overhaul Europe’s anti-money laundering (AML) framework could lead to more effective …
Swedish Law on How to Market Payment Methods in E-Commerce
On April 3, 2020, the Swedish government published Act SFS 2020:176 concerning the presentation of …
Nigeria: Data Protection Regulation 2019
The Nigeria Data Protection Regulation became effective in January 2019. The new regulation is considered …
Criminal Liability For AML Failings Looms In EU
New anti-money laundering (AML) liabilities due to be transposed by EU member states by December …
Hong Kong: Guidance for Authorised Institutions on Risk Management of E-Banking Activities
On October 24, 2019, the Hong Kong Monetary Authority published version three of its Supervisory Policy …
UK's Dream Brexit Deal Would Be Boon For Payment Providers
The UK’s proposal for a trade deal with the EU would allow payment firms to …
Sri Lanka: Developing an Open Banking Framework
On March 2, 2020, the Central Bank of Sri Lanka (CBSL) launched a consultation on …
Lithuania To Up Anti-Money Laundering Scrutiny
The Bank of Lithuania will intensify its focus on anti-money laundering compliance by payment services …
Fraudsters Go For Billions Of U.S. Business Loans Program
Financial institutions must be on the lookout for fraudulent attempts to access bank loan funds …