Online Money Transmitter Pays $1.4m To Settle OFAC Investigation
Payoneer has agreed to pay the U.S. Treasury’s Office of Foreign Assets Control (OFAC) $1.4m …
Philippine Central Bank Orders Operator Of Payment System To Halt
The Bangko Sentral ng Pilipinas has issued an order to an operator of payment system to suspend …
EU Presents Comprehensive AML Proposals
The European Commission has published four legislative proposals with the aim of centralising the EU’s …
Screening - When Problems For Compliance Officers Become Problems For Customers
Instant payment providers are facing problems as they try to honour their promises to process …
Maltese Regulator Makes First Crypto Firm An EMI
The Malta Financial Services Authority (MFSA) has handed out its first electronic money institution (EMI) licence …
Payments Face Fragmented Regulation Globally, Says BIS
The application of payments requirements varies widely across different jurisdictions, the Bank for International Settlements …
Mixed Messages From Belgium's Digital Payments Shift
Belgium’s central bank has joined European counterparts in outlining a dramatic digitisation of the payments sector in …
UK Outlines New Ways To Regulate Digital Money
The Bank of England has published a discussion paper on systemic stablecoins and UK central …
Lithuania Prods Fintechs On Compliance Under Glare Of Wirecard Fallout
The Bank of Lithuania has nudged fintech firms to ensure their processes are up to …