Latvia: New Regulation on Management of Money Laundering and Terrorism Financing Risks
On September 23, 2016, the Latvian Financial and Capital Market Commission (FCMC) issued Regulation 154/2016 …
Latvia: Ministry of Justice Introduces Draft Law on Personal Data Processing to Implement GDPR
Europe: Instant Credit Transfers Go Live in Eight Countries
On November 21, 2017 the Instant Credit Transfer (SCT Inst) scheme, which was created by …
Regulatory News Updates – May 25, 2018
In Depth: EU Supervision Strategy Questioned Amid Danske Bank AML Probe
The Danish financial watchdog has lambasted one of the country’s largest banks over “serious weaknesses” …
Regulators Blasted Over AML Enforcement As EU Strengthens Hand
A European Parliament special committee has accused financial enforcement authorities in three EU member states …
In Depth: Financial Sector Feels The Heat As Latvia Confronts AML Failings
Latvian authorities, spooked by a recent high-profile failure, have launched a belated assault on the …
Lithuania: Central Bank Announces MoU on Cross-Border Financial Stability Between Nordic and Baltic Countries
On February 9, 2018, the Bank of Lithuania announced that a memorandum of understanding (MoU) …
Cross-Border Instant Payments Go Live In Europe
A new European instant payment scheme for cross-border credit transfers goes live today, hailed by …