As with the European Parliament’s April 2024 adopted texts, the Council of the EU’s proposed amendments to the European Commission’s June 2023 legislative proposals touch on some significant areas of interest for payment...more
Key developments of interest over the last month include: the Central Bank of Somalia announcing the launch of the Somalia Instant Payment System (SIPS), the country’s first nationwide instant payments infrastructure; the...more
4/28/2025
/ Australia ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
EU ,
Financial Regulatory Reform ,
FinTech ,
Payment Systems ,
Popular ,
Regulatory Agenda ,
UK
The Single Rulebook is intended to be a single source of AML/CTF regulation that will be applied uniformly in all member states across the EU. This will be achieved primarily through the new AML Regulation, which will be...more
4/15/2025
/ AML/CFT ,
Anti-Money Laundering ,
Beneficial Owner ,
Cryptocurrency ,
EU ,
Financial Crimes ,
Financial Institutions ,
Money Laundering ,
New Regulations ,
Popular ,
Regulatory Reform
Key developments of interest over the last month include: a new Bill containing detailed new information and account direct deduction obligations for banks and EMIs being introduced to the UK Parliament; the issuing of a...more
As the evolution of payments continues at a rapid pace it is important that industry participants are up to date on the regulatory developments supporting and guiding these developments. This publication outlines the key...more
The outlook for 2023 looks uncertain, following another tumultuous year. The collapse of a number of large cryptocurrency exchanges has shone another spotlight on the digital asset market. The financial system’s resilience...more
To ensure the financial system continues to work effectively if there is a "hard Brexit" HM Treasury has been finalising a series of statutory instruments which will ensure there is a workable legal framework for retail...more
12/14/2018
/ Consumer Credit Protection ,
Consumer Financial Products ,
Consumer Lenders ,
E-Commerce ,
EU ,
Financial Services Industry ,
HM Treasury ,
Member State ,
Money Laundering ,
Passporting ,
Payment Systems ,
SEPA ,
UK ,
UK Brexit ,
Wire Transfers