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- Category: Hidden
- PSR publishes first APP scams performance report
- The EBA consults on new Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes
- UK should tap open banking to take on card schemes – govt-commissioned review
- FCA and Bank of England publish proposals for regulating stablecoins
- Banks look to fintechs to stave off threat from Big Tech
- EU agrees game-changing deal for instant payments
- Lloyds warns over surge in crypto scams
- Spanish banks road test ‘digital euro’ on existing payment infrastructures
- 74% of UK payments leaders believe AI will mitigate risk
- Eurosystem proceeds to next phase of digital euro project
- The FCA and PRA propose measures to boost diversity and inclusion in financial services
- FCA delays crypto cooling rules
- Half of all payments now made using debit cards
- Visa launches global cross-border money movement package
- European banks join forces on new fraud fighting tool for instant payments
- New annual report shows PSR’s positive impact in first year of its Strategy
- PSR seeks views on APP fraud reimbursement limit and consumer standard of caution
- UK Government to explore the use of open banking payments
- Survey suggests industry divided on CBDCs
- Mastercard launches CBDC partner programme
- New SAR Portal
- UK banks more resilient to market conditions than US counterparts: FIS
- Terms of Central Bank Digital Currency Taskforce: Terms of Reference
- Financial Services & Markets Act 2023 gives FCA new powers to protect access to cash
- Consumer Duty firm survey – Spring 2023
- Launch of permanent Digital Sandbox
- Fintechs demand end to hidden bank fees in international payments
- UK Treasury rebuffs calls for crypto to be regulated as gambling
- Central bank interest in CBDCs shows no sign of waning
- PSR confirms new requirements for APP fraud reimbursement
- UK banks expect rise in cyber crime due to economic downturn
- Open consultation – The digital pound: A new form of money for households and businesses?
- UK Banks ramp up pressure on Big Tech in fight on fraud
- UK’s cashless transition under the microscope as Payments Choice Alliance pushes back
- Regulate crypto as gambling says UK Treasury Committee
- Global banks turn to fintech partnerships
- Fintech projected to become a $1.5 trillion industry by 2030
- European Parliament paper rejects Digital Euro CBDC launch
- UK consumers embrace Alternative Payment Methods
- Financial sanctions: guidance
- Plans take shape for EU anti-money laundering hub
- Financial Services Regulation: Measuring Success – Call for Proposals
- FCA sets out steps to improve whistleblower confidence
- FCA to require 20k companies to report financial resilience
- UK Consumers Resistant to Digital-Only Banks Despite Cost-of-Living Pressure
- Financial Services Firms Give in to Regulatory Pressure as 76% Increase Compliance Expenditure
- Bank of England begins building Britcoin team
- Mastercard unveils international payments tool
- FCA to lead GFIN Greenwashing TechSprint
- Economic Crime and Corporate Transparency Bill 2022: Factsheets
- EBA consults on amendments to Guidelines on risk-based AML/CFT supervision to include crypto-asset service providers.
- EBA publishes new set of indicators to identify potential causes of consumer harm
- Recommendations for the next phase of open banking in the UK
- 94% of banks to invest in modern payment technology
- Visa and Mastercard $5.6 billion interchange settlement upheld
- Fintech Firms Halt Hiring Amid Economic Crisis
- Mastercard certified as digital ID provider in the UK
- FCA to collect Treasury’s economic crime levy (Anti-Money Laundering) from July
- PSR seeks views on papers for card scheme and processing fees market review
- Instant payment transactions to exceed 235 billion globally by 2027
- UK financial services sector spending £22k per hour fighting fraud
- Update on FCA Authorisations operating service metrics
- FCA and police join forces to crack down on crypto ATMs
- Open Banking payments transactions to surpass $330 billion by 2027
- UK Government opens BNPL consultation
- Banks receiving APP scam payments pushed to step up standards
- Cryptoasset firms marketing to UK consumers must get ready for financial promotions regime
- Open consultation: Future financial services regulatory regime for cryptoassets
- The future of UK consumer payments – no CBDC?
- Surge in fraud and scams sends shivers through the City’s financial services space
- Number of cash withdrawals in the UK rises for first time in 13 years
- UK associations form crypto industry alliance; government preps consultation on digital pound
- UK Fintech funding remains ahead of rival hubs in Europe and Asia
- Open consultation: Payment Services Regulations Review and Call for Evidence
- Bank of England outlines plans to preserve wholesale cash distribution
- $89 billion in bank revenues at risk by slow adoption of next generation payments
- FCA outlines stronger rules to protect consumers from rogue financial promotions
- Consultation on effective management of ML/TF risks when providing access to financial services (EBA/CP/2022/13)
- US banks snap up FinTech deals as valuations tumble
- As card use soars, UK retailers demand urgent intervention on interchange and scheme fees
- Edinburgh Reforms: UK government announces widespread transformation for financial sector
- FCA fines Santander UK £107.7 million for repeated anti-money laundering failures
- Open Banking now a “Must Have” globally
- How are you responding to a more proactive FCA?
- FCA admits register in need of further improvements
- FTX implosion shows need for crypto regulation – BofE’s Cunliffe
- Knocked down but not out: the return of cash
- UK SMEs to prioritise international expansion in 2023
- Spanish banks getting ahead of the game with digital euro trial
- ECB issues stark warning over growing risk to EU financial system
- FCA Discussion Paper: The potential competition impacts of Big Tech entry and expansion in retail financial services
- FCA authorisations update
- FCA updates guidance for branch closures
- Consumers embrace FinTech to tighten grip on finances as cost of living rises
- Mastercard brings crypto trading capabilities to banks
- 75% of UK banks will invest in tech to combat costs
- Firms must be FCA’s ‘eyes and ears’ in fight against financial crime
- UK government launches fraud and money laundering crackdown
- London breezes past European rivals to retain finance hub crown
- New appointed representative requirements on way for UK financial firms
- UK embraces digital banking – Europe still trailing behind
- Citi to exit UK retail market
- ECB selects companies for prototyping of digital euro
- Why are compliance audits necessary to maintain a successful business?
- How to Succeed in the New FCA Era
- Fed finalises system for evaluating fintech access to services
- Working group formed to determine the future of UK open banking
- CBDCs could be ‘holy grail’ of cross-border payments – ECB
- UK Parliament opens inquiry into crypto sector
- Contactless makes up a third of all payments, while case falls again in 2021
- FCA confirms new rules to improve oversight of Appointed Representatives
- Lord Hammond enlisted to back £1 billion UK fintech fund
- EBA warns talent shortage will hamstring crypto regulation
- 197 firms lost FCA permissions last year
- Dutch Central Bank fines Binance EUR3.3m
- Fintech valuations fall by half a trillion
- FCA highlights financial crime concerns to Challenger Banks
- US and UK to strengthen collaboration on crypto regulation, FCA says
- Bank of England to announce crypto regulation
- FCA continues ‘heavy’ tech investment for decision making
- UK Payments Regulator to Launch Review on Visa and Mastercard Fees
- Bankers Urge EU to Proceed With Caution on Digital Euro
- EBA publishes Guidelines on role and responsibilities of the AML/CFT compliance officer
- UK removes AISPs from AML regulation
- FCA to strengthen protection of access to banking services
- Regulators seek legal ground for revoking licences of firms who breach AML rules
- Mastercard launch biometric facial recognition for POS payments
- Debit cards dominate across Europe as cash recedes and digital grows
- Nationwide stops 2000 more frauds a month with SCA rules
- FCA warns against crypto risk following social media posts
- Can Russian payments systems weather the sanctions storm
- CP5/22 – The Strong and Simple Framework: a definition of a Simpler-regime Firm
- How have firms’ views on financial stability risks in the UK evolved in recent months?
- FCA has assessed less than 25% of whistleblowing reports it received in 2021
- New law to protect access to cash announced in Queen’s speech
- Crypto industry hardens attempts to influence EU policy
- CBI launches campaign to get UK businesses to embrace fintech
- Global fintech funding cools in Q1 2022
- UK unveils bid to become ‘global hub’ for crypto
- FCA review finds weaknesses in some challenger banks’ financial crime controls
- Russia set to challenge legality of frozen central bank assets
- EU Digital Finance Platform launches
- What activities are regulated under FCA requirements?
- Why should you use a compliance service?
- 5 Challenges Businesses Face When Complying to Regulations
- FCA records 50% rise in serious cyber incidents at UK firms
- UK tech ecosystem worth $1 trillion, with fintech dominating
- Banking as a service gaining unstoppable momentum
- Britain will reveal crypto regulation plans in coming weeks, sources say
- European Payments Initiative hits troubles as majority of Banks leave
- Russian invasion of Ukraine: operational and cyber resilience
- Innovate Finance forms International Fintech Group
- Fraud across social media sites hits record highs
- New financial sanctions measures in relation to Russia
- UK Finance expresses fears over FCA Consumer Duty proposals
- Fintech founders and CEOs call on Government to speed up Kalifa reforms
- Open banking passes five million user milestone
- Crypto giants form travel rule compliance platform
- FCA to strengthen financial promotions rules to protect consumers
- FCA review finds evidence of growing competition in retail banking
- Visa launch CBDC solution that targets central banks
- UK fintech investment surges after regulation refresh
- FCA confirms approach to European firms temporarily operating in the UK
- FCA to get new powers to crack down on misleading crypto advertisements
- Financial services industry crippled by rapid rate of digital transformation
- Lords Committee pours cold water on UK CBDC
- FCA fined UK financial organisations £568m in 2021
- UK regulator fines Mastercard, others for prepaid cards cartel
- FCA rejected 1-in-5 new financial firms in 2021 as it “more robustly” applies rules
- The Bank of London launches to tackle UK clearing market inefficiencies
- Visa launches crypto advisory practice
- AML penalties hit $2.2 billion in 2020 as regulators crack down on financial crimes
- Open Banking adoption in UK lending set to hit 70% in next two years
- UK CBDC – Threat or Opportunity for payments industry?
- AML warnings raised at a third of UK EMIs as ‘major gateway’ for illicit funds
- FCA admits ‘work to do’ as backlogs remain for authorisations
- Amazon to ban Visa credit cards in the UK
- FCA board needs more directors, review finds
- US regulators promise crypto oversight clarity
- FCA goes to tender for cryptoassets forensics provider
- Major UK retailers back Bitcoin based loyalty scheme
- Banks failing to tackle climate risks says ECB
- New powers for watchdogs FCA and PRA as UK moves away from EU rules
- EU to ban banks’ use of cross-border permissions to access market
- UK to consult on possible central bank digital currency
- UK crypto fraud pulls more than £146m out of fooled investors’ pockets
- Remote or hybrid working expectations for firms
- NatWest faces fine over money laundering failings
- FCA staff revolt over Rathi’s transformation programme
- UK banks plan to grow partnerships with fintech firms in wake of pandemic
- Digital Pound Foundation launches to promote UK CBDC
- KPMG accused in U.K. of giving regulator ‘false and misleading’ data
- Chase digital bank launches in the UK
- What does the future hold for the UK’s money laundering regulations?
- Too polite to say no: Losses from impersonation scams more than double in H1
- UK sees drop in new fintechs as investors focus on sure bets
- FCA to move faster to remove unused firm permissions
- PayPal rolls out cryptocurrency service to UK
- FCA proposing changes to streamline decision-making
- FCA opens sandbox for year-round applications
- Mastercard set to fight £10 billion interchange fees class action in UK
- Banks rapidly adopting AI to detect and counter money laundering
- Fines for money laundering breaches drop 40% during second pandemic year
- EU to crack down on large cash payments to fight cross-border money laundering
- Mastercard ban in India set to cause issues for domestic banks
- 5 reasons money launderers won’t worry about EU crackdown
- TSB agrees to $3.85m penalty for money-laundering failures
- Spanish financial sector explores design concepts for digital euro
- Mastercard simplifies card payments for crypto firms
- FCA commits to being a more innovative, assertive and adaptive regulator
- The UK’s great bank account shutdown
- EU to ban cryptocurrency anonymity in anti-money laundering plan
- FCA bans Binance in latest cryptocurrency crackdown
- AML regulations driving up compliance costs across UK
- Global spend on financial crime compliance at financial institutions reaches $213.9 billion
- TSB bans cryptocurrency amid fraud concerns with Binance and Kraken
- FCA research reveals increase in cryptoasset ownership
- Central Bank digital currencies to spark new era for FinTech 2.0
- UK’s financial watchdog goes real-time to catch online criminals
- EU takes Luxembourg to court over money laundering rules
- KYC and the rise of cryptocurrency payments
- Guernsey: Standard Chartered did not check possible link to crime
- Crime goes cashless as Covid crisis drives underworld online
- Banks will return to pre-COVID performance levels within three to five years
- EU Expected to Approve UK’s Data Privacy Regime
- UK must learn lessons of Wirecard scandal, warn MPs
- UK announces new sanctions regime to stop money launderers treating country as ‘honey pot’
- Bank of England steps up planning for ‘Britcoin’
- One third of European FinTechs faced regulatory intervention due to partner bank
- City of London calls for ‘paradigm shift’ in tech at banks
- FCA to introduce ‘regulatory nursery’ for newly-licenced firms
- UK adds Pakistan to 21 high-risk states list
- Regtech industry backs FCA calls for ‘purposeful’ AML policies
- Britain to use Brexit “flexibility” to make City of London more attractive
- FCA launches campaign to encourage individuals to report wrongdoing
- Who are banks competing against in payments now?
- What is the potential impact of a digital euro on the financial system
- Financial regulations and compliance: what changes to expect in 2021
- Post-Brexit: significant changes to UK cross-border payments regulation
- UK fintechs seek ‘cure for Brexit’ in Lithuania
- Bank-funded police arrest 122 fraudsters
- U.K.’s financial crimes agency wants companies to invest in compliance
- Report: Open Banking a global revolution or evolution?
- Category: News
- HM Treasury updates high-risk third countries list: immediate actions for firms
- A guide to navigating skilled person reviews
- The escalating costs of global financial crime compliance
- Safeguarding: Is your firm compliant?
- FCA’s Deadline for Reg Data Platform Registration
- FCA review: firms must strengthen anti-fraud measures and victim support
- Consumer Duty: Not once and done
- Skilled Person Reviews (S166) – Latest Payment Sector Data
- Protecting Against Money Mules: Insights from the FCA’s Review
- How the FCA Is Making Form Filling Easier for Applicants
- Ensuring Strong Governance: Lessons from the FCA’s Decision to Fine and Ban Ex-Barclays CEO
- FCA issues 146 alerts in first 24 hours of new crypto marketing regime
- FCA issues £6.5m fine for AML failures: key lessons for firms
- FCA’s Findings on Bank Account Access and Closures
- Rethinking FCA Enforcement: Lessons from Recent Cases
- Strengthening Sanctions Controls: FCA’s 5 Key Areas for Improvement
- FCA Reviews Treatment of UK Politically Exposed Persons
- Case Study: Noda’s Compliance Journey with Neopay
- FCA Launches Review of PEPs Compliance in Financial Services
- FCA Launches Investigation into Bank Account Closures
- Protecting Consumers from Financial Scams: HM Treasury’s Proposed Ban on Cold Calling
- Tackling financial crime in the payments sector and new SAR portal
- FCA maintains vigilance despite decline in enforcement cases
- National Audit Office to assess effectiveness of the FCA
- Join the FCA and UKFIU Webinar: Financial Crime in the Payments and E-Money Sector
- Have Your Say in AML/CTF Supervision Reform
- FCA issues letter to cryptoasset firms about the new financial promotions regime
- Payment Services: Revised Rules Enhancing Consumer Protection and Competition in Electronic Payments
- 10 Essential Questions Firms Must Consider as the Consumer Duty Deadline Approaches
- Inadequate money laundering and terrorist financing controls found in EU payment institutions
- Good Practice: Customer Risk Assessments Frameworks
- FCA Authorisation for Firms Operating in the Payments Industry: Key Considerations and Best Practices
- FCA Implements Stricter Rules for Marketing Cryptoassets
- FCA’s Enforcement Strategy: Uniting Accountability and Collaboration
- New Guide for Submitting Better Quality Suspicious Activity Reports (SARs)
- Common compliance challenges faced by firms post-FCA authorisation
- FCA Warns of Impending Consumer Duty Deadline: Are You Prepared?
- Are you ready for the Economic Crime Levy and associated reporting requirements (FIN074)?
- Top Mistakes to Avoid During the FCA Authorisation Process
- EU Parliament Adopts New Crypto Rules
- Tips for Building a Robust Compliance Program
- FCA Begins Criminal Proceedings Against Investment Fraudsters
- FCA Sets Out Ambitious Plan to Accelerate Work in Four Key Areas
- Protecting Your Business: The Importance of Financial Crime Audits
- Consumer Duty webinar update
- Considerations for firms leaving the Temporary Permissions Regime
- An Introduction to Customer Risk Assessments
- Extension of Annual Financial Crime Reporting Obligation (FCA PS21/4)
- FCA issues letter to payment firms over lack of controls and unacceptable risk
- FCA launches Consumer Duty Survey
- Are you ready for your Consumer Duty review April deadline?
- Lessons learnt from the recent financial crime fines issued by the FCA
- [Infographic] Financial Crime: 2020-2022 Compliance Report
- Implementing the Consumer Duty in payment firms – A letter from the FCA
- Has your business started planning for the Consumer Duty?
- Recent changes to the reporting threshold under the UK Suspicious Activity Report (SAR) Regime
- FCA fines Guaranty Trust Bank (UK) for AML failures – what are the lessons learnt?
- The FCA asks for feedback on its Quarterly Consultation Paper
- The FCA updates its Consumer Duty page with some key topics
- Number of FCA fines more than doubled in 2022
- EBA publishes guidelines on remote customer onboarding
- Financial Promotions under Scrutiny by the FCA
- Latest FCA Authorisation Granted to E-money Firm
- The latest Consumer Duty updates and what they mean for your business
- HM Treasury publishes revised list of high-risk third countries
- Bank fined £1.5m for poor AML framework, systems and controls
- US Prepaid and Debit Card Industry in 2022 [Infographic]
- What does the new FCA approach mean for e-money and payment firms? With Nigel Reed
- How to succeed with the new FCA Approach
- The challenges of AML in 2022
- FCA update on the Skilled Person Reviews
- OFSI Reporting Obligations to Change Come August
- FCA puts measures in place to protect the financial sector
- What does the FCA’s new Consumer Duty mean for financial firms?
- Compliance Challenges and Costs in 2022
- FCA warns of fake emails, websites, letters and phone calls
- Why are compliance audits necessary to maintain a successful business?
- EBA publishes Guidelines on role and responsibilities of the AML/CFT compliance officer
- Regulating finance for the UK – Charles Randall, Chair of the FCA and PSR
- Issues surrounding financial regulation – a view from the FCA
- FCA investigates the negative side of cryptocurrency
- The Wolfsberg Group FAQs on NNS
- New FCA powers to speed up cancellation of unused permissions
- The FCA review on challenger banks – key takeaways
- The FCA implements a 3-year strategy
- The role of innovation led by the FCA
- Operational resilience: The impact that Russia has caused
- FCA notice to all regulated firms with exposure to cryptoassets
- What are the 8 elements of a compliance program?
- FCA Update and Feedback on Operational Resilience
- FCA’s expectation for Heads of Compliance and MLROs
- What are the AML Review Requirements?
- Do You Have an FCA Compliance Monitoring Plan?
- FCA Trends: Focus on Data
- How to make your compliance program more effective
- FCA Remote Work Expectations? A Complete Compliance Guide
- FCA Plans to Tighten Appointed Representatives Legislation
- Our Guide To Cutting The Cost Of AML Compliance
- FCA Trends: Section 166 Audits
- FCA Trends: Growing Focus on Culture for FCA Regulated Firms
- FCA lays out future challenges and priorities
- The Importance Of An EU License Post Brexit
- FCA issues fresh warning on ‘pump and dump’ crypto scams
- Binance ‘Not Capable’ of Supervision in the UK According to FCA
- Monzo is being investigated by FCA over potential financial crime
- The Challenges of Compliance in 2021 [Infographic]
- The FCA issues warning to banks over financial crime and AML failings
- New FCA Consultation on Operational Resilience
- What is a Compliance Consultant? | A Neopay Guide
- FCA says cryptocurrency firms are not meeting anti-money laundering rules
- Crucial Requirements for FCA Compliance and How You Can Prepare Your Application
- FCA proposes stronger protection for consumers in financial markets
- The FCA plans to reshape itself in a post pandemic world
- New report published on trade-based money laundering risk indicators
- The Future of Fintech in the U.K. – The Kalifa Review
- The FCA sets out approach to international firms
- FCA issues urgent warning on fraud that could cost you over £200 this Christmas
- UK Fraud Activity 2020 [infographic]
- Neopay’s 123signed technology partners with 4Stop’s automated KYB underwriting solution
- The Challenges of Compliance in 2020
- Axius Global obtain e-money authorisation in 6 weeks
- FCA Business Plan and Priorities
- Neopay Partners With FN1X
- 123signed is FinTECHTalents’ Fintech of the Week
- How Compliance Can Increase Sales
- Category: Uncategorized