AML Compliance Trends
[Opinion] - April 5, 2024 - Finextra.com - In today’s globalised economy, money laundering is increasingly concerning for financial institutions worldwide. 2022 alone, the worst-recorded year for AML events...
[Opinion] - April 4, 2024 - Kennedys Law.com - “The Corporate Transparency Act: Impending effect”, Congress passed the Corporate Transparency Act (“CTA”) in 2021 as a legislative initiative to combat money...
Company Announcements
April 5, 2024 - Finance Magnates.com - The US-based fintech company Skipify has announced a strategic collaboration with Visa through the Visa Digital Commerce Program. This collaboration aims...
April 5, 2024 - Fintech.global - Swan has partnered with Wise Platform, Wise’s infrastructure offering for banks, financial institutions, and enterprises globally. This collaboration aims to enable Swan’s clients to...
April 2024 - Global Data.com - Ant International is expanding its existing partnership with Yapily to introduce Europe’s first-ever commercial variable recurring payments (VRPs) for e-commerce via Open Banking on...
April 4, 2024 - Global Data.com - CAB Payments has expanded into the European Economic Area (EEA) and has secured a payment service provider licence with De Nederlandsche Bank (DNB) to provide services...
April 5, 2024 - The Paypers.com - Open Banking payments provider Trustly has announced the expansion of its collaboration with Cross River Bank, aiming to provide instant payments by adding the FedNow Service...
April 5, 2024 - Fintech Magazine.com - Ripple is set to issue a new stablecoin pegged to the US dollar, bringing more utility and liquidity to the XRP Ledger. Leading provider of enterprise blockchain and...
CSBS
[Newsletter] - April 5, 2024 - CSBS.Mautic.net - In November 2023, we invited more than 60,000 NMLS users to participate in a survey to measure their satisfaction with the system and over 1,400 responded...
Cyprus
April 5, 2024 - Ekathimerini.com - Within a short period after Nicosia’s announcement of closer cooperation with the US on money laundering issues, the Cypriot Council of Ministers approved the signing of a...
Europe
April 5, 2024 - Bloomberg.com - Over a third of the most-threatening criminal networks in the European Union are laundering their profits through real estate, according to a report on organized crime across...
Financial Inclusion Around the World
[Opinion] - April 4, 2024 - Retail Banker International.com - Many of the most successful digital banks in the world are centred on the economics of financial inclusion. Leading examples include WeBank...
April 5, 2024 - Hindustan Times.com - Surpassing the United Kingdom and France, India has become the world’s fifth largest economy. This meteoric rise can be attributed to India’s robust domestic consumption...
FinCEN
[Ongoing Story] - April 4, 2024 - Pymnts.com - The fraudsters are wilier than ever. The dark web offers all manner of details up for sale, from email addresses to Social Security numbers...
Fines, Crimes & Cases
April 4, 2024 - Global Investigations Review.com - PKB Privatbank received a fine of less than $1 million, six years after the bank self-reported historic anti-money laundering issues to Swiss federal prosecutors...
April 5, 2024 - Delano.lu - Luxembourg’s Financial Sector Supervisory Commission (CSSF) has imposed an administrative fine of €68,000 on the payment institution Sogexia for noncompliance with professional...
Fintech Around the World
[Opinion] - April 5, 2024 - Forbes.com - Cultivating innovation and strategic alliances is an important element in the dynamic realm of fintech. My own experience as a CFO within this vibrant sector has shown...
[Opinion] - April 4, 2024 - Global Data.com - Open banking has emerged as a focal point for policymakers aiming to foster competition and innovation in the financial services and fintech sector by enhancing...
April 5, 2024 - Money Control.com - The Reserve Bank of India (RBI) will release the framework for a self-regulatory organisation (SRO) for fintechs before the end of the month, RBI Governor Shaktikanta Das...
April 4, 2024 - Blogs.worldbank.org - Fintech is driving the transformation of Nigeria’s traditional banking systems at an unprecedented pace, increasing the reach and efficiency of financial services in...
OCC
[Ongoing Story] - April 4, 2024 - JD Supra.com - The Office of the Comptroller of the Currency (“OCC”) recently sought comment on a proposed rule designed to increase the transparency of the standards...
Payment Services
April 5, 2024 - Kenyan Wall Street.com - Sending money between Tanzania and her East African neighbors incurs more than 30% in transactional costs, hindering regional economic growth, according to the IMF...
April 6, 2024 - Asia.Nikkei.com - Top financial officials from the Association of Southeast Asian Nations agreed Friday to promote the expansion of cross-border QR payment through compatible platforms...
April 5, 2024 - Ventures Africa.com - In the ever-evolving landscape of African financial technology, a notable shift is underway as regional financial institutions are increasingly leveraging blockchain...
April 5, 2024 - Central Banking.com - Laos and Brunei have joined a group of Asian central banks that are working to link up their domestic payment systems. The Bank of the Lao PDR and the Brunei Darussalam...
Philippines
April 6, 2024 - Philstar.com - Unregistered designated non-financial businesses and professions (DNFBPs) that failed to register on time could face more stringent sanctions from the financial intelligence...
Remittances & Immigration
April 5, 2024 - Gulf News.com - The UAE’s remittances sector and how residents send money overseas are up for some major changes in the coming weeks as the 15 per cent fee hike is introduced by...
April 5, 2024 - Financial Express.com - The Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) have apprised the World Trade Organisation (WTO) of ways to reduce the cost of...
April 5, 2024 - My Republica.Nagarik Network.com - Nepal's balance of payments (BoP) surplus reached Rs 327.55 billion as of mid-March, driven primarily by a consistent increase in overall financial inflows...
April 5, 2024 - Somoynews.tv - Expatriate Bangladeshis have sent home $199.68 crore in remittances in March, with those from the UAE leading the list, according to central bank data...
South Africa
April 5, 2024 - IT Web.co.za - Just over a year after South Africa’s greylisting by global financial crime watchdog, the Financial Action Task Force (FATF), the country has significantly improved its...
United Kingdom
April 5, 2024 - JD Supra.com - HM Treasury has launched a consultation with proposals to improve the effectiveness of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on...
Virtual Currencies Around the World
April 2024 - The Global Treasurer.com - The world is moving towards digital payments, with Central Bank Digital Currencies (CBDCs) like a bank-backed digital euro being seriously considered. This is raising...
[Video] - April 5, 2024 - France24.com - The European Central Bank is making plans for a digital currency, an electronic equivalent to cash. FRANCE 24's Charles Pellegrin speaks to Positive Money Europe's...
Also See:
April 5, 2024 - DL News.com
April 5, 2024 - Indiatimes.com - The Reserve Bank of India (RBI), in an effort to expand the usage of the Central Bank Digital Currency (CBDC), has now proposed to allow distribution of CBDCs through Non...
Also See:
April 5, 2024 - News.abplive.com
April 5, 2024 - Lawfuel.com - As the world evolves, traditional systems are being refashioned to adapt to new trends. In recent years, nothing depicts this truth more than the meteoric rise and general acceptance...
April 5, 2024 - Blockchain Magazine.net - Cryptocurrency regulation refers to the legal framework and policies governing the use, trading, and issuance of cryptocurrencies within a jurisdiction. Regulation...
