The Payments Association

MAY 9, 2025

In 2023, the Financial Action Task Force (FATF) reaffirmed its commitment to Recommendation 16, which requires that accurate and complete information on both the originator and beneficiary accompany all cross-border wire transfers. 2) Regulations 2022 updated existing rules, reflecting elements of the EUs 2023 regulation.

Correspondent Bank 88

Correspondent Bank Correspondent ISO 20022 Wire Transfer 88

Fintech News

FEBRUARY 18, 2024

This includes the development of proprietary technologies such as workflow builders, liveness and deepfake detection, and mechanisms to adhere to the travel rule. “As regulators made the travel rule a compliance requirement, the world is fast evolving to adopt the travel rule.

Verification 122

Verification Travel Rule Multi-Currency Compliance 122

Neopay

JANUARY 25, 2024

This risk is increased where credit and financial institutions engage in business relationships with providers of crypto-asset services which are not authorised under Regulation (EU) 2023/1114.

Service Provider 52

Service Provider Risk Due Diligence Money Laundering 52

Fintech News

JULY 17, 2024

The HKMA concluded that the bank failed to continuously monitor business relationships, conduct enhanced due diligence in high-risk situations for a period, and maintain proper records for some customers. In 2023, there were over 1.4 The proliferation of intermediary wallets has been remarkable.

Money Laundering 111

Money Laundering Law Enforcement AML Non-Bank 111

Fintech News

JANUARY 24, 2024

Further highlighting Singapore’s changing stance towards crypto businesses, several new rules have been introduced this year, which forbid DPT service providers to promote their services to the general public and require crypto service providers in the city-state that only do business overseas to be licensed regardless.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

Global Fintech & Digital Assets

JANUARY 8, 2024

By Simon Hawkins and Adrian Fong On 27 December 2023, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) released a consultation paper on their legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (Consultation Paper).

Stablecoins 59

Stablecoins Consulting Issuers Non-Bank 59