The Payments Association

JANUARY 13, 2025

Under the Bill, PSPs will be required to review their obligations under this evolving legal framework to confirm their ability to deliver on redemption guarantees. This could lead to disputes over ownership, custody, and liability in cases where the legal framework is yet to be fully tested.

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

Fintech News

JULY 17, 2024

Crypto bridges, which facilitate the transfer of assets between different blockchain networks, have become increasingly popular for money laundering. This trend highlights how criminals are exploiting the interoperability of different blockchain networks to further obscure the trail of illicit funds. billion in 2024.

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

The Fintech Times

AUGUST 19, 2024

In April 2024, the country reviewed the legal framework for virtual assets declaring that providers must register and comply with the duty to report to authorities. This reflects the growing acceptance of digital assets within the country’s legal framework.

Legal Framework 64

Legal Framework Money Laundering Cryptocurrency Card Issuer 64

The Payments Association

FEBRUARY 10, 2025

This legislation represents a significant shift in corporate accountability, aiming to strengthen the UKs legal framework against financial crime. Additionally, some firms are beginning to use blockchain and digital ledger technologies to enhance transparency and prevent financial fraud in supply chains and payment systems.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Neopay

JULY 18, 2024

Challenges for Financial Organizations: Cryptocurrency and blockchain were the most significant challenges for financial organizations in 2022, according to 21% of professionals. Europe, for example, continues to lead in the implementation of stringent AML regulations.

Money Laundering 52

Money Laundering AML Cryptocurrency Law Enforcement 52

CoinRemitter

JUNE 30, 2024

Despite being built on the blockchain , many don’t know how DAOs function or their potential impact on different industries. Decentralized Autonomous Organizations Decentralized Autonomous Organizations are an organizational structure that operates autonomously through smart contracts on the blockchain. Let’s understand what DAOs are.

Governance 40

Governance Government Money Laundering Blockchain 40

Clearly Payments

FEBRUARY 8, 2024

Additionally, payment regulation mandates stringent security measures, data protection standards, and adherence to anti-money laundering (AML) regulations to thwart fraud, cybersecurity breaches, and illicit financial activities. Regulating emerging technologies presents both challenges and opportunities for regulators.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105