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Top regulatory priorities for the payments sector

The Payments Association

Regular audits and compliance checks : Firms will face enhanced monitoring and reporting under the proposed policy. They should implement regular audits and strengthen compliance oversight to uphold safeguarding practices. Engaging external auditors may provide additional assurance.

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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

Businesses must proactively assess fraud risks, implement adequate procedures, leverage technology for fraud detection, and foster a culture of compliance to avoid regulatory penalties. This legislation represents a significant shift in corporate accountability, aiming to strengthen the UKs legal framework against financial crime.

Crime 88
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How Financial Institutions Can Combat Business Email Compromise (BEC)

Fi911

Legal costs compound these expenses, particularly when customers sue over losses, or shareholders claim negligence. These systems create audit trails and reduce successful impersonation attempts. Institutions need clear escalation procedures that bypass normal channels. Operational costs mount quickly during BEC incidents.

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What is a Payment Processing System and How Does It Work?

Stax

A typical payment processing procedure involves multiple parties, including the merchant, customer, payment processor, payment gateway, issuing bank, acquiring bank, and card networks. This means they authorize and complete transactions faster than manual processing procedures. Avoid getting into contracts with hidden fees.

Process 88
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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Partnering with regional providers, leveraging AI for fraud detection, and conducting regular audits will ensure compliance, transparency, and operational excellence. Strengthening KYC procedures is critical, ensuring that verification extends beyond master account holders to individual vIBAN end users.

IBAN 88
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Navigating RBI’s 2025 Gold Loan Directives with our Comprehensive Loan Management System

M2P Fintech

Key Proposals in the RBI’s Draft Guidelines Standardized Gold Valuation Lenders must use a transparent and uniform method for valuing pledged gold, with valuation done by certified personnel and subject to periodic audits. Purity checks must be documented and auditable.

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Payments regulation roadmap: Q3 2025​

The Payments Association

This roadmap is designed to support leadership, legal, and compliance teams in navigating a fragmented but fast-evolving regulatory terrain. Firms should also ensure an appropriately detailed audit is carried out before the rules come into effect and before reports are shared directly with the FCA.