Finextra

JULY 10, 2025

Over 1600 websites suspected of promoting financial services without permission were suspended, removed or blocked in 2024 because of the UK's Financial Conduct Authority.

Financial Crimes 69

Financial Crimes Crime Blocks Authorization 69

Finextra

JUNE 26, 2025

AML compliance: Fighting financial crime Criminals always look for ways to misuse payment systems. It’s a set of rules and practices designed to detect, prevent, and report financial crimes. AML stops financial crime. External This content is provided by an external author without editing by Finextra.

PCI DSS 52

PCI DSS AML Process Payment APIs and Integration 52

Finextra

JUNE 11, 2025

This laid the foundation for a centralized monetary authority and future oversight of payment systems. Post-Independence (1947 - 1990s): Building the Foundation After independence, India focused on strengthening its financial infrastructure and extending banking services. It expresses the views and opinions of the author.

Financial Inclusion 52

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer 52

Fintech News

OCTOBER 31, 2024

Tazapay has achieved significant milestones these past years, securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) in 2023, being included in the 2023 CB Insights’ Fintech 100 list , and securing a US$16.9 It’s also registered with the US Financial Crimes Enforcement Network (FinCEN).

Cross-Border Payments 133

Cross-Border Payments Cross-Border Payment APIs and Integration Multi-Currency 133

The Payments Association

FEBRUARY 10, 2025

Regulatory reviews from the Bank of Italy, UIF, and the European Banking Authority (EBA) have identified key shortcomings in the management of vIBANs. Including structured data would help PSPs monitor and mitigate financial crime risks. Common standards would bring consistency and confidence.

IBAN 88

IBAN AML Master Account Due Diligence 88

Neopay

APRIL 10, 2025

million penalty on Revolut Bank UAB the largest penalty ever for the neobank for the deficiencies in its financial crime prevention system. This follows a 2022 penalty of 70,000 for delayed accounts and after previous attention of the UK’s Financial Conduct Authority in 2019 on AML compliance. The fine of 3.5

Central Bank 52

Central Bank Money Laundering AML Financial Crimes 52

The Payments Association

FEBRUARY 10, 2025

On 6 November 2024, the government released its guidance to organisations on the offence of failure to prevent fraud , introduced as part of the Economic Crime and Corporate Transparency Act 2023 (ECCTA). The FCAs financial crime guide outlines expectations for firms regarding anti-money laundering (AML) and fraud prevention.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Neopay

JUNE 26, 2025

For full details on the report, click the link below: [link] FCA Offering Pre-Application Support Service (“PASS”) The Financial Conduct Authority (FCA) is now offering Pre-Application Support Service (PASS) to cryptoasset, payments, and wholesale firms considering applying for registration or authorisation in the UK.

Financial Crimes 52

Financial Crimes Risk Assessment Crime Authorization 52

The Fintech Times

JULY 9, 2025

British neobank, Monzo has become the latest big name in the financial world to come under fire from the Financial Conduct Authority (FCA) for failing to implement adequate controls to stop financial crime between 2018 and 2022.

Financial Crimes 64

Financial Crimes Crime Security Online and Mobile Banking 64

The Payments Association

JANUARY 13, 2025

This manipulation fuels a surge in authorized push payment (APP) fraud, which this report confirms. They use AI to impersonate others online, mimicking voices and live videos with alarming accuracy. Victims may receive urgent video calls from their manager, their child, or others, pressuring them to act quickly without thinking.

Scams 88

Scams Romance Scams Phishing Volume 88

Finovate

JULY 17, 2025

Financial crime prevention innovator BioCatch has launched its behavior-based scam-fighting solution, BioCatch Scams360. The new offering helps financial institutions deal with social engineering-based scams such as authorized push payment (APP) fraud.

Scams 52

Scams Financial Crimes Law Enforcement Email Compromise 52

Neopay

JANUARY 30, 2025

The Financial Conduct Authority (FCA) has recently published its findings on how firms are using the National Fraud Database (NFD) and money mule account detection tools to combat financial crime. The post Tackling money mule activity: Takeaways from the FCAs review appeared first on Neopay.

Financial Crimes 59

Financial Crimes Fraud Detection Crime Best Practices 59

Finextra

JULY 8, 2025

External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author.

Payment APIs and Integration 52

Payment APIs and Integration Payments EMV Authorization 52

Fintech News

JULY 10, 2025

Today, the broader ecosystem is also seen as a vector for financial crime. Consumer protection has always been the loudest rallying cry. Retail investors have been burned time and again, whether by token collapses or fraud. So far in 2025, crypto-related hacks have already resulted in over USD 2.1

Regulations 73

Regulations Due Diligence SWIFT Money Laundering 73

The Payments Association

NOVEMBER 25, 2024

The regulatory landscape: FCA and PSR’s roles in de-risking The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) are pivotal in shaping the UK’s financial ecosystem. By undermining regulated channels, de-risking paradoxically amplifies the very threats it aims to mitigate.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

Finextra

JUNE 18, 2025

Home Announcements Regulation OnePay selects Flagright for trransaction monitoringg and AML compliance External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author.

AML 52

AML Compliance Financial Crimes AI 52

Finextra

JULY 14, 2025

External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author. It expresses the views and opinions of the author. The time to act is now, before the next wave of refunds hits.

ACH 52

ACH Checks Tax Refunds Risk 52

Finextra

JULY 7, 2025

External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author. It expresses the views and opinions of the author. It expresses the views and opinions of the author.

FinTech 52

FinTech Payment APIs and Integration PCI DSS AI 52

The Payments Association

JUNE 16, 2025

Going forward, responsibility for tackling fraud should be shared through a proactive, whole-of-ecosystem prevention strategy, including a mandatory shared responsibility framework among government, financial institutions, telcos, and tech platforms, as well as enhanced collaboration with overseas authorities.

Scams 88

Scams Assessments Consumer Protection Fraud Prevention 88

Neopay

MARCH 6, 2025

The Financial Conduct Authority (FCA) has brought significant criminal charges against John Dance, the former principal partner of WealthTek LLP (formerly Vertus Asset Management LLP). The allegations involve multiple counts of fraud and money laundering, painting a picture of large-scale financial misconduct within the firm.

Money Laundering 52

Money Laundering Audit Due Diligence Compliance 52

The Fintech Times

APRIL 8, 2025

Plaid , a payment institution regulated by the Financial Conduct Authority (FCA), has raised around $575million in a fundraise led by Franklin Templeton , alongside Fidelity Management and Research. Hawk , a European AI company focused on combating financial crime, has also annouced a major new funding round.

FinTech 59

FinTech Settlement Non-Bank AI 59

The Fintech Times

MARCH 12, 2025

The UK governments decision to scrap the Payment Systems Regulator (PSR) and merge its functions into the Financial Conduct Authority (FCA) has divided opinion across the financial sector. Ultimately, we need alignment from authorities to avoid superfluous red tape.” ” Just a logo change?

FinTech 59

FinTech Payment APIs and Integration Fraud Prevention Push-to-Card 59

The Payments Association

APRIL 22, 2025

Industry players (banks and smaller payments players) must continue collaborating on typologies and prioritising detection and awareness campaigns" Jessica Cath Partner, Financial Crime, Thistle Initiatives "As banking security improves, criminals shift tactics, targeting the weakest linkpeople.

Scams 88

Scams Romance Scams Crime Online and Mobile Banking 88

The Payments Association

FEBRUARY 26, 2025

Heres why financial institutions must rethink their authentication strategies to remain competitive. For instance, decreasing authorized push payment (APP) fraud is still a key priority for the UKs Payment Systems Regulator (PSR) in 2025.

Authentication 88

Authentication Risk Fraud Prevention Compliance 88

The Payments Association

JULY 18, 2025

Legal issue/risk Next steps/action required Legal issue/risk: The FCA has the authority to take regulatory action, issue fines, or impose constraints on firms that breach impact tolerances or fail critical resilience testing. Engage with ESMA and national competent authorities. Read More »

Regulations 88

Regulations Payment APIs and Integration Payments Legal 88

The Fintech Times

MARCH 3, 2025

In its new manifesto, ‘ Creating the Conditions to Support Growth and Innovation in Payments ‘, The Payments Association describes the 66 policies recommended by the 216 payments professionals working across financial crime, regulation, open banking, ESG, cross-border payments, digital currencies and financial inclusion.

Governance 59

Governance Government Financial Inclusion Consumer Protection 59

Neopay

JANUARY 21, 2025

In a recent high-profile case, the Financial Conduct Authority (FCA) issued a Final Notice objecting to the proposed acquisition of Olampicaran Limited by Mr Ahmed. Olampicaran, a small payments firm providing money remittance services, was set to be fully acquired by Mr Ahmed.

Financial Crimes 52

Financial Crimes Compliance Crime Breach 52

Neopay

FEBRUARY 5, 2025

The Financial Conduct Authority (FCA) has issued a new Dear CEO letter (dated 3rd February 2025) outlining its priorities for firms within the payments sector. You can read the full letter here: FCA Dear CEO Letter.

Fraud Prevention 52

Fraud Prevention Financial Crimes Compliance Payments 52

Finextra

JULY 14, 2025

It expresses the views and opinions of the author. It expresses the views and opinions of the author. It expresses the views and opinions of the author.

Crime 52

Crime Authorization Privacy Consulting 52

Finextra

JULY 8, 2025

It aims to strike a better balance between financial crime prevention and fair customer treatment. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author.

Money Laundering 52

Money Laundering Due Diligence Risk Risk Assessment 52

The Paypers

JUNE 11, 2025

The stablecoin bill itself introduces a framework for the issuance and regulation of dollar-pegged digital tokens, requiring that they be backed by short-term, liquid reserves overseen by state or federal authorities. The intention is to clarify how stablecoins may be used for payments and to bring them within a formal regulatory perimeter.

Stablecoins 36

Stablecoins Financial Crimes Credit Cards Push-to-Card 36

The Fintech Times

JUNE 10, 2025

Aligned with Dubai’s Economic Agenda D33, the Dubai Financial Services Authority (DFSA) has announced the release of its Business Plan for 2025 to 2026, looking to advance regulatory excellence and innovation within the Dubai International Financial Centre (DIFC).

Regulations 45

Regulations Risk Innovation Compliance 45

Finextra

JULY 17, 2025

Home Announcements Crypto Crypto ATMs seized and arrests made in UK police operation External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author.

ATM 52

ATM Money Laundering Law Enforcement Crime 52

Fintech News

MARCH 31, 2024

The Monetary Authority of Singapore (MAS) has officially rolled out the COSMIC platform , a digital initiative aimed at bolstering the defense against money laundering, terrorism financing, and the proliferation of weapons of mass destruction.

Financial Crimes 113

Financial Crimes Crime Money Laundering Law Enforcement 113

Fintech News

FEBRUARY 21, 2024

The Monetary Authority of Singapore’s (MAS) legislative reform initiative, encapsulated in the Financial Institutions (Miscellaneous Amendments) Bill (FIMA Bill), signifies a strategic overhaul aimed at enhancing the regulatory and enforcement framework governing Singapore’s financial sector.

Financial Crimes 113

Financial Crimes Crime Authorization Consulting 113

Finextra

JUNE 10, 2025

It expresses the views and opinions of the author. FCA appoints deputy chief executive Sarah Pritchard has been appointed deputy chief executive of the Financial Conduct Authority (FCA). 0 16 hours Be the first to comment External This content is provided by an external author without editing by Finextra.

Payment APIs and Integration 52

Payment APIs and Integration Crime Authorization Privacy 52

The Payments Association

JANUARY 29, 2025

2024 brought significant regulatory action, highlighting persistent weaknesses in financial crime controls across the industry. As we enter 2025, we look back at five significant cases from 2024 and the lessons they provide for organisations aiming to strengthen their financial crime frameworks. Department of Justice.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88