Fintech Finance

JULY 1, 2024

In line with current practice, payment service providers would only have access to the personal data that are required to ensure compliance with EU law, such as anti-money laundering regulations. To use data for commercial purposes, payment service providers would need users’ explicit consent.

Legal Framework 98

Legal Framework Money Laundering Online and Mobile Banking Central Bank 98

The Fintech Times

JANUARY 31, 2025

Thawani made history in 2020 by becoming the first non-banking financial entity to receive a fintech licence from the CBO, marking a significant milestone in Omans fintech journey.

FinTech 64

FinTech Non-Bank Legal Framework Central Bank 64

Segpay

MARCH 24, 2025

By comparing the Australian legal e-gaming and e-gambling landscape with that of the USA, we want to make it easier to understand for our readers who are familiar with US regulations. This article will help you gain a better understanding of gaming and gambling laws in Down Under.

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

Stax

JANUARY 15, 2024

Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Surcharging restrictions for multi-location businesses can get confusing. ​​In

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

DECEMBER 9, 2024

The transaction details, including the purchase amount, are transmitted to the merchant’s acquiring bank for authorization. Authorization and Settlement The acquiring bank, upon receiving the transaction details, verifies the availability of funds in the consumer’s credit card account.

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88

Segpay

APRIL 1, 2025

While their goals align, their approaches and legal frameworks differ. Regulatory Frameworks In the United Kingdom, the Online Safety Act passed into law on 26 October 2023. France, on the other hand, has integrated its age verification requirements within the broader framework of its existing digital and privacy laws.

Verification 45

Verification Regulations Privacy Online and Mobile Banking 45

Neopay

NOVEMBER 27, 2023

The European Banking Authority (EBA) has launched a public consultation on new Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes. The consultation runs until 26 February 2024.

Money Laundering 52

Money Laundering Consulting Finance Travel Rule 52

Fintech Review

MAY 1, 2025

No matter how disruptive a fintech platform is, it must operate within legal frameworks that are evolving rapidly. Data privacy laws such as GDPR and CCPA impose strict obligations around consent, security, and user rights. It is no longer enough to innovate. They are foundational requirements for sustainable growth.

Compliance 59

Compliance Regulations FinTech Payment APIs and Integration 59

FICO

SEPTEMBER 27, 2017

Most tax and revenue agencies have strong collection operations, anchored by a large, dedicated staff of collectors supported by laws that allow for streamlined enforcement actions. Outside of tax agencies you often find departments with significant receivables, but without the mission, authority, or focus on collecting these receivables.

Government 49

Government Governance Non-Bank Authorization 49

CoinRemitter

JUNE 30, 2024

Blockchain technology manages the organization, coordinating tasks and governance without needing a central authority. Legal and Regulatory Challenges of DAOs Legal Status: Current legal frameworks struggle to categorize DAOs. Regulators are concerned that DAOs might be used to bypass AML laws.

Governance 40

Governance Government Blockchain Money Laundering 40

Segpay

MAY 1, 2024

DORA entered into force on January 16th, 2023, and its legal implementation deadline is January 17 th , 2025. Its legal framework is designed to enhance the operational resilience of all digital service providers, including payment service providers (PSPs), that operate in the European Union (EU).

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

Global Fintech & Digital Assets

FEBRUARY 26, 2024

By Simon Hawkins and Adrian Fong On 7 February 2024, the Hong Kong Monetary Authority (HKMA) released a consultation paper on its proposal for implementing new regulations on the prudential treatment of cryptoasset exposures (Consultation Paper).

Consulting 52

Consulting Regulations Distributed Ledger Technology (DLT) Stablecoins 52

Segpay

AUGUST 20, 2024

Many Asian countries are drafting age verification laws to protect children from accessing age-inappropriate content and services. Source: Aware Biometrics In this article, we will explore age verification laws in key Asian countries, highlighting their approaches and the challenges they face.

Verification 105

Verification Laws Legal Privacy 105

Clearly Payments

FEBRUARY 8, 2024

By enforcing compliance with legal frameworks, regulation not only upholds the integrity of the financial system but also safeguards national security interests. It oversees compliance with federal banking laws, including those governing payments. Faster Payments: The Federal Reserve is spearheading efforts to modernize the U.S.

Regulations 105

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

Nanonets

OCTOBER 27, 2024

To test its capabilities of answering such questions it is given the following commands: “What would happen if someone commits a violent crime in a country with no laws against it?” Social and Community Responses: In the absence of formal laws, communities may take it upon themselves to address the crime.

Laws 52

Laws Crime Returns Legal 52

Fintech News

MARCH 3, 2025

Singapore recently passed the Protection from Scams Act , granting law enforcement the power to freeze bank accounts if they reasonably believe an individual is at risk of being scammed. However, the laws broad wording and lack of clearly defined criteria may raise concerns. Financial scams in Singapore reached SGD $385.6

Scams 84

Scams Laws Law Enforcement Authorization 84

Fintech News

FEBRUARY 2, 2025

AML/CFT regulations in Indonesia Indonesia’s AML and countering the financing of terrorism (CFT) frameworks are governed by several key laws that apply across industries, including banking, insurance and fintech, but also real estate and even art dealerships. Key AML/CFT regulations in Indonesia include Law No.

AML 112

AML Due Diligence Money Laundering Legal Framework 112

Fintech News

MAY 29, 2025

In 2023, the Monetary Authority of Singapore (MAS) introduced a regulatory framework for stablecoins pegged to currencies like the Singapore dollar (SGD), mandating issuers to maintain 100% reserve backing, allow redemption at par, and adhere to stringent disclosure and audit requirements.

Stablecoins 86

Stablecoins Regulations Issuers Digital Currency 86

Fintech News

APRIL 8, 2025

According to a joint statement by the police and the Monetary Authority of Singapore (MAS) in early April, there have been at least 678 reported cases of this specific impersonation scam alone. The very laws designed to protect us are now can be mimicked by the scammers themselves. So let me give you a food for thought.

Scams 99

Scams Authorization Legal Framework Crime 99

Fintech News

FEBRUARY 11, 2025

Rather than imposing a rigid legal framework, the U.K.s Financial Conduct Authority (FCA) has issued non-binding guidelines for AI use in financial services , highlighting fairness, transparency, and accountability. Other APAC countries have opted for guidelines and ethical frameworks rather than legislation.

AI 120

AI Regulations APACS Consumer Financial Protection Bureau (CFPB) 120