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Top regulatory priorities for the payments sector

The Payments Association

Firms should be prepared for more onerous record-keeping and reporting requirements and factor in the costs of additional compliance obligations, including holding client funds under statutory trust. Proposals from the Treasury include making stablecoin issuance an FCA-regulated activity.

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Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

Smaller firms, for example, are likely to bear the brunt of financial pressures introduced by the reforms with hiked compliance costs that come with implementation of new safeguarding workflows, engaging with auditors and fulfilling enhanced reporting requirements. Read More

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Extra time for payment service providers to investigate fraud

Neopay

On March 12, 2024, HM Treasury announced its proposal for the Payment Services (Amendment) Regulations 2024. These new regulations aim to empower PSPs with more time to investigate transactions suspected of fraud or dishonesty, thereby enhancing the industry’s ability to combat fraud effectively.

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The payments regulation roadmap: Q2 2025

The Payments Association

Immediate focus areas include fraud prevention, ISO 20022 readiness, and stablecoin regulationbut longer-term success depends on active engagement with consultations, operational resilience, and global alignment. What’s next? The payments landscape is entering a defining phase of regulatory transformation.