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Evolving money laundering risks for EMIs: Insights from the upcoming NRA

The Payments Association

The report references recent supervisory data and law enforcement casework, which indicate that while some EMIs have strong controls, others continue to exhibit weak governance and insufficient financial crime frameworks. The NRA does acknowledge sector diversity.

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Understanding PCI DSS, PSD2, and AML in Payment Processing: A Practical Guide

Finextra

Most local laws follow their recommendations. Core AML requirements you must follow Here’s what you need to put in place: Know Your Customer (KYC) checks Real-time transaction monitoring Risk-based assessments Suspicious Activity Reports (SARs) These steps help you identify and stop illegal transactions before they harm your business.

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Money mules create a real-time AML problem: Here’s how to address it

The Payments Association

Most money laundering typologies, such as transaction layering, rapid and high-frequency fund movements, and unusual counterparty relationships, require historical transaction data to identify suspicious patterns. It takes AML teams weeks (if not months) of diligent analysis to escalate these activities to law enforcement.

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FinCEN Files Show Banks’ ‘Whack-a-Mole’ Battle Against KYC/AML

PYMNTS

Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) show that several of the largest global banks moved money on behalf of scores of individuals and enterprises involved in criminal financial activity. trillion in suspicious transactions; J.P.Morgan followed with $514 million and Standard Chartered logged $166 million.

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RBS Slapped With Lawsuit Over Frozen Accounts

PYMNTS

The Royal Bank of Scotland (RBS) is being sued by an unnamed British payments company over allegations that RBS froze accounts on suspicion of illegal activity by the company’s clients, according to a report in the Financial Times. The result, Downes said, was that the company lost significant amounts of money. “It

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Compliance, Gaming and Gambling in Australia vs USA

Segpay

This article will help you gain a better understanding of gaming and gambling laws in Down Under. USA: Stricter transaction monitoring, requiring Suspicious Activity Reports (SARs) to FinCEN and geographical targeting orders (GTOs) for high-risk areas.

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UK's Financial Intelligence Unit publishes latest guide on SAR submissions

The Paypers

The UK’s Financial Intelligence Unit (UKFIU) has published its guide on how suspicious activity report (SAR) intelligence is being used by law enforcement, aiming to demonstrate SAR filing best practices.

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