The Payments Association

MAY 9, 2025

As financial crime evolves, correspondent banks must prioritise wire transfer transparency to meet global regulations and safeguard the financial system. In the UK, following Brexit, the Money Laundering & Terrorist Financing (Amendment) (No. Recent enforcement actions & typologies Regulators are beginning to act.

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Correspondent Bank Correspondent ISO 20022 Wire Transfer 88

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.

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Money Laundering Consulting Finance Travel Rule 52

PYMNTS

NOVEMBER 15, 2019

government is going to strictly oversee the implementation of rules that would force crypto exchanges, marketplaces and digital wallets to identify their customers when they do transactions over a certain monetary threshold, according to a report by Reuters. The amount of money laundering crime may exceed $4.3 15) that the U.S.

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Rules AML Travel Rule Fincen 50

Fintech News

DECEMBER 12, 2024

The partnership includes successful integration with the Travel Rule compliance solution, ensuring adherence to South Koreas regulatory standards for crypto transactions. This milestone ensures that BYDFi fully complies with South Koreas latest AML regulations, marking significant progress in our global compliance strategy.

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Travel Rule Compliance AML Money Laundering 52

PYMNTS

OCTOBER 28, 2020

In today’s top news in digital-first banking, Oracle is introducing new cloud offerings to provide smaller banks with the tools to combat large-scale money laundering schemes, while the Automated Clearing House saw a sizable increase in acidity in Q3. Oracle Launches New Cybersecurity, AML Apps for Smaller Banks.

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ACH Cybersecurity Fincen Travel Rule 40

PYMNTS

SEPTEMBER 24, 2019

The ICE contract does have some blessing from regulators, having been given the go-ahead by the Commodity Futures Trading Commission over storing the bitcoin tokens. We have to get to a place where we can be confident that trading is better regulated.”. In other crypto exchange news, Binance U.S., which operates as the U.S.

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Bitcoin Travel Rule Cryptocurrency Money Laundering 72

Neopay

JANUARY 25, 2024

The European Banking Authority (EBA) on 16th January extended its Guidelines on money laundering (ML) and terrorist financing (TF) risk factors to crypto-asset service providers (CASPs).

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Fintech News

JANUARY 24, 2024

On January 14, 2019, the Singapore Parliament passed its comprehensive Payment Services Act (PS Act), replacing the former Payment Systems Oversight Act and Money-Changing and Remittance Businesses Act to broaden the scope of regulated payment activities to include emerging trends and industries like digital assets and cryptocurrencies.

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Neopay

MAY 7, 2024

Here are the main updates proposed by the FCA and their implications for regulated firms: Sanctions: enhancing control and compliance In response to geopolitical events such as Russia’s invasion of Ukraine, the FCA is proposing more rigorous controls and checks concerning sanctions.

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52

Global Fintech & Digital Assets

JANUARY 8, 2024

Background The Consultation Paper follows the discussion paper released by the HKMA in January 2022 (Discussion Paper) seeking the public’s views on its proposed approach to the regulation of stablecoins (see Latham’s blog post ), and its conclusions issued in January 2023 (Discussion Conclusions). FRS issuers would be regulated and licensed.

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Stablecoins Consulting Issuers Non-Bank 59