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The European Commission takes Luxembourg to court over AML failings
The European Commission has taken Luxembourg to court, asking the European Court of Justice (ECJ) to impose penalties, on a...
US leads UK in 3DS2 use for payment authentication
The US is beating the UK in the rollout of the 3D Secure 2 (3DS2) multi-factor authentication protocol, new data...
RS2 receives e-money license from the German Federal Financial Supervisory Authority
RS2, the global payments processing and technology provider, has announced that its German subsidiary RS2 Financial Services GmbH has been...
Prepaid Financial Services in regulatory hot water…again
Prepaid Financial Services is in the regulators sights again just two months after being named and fined for a cartel...
Diem drops Swiss license and heads to US for stablecoin trial
Facebooks cryptocurrency Diem has been forced to abandon plans to gain a license in Switzerland via its financial regulator FINMA...
KYC and the rise of cryptocurrency payments
What a difference a year makes. Just 18 months ago, leading global bankers were describing cryptocurrencies as “a worse [bubble]...
How to ramp up Europe’s fight against money laundering
Money laundering is about much more than white-collar crime. It is a process which fuels the activities of criminal gangs...
De Roos & Pen sends notice to Dutch bank for financial malpractice
In another startling case of financial malpractice unearthed in a Dutch-registered bank headquartered in the Netherlands owned by a Turkish...