Latest Regulation & Compliance News: Finextra Research

Wells Fargo says US investigating Zelle complaint handling

Wells Fargo has joined JP Morgan in revealing that US authorities are investigating the handling of complaints about P2P payments service Zelle.

06 May 2024

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FCA boss invited to UK parliament to address 'naming and shaming' plans

The head of the Financial Conduct Authority (FCA) has been summoned to parliament to explain why work on the regulator's 'naming and shaming' proposal has not been halted.

03 May 2024

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Payments processor BlueSnap reaches $10m settlement with FTC

BlueSnap and its former CEO have settled with the Federal trade Commission (FTC) for knowingly processing payments for "deceptive and fraudulent" companies.

02 May 2024

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Digital Token Identifier to monitor crypto-derivative risk across G20

The Digital Token Identifier Foundation (DTIF) has announced that its Digital Token Identifier (DTI) will be deployed for the regulatory reporting of digital asset derivative trades across the G20.

02 May 2024

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Blockchain researchers use AI to spot Bitcoin money laundering

Researchers from Elliptic, IBM Watson and MIT have used AI to detect money laundering on the Bitcoin blockchain.

02 May 2024

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EBAday 2024: What are the immersive trends in payments technology?

Artificial intelligence (AI) and cloud computing are rapidly changing the way payments services providers (PSPs) operate.

01 May 2024

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BofE warns payment firms to be ready for new operational resilience rules

Payment firms have been warned by the Bank of England that they need to step up their preparations for new 'operational resilience' standards that will come in next year.

01 May 2024

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Lunar raises EUR24.1m

Denmark-based digital challenger bank Lunar has raised EUR24.1 million as it bolsters its capital position for a push across the Nordics.

01 May 2024

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Binance founder Changpeng Zhao gets four month prison term

The founder of crypto exchange Binance, Changpeng "CZ" Zhao, has been sentenced to four months in prison in the US after pleading guilty to violating anti-money laundering requirements.

30 April 2024

/regulation

MAS lifts six-month IT ban on DBS

Singapore's central bank has lifted restrictions on non-essential IT services imposed on DBS Bank in the wake of a series of disruptive outages that hit the bank's payments and ATM services last year.

30 April 2024

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NextGen Nordics 2024: A closer look at Confirmation of Payee

Moderating her last panel of the day, Finextra’s head of content Madhvi Mavadiya discussed Confirmation of Payee (COP) with Christina Fransson, senior payment product specialist of FIS in EMEA, Greg Huguet, European regional director at iPiD, Paulina Kudlacik, Confirmation of Payee scheme manager at the Nordic Payments Council, and Richard Ross, global payment market infrastructure expert at Swift.

26 April 2024

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EU expands AML regulation impacting cryptocurrency compliance

The European Parliament has voted to adopt a package of laws to strengthen the EU’s AML and terrorist financing toolkit, with a particular impact on the cryptocurrency industry.

26 April 2024

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