As noted by the Conference of State Bank Supervisors (CSBS), state regulators earlier this month released the inaugural Money Services Business Industry Report, which featured transaction data tied to 2017 and focused on licensed money transmission and payments. Get the Full Story Complete the form...
One Washington Representative said that the Trump administration plans to take on cannabis regulation reform after the midterm elections. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
The People’s Bank of China has announced new anti-money laundering (AML) and counter-terrorism financing regulations for online financial institutions (FIs). According to Reuters, the new rules — which take effect on Jan. 1 — order institutions to set up internal control mechanisms for preventing money...
A U.S. Treasury-led interagency committee is now requiring foreign investors involved in deals that could give them access to critical technology to submit to national security reviews. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The collision of geopolitics and banking continues in headlines tied to sanctions, the SWIFT payment system, SWIFT’s connection to Iranian banks and controversies continuing over state sponsorship of terrorism. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
WhatsApp, Facebook’s messaging app that is trying to make inroads in the digital payments market in India, has created a system to store payment data locally in India. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The European Union’s (EU’s) banking supervisor wants to know more about how Denmark’s financial watchdog supervised Danske Bank, which is being investigated by the U.S. Department of Justice (DOJ) over alleged money laundering. Get the Full Story Complete the form to unlock this article and...
The impact of Europe’s General Data Protection Regulation (GDPR) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Get the...
The Commodity Futures Trading Commission (CFTC) reported an increase in enforcement actions in the last fiscal year, partly due to a rise in cryptocurrency cases and spoofing schemes. According to The Wall Street Journal, the federal derivatives-market regulator also handed out around $900 million in...
