Aussie banking giant Westpac was accused of violating anti-money laundering (AML) laws 23 million times, Reuters reported on Tuesday (Nov. 19). The country’s financial crime watchdog Australian Transaction Reports and Analysis Center (AUSTRAC) said Westpac ignored warning signs and allowed payments from convicted child sex...
Tensions are running high in the U.K. corporate auditing arena. Amid calls to break up the so-called Big Four auditors – PricewaterhouseCoopers, Deloitte, EY and KPMG – experts have raised concerns over why these players were unable to detect and prevent several high-profile corporate collapses...
September approaches, of course (as it always does) – but this time, with a red-letter day on the 13th as PSD2 takes effect. As readers of these digital pages know, the European Union directive mandates that bank customers can use third-party providers for financial services. The...
The latest global FinTech collaboration ties together Singapore and Dubai in a deal designed to encourage innovation in digital payments, online and mobile commerce, and related areas. According to a recent statement, the Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS)...
February 07, 2019
September approaches, of course (as it always does) – but this time, with a red-letter day on the 13th as PSD2 takes effect. As readers of these digital pages know, the European Union directive mandates that bank customers can use third-party providers for financial services. The latest PSD2 Tracker, via joint efforts of PYMNTS and Whitepages […]
November 20, 2019
Aussie banking giant Westpac was accused of violating anti-money laundering (AML) laws 23 million times, Reuters reported on Tuesday (Nov. 19). The country’s financial crime watchdog Australian Transaction Reports and Analysis Center (AUSTRAC) said Westpac ignored warning signs and allowed payments from convicted child sex offenders and from countries known as being high risk. The […]
August 03, 2018
Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according...
July 13, 2018
U.S. Representative Patrick McHenry thinks it’s time for the GOP to move on from its mission to kill the Dodd-Frank Act. McHenry, a front-runner to become the next chairman of...
May 09, 2018
The White House is stretching out the tenure of Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, by taking its time in nominating a permanent replacement, according...
