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Philippines has planned to block the Binance exchange by June 2024, giving time for investors to close their positions held via the exchange.
cryptocurrency exchange, regulation, AML, compliance, trading platform
Louis Wapler and Euan Jones from Edgar, Dunn & Company offer insights related to the power of recurring payments in the context of B2B subscription commerce.
cross-border payments, ecommerce, B2B payments, recurring payments, accounts receivable, fintech, ERP
Sweden-based payments group Klarna has received a USD 733,000 fine for failing to adhere to the EU's General Data Protection Regulation (GDPR).
GDPR, online payments, regulation, compliance
The Consumer Financial Protection Bureau has finalised a rule that bans excessive credit card late fees, lowering typical fees from USD 32 to USD 8.
regulation, credit card, credit card fraud, payments , online payments, ecommerce, banking
The Financial Intelligence Unit (FIU) from India has announced that it imposed a monetary penalty of approximately USD 662,565 on Paytm Payments Bank.
regulation, AML, money laundering, banking, digital banking
Nigerian authorities have called for a USD 10 billion penalty against Binance, as the platform caused financial losses within the country by manipulating exchange rates.
regulation, cryptocurrency, cryptocurrency exchange, crypto, crypto asset, digital assets
Cryptocurrency exchange Binance has received approval from a US judge to pay USD 4.3 billion for violating anti-money laundering (AML) and sanctions laws.
AML, cryptocurrency, cryptocurrency exchange, regulation, KYC
US-based online payments gateway service provider PayPal has registered with the Financial Intelligence Unit – India under Anti-Money Laundering law.
regulation, AML, payments , online payments, mobile payments, digital payments, ecommerce
Canada-based TD Bank has received a significant monetary penalty for faulty anti-money laundering controls after an examination by the financial crime institutions.
penalty, money laundering, financial crime, financial sanctions, financial institutions
The Google Play Store in India has removed the Binance and OKX cryptocurrency exchange apps following a noncompliance notice issued by the government.
compliance, cryptocurrency exchange, cryptocurrency, regulation
US-based payment network Affirm has announced an exclusive collaboration with vacation rental hospitality company Evolve.
travel payments, partnership, financial services, fintech
The Commodity Futures Trading Commission (CFTC) has urged policymakers to prioritise the identification of individuals involved in DeFi.
DeFi, digital identity, regulation, cryptocurrency
Global authorities have issued fines totalling USD 5.8 billion to crypto and fintech groups in 2023 in an effort to tackle illicit money flows.
cryptocurrency, fintech, regulation, compliance, AML
The CJEU has issued a new set of rulings in order to simplify the manner in which data protection supervisory authorities of the EU member states sanction legal entities.
regulation, banking, online banking, digital banking, mobile banking, financial services, financial institutions
Central Bank of Brazil has published rules for the operation of the Pix Automatic and new rules of its value limits, with additional ones planned for early 2024.
product launch, product upgrade, banking, online banking, digital banking, mobile banking, financial services, financial institutions
The US Securities and Exchange Commission has charged crypto exchange Kraken with operating as an unregistered securities exchange.
cryptocurrency, regulation, compliance, cryptocurrency exchange
Cryptocurrency exchange Binance has agreed to pay USD 4 billion to settle an investigation from the US Department of Justice.
AML, cryptocurrency exchange, compliance, regulation
The Financial Conduct Authority has announced the inclusion of the US-based Metro Bank to its financial crime watchlist, with plans to keep it under supervision.
regulation, compliance, fraud management, fraud detection, fraud prevention, financial crime
Visa has made changes to its dispute handling, giving SMEs more tools to fight first-party misuse, also known as friendly fraud, for card-not-present transactions.
friendly fraud, chargebacks, Card-not-present fraud, SMEs, merchants, fraud prevention
Dalbir Sahota, Sr. Director, Product Management at LexisNexis® Risk Solutions, reveals how technological solutions identify sanctioned banks before a payment is initiated to mitigate risk and reduce the costs associated with failed payments.
AML, fraud prevention, financial sanctions, financial institutions, risk management, LexisNexis