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Sarah Beth Felix, CEO at Palmera Consulting: Fintechs must prioritise AML/sanctions compliance, while banks need to assess exploitation risks in their fintech partners' offerings for effective risk management in BaaS partnerships.
AML, regulation, compliance, fintech, financial institutions, banks, risk management
The European Union has agreed on the 13th package of sanctions against the Russian Federation following two years of aggression in Ukraine.
financial sanctions, fraud prevention, regulation, compliance
The Financial Action Task Force (FATF) has announced that it has dropped the UAE from its grey list regarding concerns about financial crime and money laundering.
AML, financial crime, terrorism, regulation, cryptocurrency, cryptocurrency exchange, funding, money laundering
Spain has pushed ahead with its plan to impose windfall taxes on banks and energy companies as lawmakers approved the move despite the concerns of international institutions.
banks, regulation, financial services, financial institutions
A representative of Russia’s Ministry of Finance has stated the country is seeking a non-restrictive policy for using Bitcoin and crypto in international trade.
cryptocurrency, digital assets, cross-border payments, Bitcoin
Isbank and Denizbank, two Turkey-based lenders, have suspended the use of Russian payments system Mir to banks, following US crackdown.
banks, payments , Russia Ukraine War, regulation, transactions
The Central Bank of Egypt has entered negotiations to join Russia’s Mir card payments system in a bid to improve Russian tourism in Egypt as well as trade ties between the two countries.
online payments, cross-border payments, payment processing, payment processor, central bank
The Bank of Russia, the country’s central bank, has admitted that cross-border payments in crypto are inevitable in the current geopolitical conditions.
banks, cryptocurrency, cross-border payments, central bank, regulation
The Central Bank of Iran has entered negotiations to join Russia’s Mir card payment system in order to improve regional trade and bypass US sanctions.
online payments, payment processing, payments , payment processor
Iran’s association of importers has stressed the need for a regulatory framework for crypto now that the Iranian government has recently used crypto to pay for imports.
regulation, cryptocurrency, blockchain, cross-border payments
Five Turkish banks have adopted Russia’s Mir payments system, Turkey’s President Recep Tayyip Erdogan said after talks with President Vladimir Putin.
banks, payments , Russia Ukraine War, partnership, e-wallet
Indian banks have been suspected of wanting join hands with Russian banks that are not under Western sanctions to facilitate bilateral payments.
partnership, banks, financial sanctions, regulation, payments
Russia’s Rostec Group, a government organization, has developed a blockchain platform to launch a digital system for international payments capable of replacing the global SWIFT system.
payment processing, cross-border payments, SWIFT, DLT
Anda tackles the M&As and investments from Q4 2021 to Q1 2022, focusing on challenges and opportunities and what should businesses consider when looking to acquire capital or companies.
payment processing, account-to-account payment, Unicorn, BNPL, acquisition, online payments, payments
Eli Shoshani, Head of APAC at Bottomline, shares his predictions for the future of alternative payments networks.
Bottomline Technologies, Russia Ukraine War, financial sanctions, banks, online payments
‘Bitcoin was, very simply, a new way of creating, holding, and sending money.
stablecoin, cryptocurrency, DeFi, tokenization, Bitcoin, payment methods
China-based ecommerce company Shein has been in talks to raise USD 1 billion.
startup, ecommerce, retail, funding, online shopping
Dr. Leo Lipis, Chief Executive of Lipis Advisors, offers a lucid account of the ways in which the EU and US must pay attention to the loopholes the Russian banks can use to bypass some of the economic sanctions, now that it’s more important than ever for them to take effect in discouraging the military campaign.
Russia Ukraine War, financial sanctions, online banking, SWIFT, Visa, MasterCard
The Paypers has compiled thorough research on the financial sanctions imposed on the Russian Federation in the last two weeks. We aimed to help create a clearer picture of the complex economic machinations that the global payments, banking, and ecommerce ecosystems are faced with
Russia Ukraine War, European Commission, Visa, MasterCard, American Express, central bank, financial sanctions
Money 20/20 has done it again – it has gathered payment enthusiasts from all over the world (with attendees coming from 76 countries) to speak about payments, financial services, and techs that make the world work faster, be more transparent and inclusive.
Bitcoin, NFT, DeFi, blockchain, tokenization, CBDC