Publications and events

FATF guidance for a risk-based approach for innovative payments

The Financial Action Task Force on Fraud has just published their guidance for a Risk-Based Approach to Prepaid Cards, Mobile Payments and Internet-Based Payment Services. It describes the nature of these innovative payment systems and recognizes that they may play a significant role in the area of financial inclusion. The guidance on the risk-based approach for AML/CFT-regulation is non-binding and does not override the purview of national authorities. …

FATF guidance for a risk-based approach for innovative paymentsRead More »

FATF guidance for a risk-based approach for innovative payments Read More »

PayExpo 2013

PayExpo2013, 18 – 19 June 2013, ExCel London, UK

Thaer Sabri, the EMA Chief Executive set out developments in anti money laundering regulation set out in the FATF 40 and the revised EU Directive.

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Dutch consultation on draft Betting and Gaming Act (deadline: July 21, 2013)

Today the Dutch Ministry of Finance has published its consultation on changes in the Betting and Gaming Act (Betting and Gaming Act), the Betting and Gaming Tax Act (KSB) and some other acts concerning the regulation of remote games of chance. The Ministry also published an English version of the draft law (pdf) and an Explanatory memorandum (pdf). …

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Dutch consultation on draft Betting and Gaming Act (deadline: July 21, 2013) Read More »

EC Proposal for a Payment Account Directive

On May 8, the European Commission published a proposal for a Payment Account Directive. The origins of the proposal lie in the discontent that the Commission has with respect to the provision of information by banks to their customers and the reluctance of banks to facilitate switching between account. In addition the Commission wishes to ensure the availability of a bank account with basic features to all European citizens.

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EC Proposal for a Payment Account Directive Read More »

European Commission proposal for a Directive on network and information security (NIS)

The European Commission has yesterday published a proposal on a Directive for Network and Information Security (NIS) in Europe. This proposal requires Member States to set up Computer Emergency Response Teams (CERTs), and to adopt national NIS strategies and national NIS cooperation plans.

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European Commission proposal for a Directive on network and information security (NIS)Read More »

European Commission proposal for a Directive on network and information security (NIS) Read More »

EC Proposals for 4th Anti-Money Laundering Directive and Regulation on Funds Transfer Information

The European Commission has today adopted two proposals in the area of Anti-Money Laundering:

  1. A directive on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing
  2. A regulation on information accompanying transfers of funds.

The two proposals will have a considerable impact for the industry, given the changes in scope, definitions and the proposed elimination of the Simplified Due Diligence regime. …

EC Proposals for 4th Anti-Money Laundering Directive and Regulation on Funds Transfer InformationRead More »

EC Proposals for 4th Anti-Money Laundering Directive and Regulation on Funds Transfer Information Read More »

ECB publishes recommendations for security of internet payments

Yesterday, the European Central Bank published its recommendations for the security of Internet payments. These recommendations were developed by the European Forum on the Security of Retail Payments, SecuRe Pay. This Forum of regulators and supervisors was set up in 2011 as a voluntary cooperative initiative between authorities.

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ECB publishes recommendations for security of internet payments Read More »