Last week the FCA published an interim-report on mobile banking and payments. This interim report outlines the views and roadmap of the FCA on the risks in mobile banking. Next up is a phase of work which involves a more detailed assessment of a sample of providers of mobile banking. …
FCA: thematic review on mobile banking and paymentsRead More »
FCA: thematic review on mobile banking and payments Read More »
The Financial Conduct Authority (FCA) published its first Annual report on Anti-Money Laundering (AML) on July the 25th. This report sets out the obligations relating to anti-money laundering, and the FCA’s approach to firms’ compliance with these obligations. It also lists the trends and emerging risks in money laundering that the FCA sees in the firms it regulates.
…
FCA publishes anti-money laundering annual report 2012/13Read More »
FCA publishes anti-money laundering annual report 2012/13 Read More »
On 24 July 2013, the Commission adopted a legislative package which proposes a revised Payments Services Directive (PSD2) and a Regulation on Multilateral Interchange Fees (MIFs). The changes in the Payment Services Directive include a.o. changes in scope, the addition of a new type of institution (Third Party Payment Services Processor) and further rules as to transaction authentication. The Regulation on MIFs seeks to cap the interchange fees for card payments to 0,3 and 0,2 % for international credit- and debit-transactions. Over time these limits would also apply to domestic transactions. …
EU Commission proposals for revised Payment Services Directive and MIF-regulationRead More »
EU Commission proposals for revised Payment Services Directive and MIF-regulation Read More »
On the 22th of May, the Dutch Ministry of Justice started a 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 Electronic Money Association responded to this consultation and stressed that the proposed rules should not distinguish between payments accounts of credit institutions, payment institutions or e-money issuers. …
EMA response: draft Dutch Betting and Gaming Act Read More »
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 »
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.
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). …
Dutch consultation on draft Betting and Gaming Act (deadline: July 21, 2013)Read More »
Dutch consultation on draft Betting and Gaming Act (deadline: July 21, 2013) Read More »
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.
…
EC Proposal for a Payment Account Directive Read More »
CEE Cards Market 2013, 24 – 25 April 2013, Athenee Palace Hilton Bucharest Hotel, Bucharest, Romania
Thaer Sabri, the EMA Chief Executive presented on EU payment services regulation.
CEE Cards Market 2013 Read More »
Prepaid Expo Europe 2013, 17 – 18 April 2013, Park Plaza Victoria, London, UK
Thaer Sabri, the EMA Chief Executive provided an overview of EU payments regulation.
Prepaid Expo Europe 2013 Read More »
