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.
Publications and events
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). …
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 »
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 »
CEE Cards Market 2013
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
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 »
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:
- A directive on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing
- 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. …
4th Annual World Cards and Payments Summit 2013
19 – 20 February 2013, Dubai UAE
Thaer Sabri, the EMA Chief Executive participated as Chairman.
The Summit was highly significant for cards and payments specialists and it brought together over 150 global leaders from payment sector across banks, mobile Operators, merchants, retailers, vendors, payment processors, consultants and regulators.
4th Annual World Cards and Payments Summit 2013 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 paymentsRead More »
ECB publishes recommendations for security of internet payments Read More »
ECB consultation on security requirements for payment account access services (deadline: April 12, 2013)
Yesterday, the European Central Bank released a draft version of the Recommendations for payment account access services for public consultation. These recommendations were developed by the European Forum on the Security of Retail Payments, SecuRe Pay (the “Forum”). In the Forum all the EU supervisors work together with the aim to foster the establishment of a harmonised EU/EEA-wide minimum level of security.
The draft report lists a number of Recommendations which seek to ensure that the Third Party Providers of Payment Account Access Services and the involved Governance Authorities (scheme owners) meet the following requirements: …