Related insights: Payment Services
How the FTX debacle triggered a wave of crypto fraud
05 Apr 2023
Fraudsters are treating the implosion of the crypto exchange and the declining value of several popular cryptocurrencies as a chance to target a whole new set of potential victims.
Every cloud… has a regulatory lining? Critical third parties and the financial services infrastructure
23 Aug 2022
Reducing the risks of systemic disruption to the financial regulators’ objectives has been published in a policy paper by HM Treasury. What are the proposed changes? Law firm WBD takes a look.
PSD2: what do we know about strong customer authentication?
20 Apr 2018
The revised Payment Services Directive (PSD2) had a number of stated objectives, including to address security concerns that emerged alongside the growth in increasingly technologically sophisticated payment systems and practices. Its remit therefore included providing a clear legal framework to enable the establishment of an accessible common technological means for users of a payment service to provide consent that can be acted upon by a payment services provider.
FCA publishes ambitious business plan
19 Apr 2017
FCA’s latest mission and business plan contain few surprises, but indicate a lot of work in diverse areas.
The Mission, which takes into account stakeholder views, seeks to explain to firms how and why FCA prioritises its focus to meet its statutory objectives. It stresses that it regulates to promote the public interest and with the aim of adding the most public value.
The Mission, which takes into account stakeholder views, seeks to explain to firms how and why FCA prioritises its focus to meet its statutory objectives. It stresses that it regulates to promote the public interest and with the aim of adding the most public value.
Money Laundering Regulations 2017: what do they mean for CDD?
24 Mar 2017
Suddenly there is a sense of urgency around the UK's implementation of the fourth Money Laundering Directive (MLD4). Following Treasury's initial consultation on how to implement MLD4 in September 2016, it has now published the feedback to that consultation and the draft Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the MLR 2017). Time is now running short, and the legislation must be in force by 26 June
‘Open Banking’ and HM Treasury’s PSD2 consultation
21 Mar 2017
A brave new world for third party providers is advancing in the payment services sector, while UK and EU regulatory initiatives strive to stay abreast and facilitate ongoing innovation. Brett Carr examines HM Treasury’s February consultation paper on the implementation of PSD2, along with Europe and the UK’s Open Banking initiatives.
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