Payments | AMLP Forum

The Guardian: UK banks urged to strengthen anti-fraud controls as international payment scams surge and new sophisticated tactics emerge

by Jyotsna Bucktowar | May 31, 2025

While recent regulations requiring refunds for domestic APP fraud victims have helped reduce the number of cases, the total financial losses remain high as scammers target fewer victims but extract larger sums, particularly through overseas transfers that fall outside...

Finextra: Revolut faces €3.5m by Lithuania’s Central Bank for AML failings highlighting new focus on strengthening transaction monitoring controls and compliance frameworks

by Jyotsna Bucktowar | Apr 9, 2025

The penalty marks the largest fine ever imposed on the financial technology company and serves as a reminder of the importance of robust AML frameworks, especially for companies operating across borders. This is particularly significant as Revolut had previously been...

UK Govt to abolish the Payment Systems Regulator, shifting its oversight to the FCA to streamline financial oversight, reduce regulatory burdens, and enhance payments efficiency

by Jyotsna Bucktowar | Mar 11, 2025

The move signals a shift in regulatory oversight for payment systems, impacting firms handling Faster Payments and Mastercard transactions…

Electronic Payment International warns that instant payments create gaps in AML and sanctions screening – banks must adopt real-time monitoring and strengthen risk controls

by Jyotsna Bucktowar | Mar 1, 2025

As payment technologies evolve, financial institutions face mounting pressure to adapt their compliance systems to handle faster transactions, including those processed in real-time. Marshall highlights how these advancements, such as instant payments and digital...

PSR Strategy Update outlines measures to enhance payment security with a strong emphasis on fraud prevention, innovation and consumer protection

by Jyotsna Bucktowar | Jan 17, 2025

Key initiatives include reinforcing APP fraud reimbursement, improving Faster Payments oversight, and expanding open banking capabilities to drive innovation while mitigating financial crime risks.

« Older Entries

The Guardian: UK banks urged to strengthen anti-fraud controls as international payment scams surge and new sophisticated tactics emerge

Finextra: Revolut faces €3.5m by Lithuania’s Central Bank for AML failings highlighting new focus on strengthening transaction monitoring controls and compliance frameworks

UK Govt to abolish the Payment Systems Regulator, shifting its oversight to the FCA to streamline financial oversight, reduce regulatory burdens, and enhance payments efficiency

Electronic Payment International warns that instant payments create gaps in AML and sanctions screening – banks must adopt real-time monitoring and strengthen risk controls

PSR Strategy Update outlines measures to enhance payment security with a strong emphasis on fraud prevention, innovation and consumer protection

Recent Posts

Recent Comments

Archives

Categories

Meta