Payment Service Providers
Track AML/CFT developments affecting payment service providers, money services businesses, remittance companies, electronic money institutions, payment processors, merchant acquirers and digital wallet operators. Coverage includes customer verification, cross-border transfers, agent oversight, transaction monitoring and suspicious activity reporting.
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Turkey Revokes Papel Electronic Money Licence Amid Ongoing Money-Laundering Case
Turkey’s central bank has revoked the operating licence of Papel Elektronik Para ve Ödeme Hizmetleri A.Ş., an electronic-money and payment-services company that is also the…
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FCA Opens AML Investigation into Euro Exchange Securities UK
The UK Financial Conduct Authority has opened an investigation into Euro Exchange Securities UK Ltd (EES) over potential offences under the Money Laundering, Terrorist Financing…
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BSP Calls on Financial Institutions to Support Philippines’ 2027 FATF Mutual Evaluation
The Bangko Sentral ng Pilipinas (BSP) has called on banks and other BSP-supervised financial institutions to support preparations for the Philippines’ next anti-money laundering and…
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Nigeria FIU Moves to Build Public-Private Financial Intelligence Sharing Framework
Nigeria’s Financial Intelligence Unit is developing a Joint Financial Intelligence Collaboration framework to improve public-private information sharing across banks, fintechs, insurers, VASPs and regulators.
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Bank of Thailand Launches Sector-Wide Framework to Block Illicit Financial Transactions
Thailand’s central bank and 11 financial-sector associations have launched a cooperation framework focused on preventing illicit transactions, strengthening information sharing and improving financial-crime controls.
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ACAMS Northern California Event to Examine Emerging Payments, AML Threats and AI
The ACAMS Northern California Chapter will hold its 14th Annual Emerging Payments & Technologies event on September 10, 2026, in Foster City, California, bringing together…
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Ireland Payment Fraud Value Rises 27% to €179 Million in 2025, Central Bank Data Shows
The Central Bank of Ireland said the value of fraudulent payments reported by Irish-resident payment service providers rose 27.2% in 2025 to €179.04 million, from…
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New Hampshire Man Indicted Over $25 Million Hawala Operation
A New Hampshire man has been indicted on a federal charge of operating an unlicensed money transmitting business after prosecutors alleged that he used a…
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XTransfer Secures In-Principle Approval for UAE Retail Payment Services Licence
XTransfer announced on 3 September 2026 that it has received in-principle approval from the Central Bank of the UAE for a Retail Payment Services Licence,…
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FinCEN Reissues Southwest Border GTO for $1,000–$10,000 Cash Transactions at Money Services Businesses
The U.S. Financial Crimes Enforcement Network (FinCEN) on September 2, 2026 reissued a Geographic Targeting Order (GTO) requiring certain money services businesses along the U.S.…
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