europos has been selected to be part of the Lord Mayor of London’s technology delegation to Eastern Europe. We are excited to be flying the flag for UK RegTech in the Czech Republic and Poland from the 27-28th June. Central…
PEP Screening in Poland – What you need to know
Poland is set to become one of the most exciting FinTech hubs in Europe. Already it hosts rapidly expanding FinTech companies such as PayU and Blue Media who offer an alternative to traditional financial products in the payments and banking…
What does Brexit mean for UK RegTech?
Today, the UK triggers Article 50 of the Lisbon Treaty formally starting the two year process of exiting the European Union. Despite months of debate there is little clarification of what this will mean for the UK financial sector and…
NYS DFS Part 504 Breakdown and Analysis
On January 1st 2017 New York State’s Department of Financial Services (DFS) Part 504 went live. This rule provides a clarification on how OFAC and other lists are screened and how transactions are monitored. The impacts of this rule may…
Remittance Firms – How Not to Fall Foul of De-risking
Today, the trend of de-risking by banks still remains one of the greatest threats to the remittance industry. Not only does it put these businesses out of practice, it also deprives people who have limited access to the formal banking…
Artificial Intelligence will drive the future of FinTech
The potential applications of Artificial Intelligence (AI) in banking was the hottest topic at FinTech Connect Live last week. From transforming wealth management to enhancing customer service, financial institutions seem to be waking up to the reality that AI will…
Key takeaways from the ACAMs UK Chapter meeting
New AML & Tax lists proposed On July 5, the European Commission (EC) outlined a proposal for key revisions to the Fourth Anti-Money Laundering Directive (4AMLD). These aim to further reinforce the European Union’s rules on anti-money laundering (AML), counter-terrorist…
WORKING IN PAYMENTS? Here’s what you need to know to stay compliant with MLD4 (Part 2)
(Part 2 of 2) The EU’s Fourth Money Laundering Directive (MLD4) will be implemented in the UK by the end of this month and in the rest of the EU by the end of the year. On Monday we started…
WORKING IN PAYMENTS? Here’s what you need to know to stay compliant with MLD4
(Part 1 of 2) First introduced in 1991, the EU’s Money Laundering Directives aim to prevent money laundering and other financial crimes such as terrorist financing. The Fourth Money Laundering Directive (MLD4) was passed in 2015 and all EU states…
Is HSBC Stopping Terrorist Money Laundering? Whistleblower Urges Federal Reserve to Reopen $1.9 billion Settlement
In 2012, HSBC paid a record $1.9 billion fine to settle money-laundering accusations. Yet in a letter to the Federal Reserve, which he publicised this September, ex-employee Everett Stern (among a number of other weighty allegations) accused HSBC of ongoing…
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