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…
europos wins RemTech Award
europos is proud to announce that it has won the award for Most Innovative Compliance Service at the inaugural RemTech awards. The awards were held at the Global Forum on Remittances, Investment and Development, GFRID2017 they were organized by the…
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…
MSB bank accounts: the global retrenchment
How can a money service business acquire a bank account? There is a wide-spread de-risking currently occurring amongst banks. In this article, we assess the range of phenomena that are occurring around the world, including how relevant regulators have responded…
Effective Methods of Counter-Terrorist Financing
In a 9,000 word PhD chapter length article in the New Yorker, Mattathias Schwartz raises some interesting points.
Fincen: Sanity Required Over Wholesale Termination of MSB Accounts
Fincen yesterday issued a statement regarding the extent to which banks should terminate the accounts of MSB’s. The statement declared: MSBs play an important role in a transparent financial system, particularly because they often provide financial services to people less…
“Cutting Off Customers Can Backfire”
According to the Wall Street Journal, HSBC recently stated that it has “closed accounts in certain segments,”. According to the WSJ, Mr. Werner, speaking at a New York State Society of Certified Public Accountants event said that “We’ve done it because we have shareholders and…