The UK was among the first jurisdictions in the world to implement the crypto travel rule. Since September 2023, every virtual asset service provider (VASP) registered with the Financial Conduct Autho...

On 6 July 2026, the Financial Conduct Authority (FCA) published the Mills Review, its most substantial statement yet on what artificial intelligence will do to retail financial services. Four days ear...

The Financial Crimes Enforcement Network (FinCEN) published its analysis of suspected human smuggling finance in August 2026, drawing on 67,540 Bank Secrecy Act reports filed between January 2023 and ...

At a CMS webinar, presenters described PEPPER as an electronic report that displays Medicare payment statistics for target areas vulnerable to improper payments and said the FY2025 release includes a redesigned secure portal for downloading facility PEPPERs.

On 3 August 2026 the Financial Crimes Enforcement Network (FinCEN) imposed a civil money penalty of $125 million on UBS Financial Services Inc (UBSFS), the largest ever levied on a broker-dealer for v...

The Financial Action Task Force (FATF) settled the treatment of net settlement in June 2025. Where a net settlement results from payments carried out on behalf of customers, information about the underlying transactions need not accompany it. The requirements of Recommendation 16 (R16) continue to apply to those underlying transactions. The first half of that proposition is easy to read as a concession. The second half is where the work sits.On 24 June 2026 the FATF published the draft guidance

When the Financial Action Task Force (FATF) revised Recommendation 16 (R16) in June 2025, most of the commentary fixed on virtual assets. That focus misses the point. The revised standard, agreed at t...

For nearly three decades, the discipline that governs cross-border payments rested on a deceptively simple premise. Information about who was sending money and who was receiving it should accompany th...

The P3 representative said the authority has paid about $322,000,000 to the developer to date, including roughly $199,000,000 in Series A advance payments and additional interim and milestone payments.

When the Financial Action Task Force (FATF) extended its standards to virtual assets in 2019, the assumption was straightforward: bring exchanges inside the regulatory perimeter, and the perimeter wou...

On 13 June 2025, the Financial Action Task Force (FATF) and its European evaluation partner MONEYVAL held a Joint Plenary in Strasbourg. The session approved the most substantial revision of Recommend...

India's Unified Payments Interface (UPI) settles a payment in ten to fifteen seconds. The standard now shaping its journey abroad assumes the opposite: verified, structured data preserved at every ste...

The Senate Labor Committee advanced Senate File 1714, amended to require public agencies to provide payment information to subcontractors on request (within seven days). Supporters said the change balances transparency with agency capacity; some members said key invoice protections were removed.

The Business and Insurance Committee advanced a slate of bills ranging from payment‑processing rules and insurance oversight to licensing and consumer protections. Most measures passed by unanimous or near‑unanimous margins; several items drew little debate while others will require follow‑up language.

Health insurers must offer various payment methods to healthcare providers starting January 2020.

YouTube video by Universell SPS

When the Financial Action Task Force (FATF) finalised its revision of Recommendation 16 at the June 2025 Plenary in Strasbourg, the headline was the standard itself: the most significant overhaul of t...

When the Financial Action Task Force (FATF) adopted its revised Recommendation 16 (R16) in June 2025, it marked the most significant overhaul of international payment transparency standards since the ...

When the Financial Action Task Force (FATF) published its revised Recommendation 16 (R16) in June 2025, the headlines focused on expanded data requirements and the extension of travel rule obligations...

The sunrise problem is not new. Since the Financial Action Task Force (FATF) extended its travel rule to virtual asset service providers (VASPs) in 2019, the challenge of asymmetric implementation has...

When the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) came into force on 26 June 2017, they brought together two distinct regulatory obligations under a single statutory instrument. Part 4 of the MLRs transposed the EU Funds Transfer Regulation (EU) 2015/847 into UK law, establishing detailed requirements for the information that must accompany electronic transfers of funds. For most payment service providers (PSPs), the Wire Tran

On 18 June 2025, the Financial Action Task Force (FATF) adopted its revised Recommendation 16 (R16) at the Plenary in Strasbourg. The consultation process had drawn more than 300 responses from financ...

When OpusDatum published The UK’s Wire Transfer Regulation Framework: A System in Crisis in October 2025, it exposed what many practitioners already suspected: that the UK’s wire transfer regime was l...

The Wire Transfer Regulation (WTR) was designed to safeguard transparency in cross-border payments by requiring complete payer and payee information to accompany every transfer. Yet recent FCA data re...