Insights

The government is aiming to improve the effectiveness of the country’s anti-money laundering (AML) regulations by closing loopholes, addressing proportionality concerns and tackling the threat of illicit activity in the crypto-asset sector.

The Bank of Thailand (BoT) is responding to the rapid growth of mobile and QR transactions by consulting on minimum standards for onboarding, monitoring and incident response in the digital payments sector.

On June 19, 2025, the UK passed the Data (Use and Access) Act (DUAA). The legislation is intended to create a flexible, business-friendly framework for data sharing, instilling a smart data culture in the UK while supporting the transition from open banking to open finance and maintaining consumer protection.

This report is the last installment in a four-part series analyzing the RPAA and identifying key components of the law that PSPs should consider when doing business in Canada. Previous reports have discussed safeguarding, risk management, and registration requirements. This report helps PSPs make sense of the requirements regarding mandatory reporting and recordkeeping.

As the Australian Securities and Exchange Commission (ASIC) simplifies guidance and legislative instruments, financial institutions can expect clearer compliance requirements and greater opportunities to innovate.

Australia’s financial intelligence regulator has fined the neobank for failing to report international funds transfers on time, the second time this year that it has been penalised for anti-money laundering (AML) breaches.

In bringing virtual asset service providers (VASPs) under its anti-money laundering and counter-terrorism financing (AML/CTF) framework, Australia aims to align with global standards and simplify financial regulation.

The rulings confirm that account servicing payment providers (ASPSPs) can impose conditions on enhanced payment information and clarify the rules on corporate proxy matrices and API key use in strong customer authentication (SCA).

Dutch merchants are interested in an offline digital euro as long as it is not expensive, but know little about the currency, a survey by De Nederlandsche Bank (DNB) has found.

On July 1, 2025, Sweden changed its approach to regulating the payments ecosystem by repealing the light-touch registration exemptions for registered payment service providers (PSPs) and registered electronic money issuers (EMIs) under the Payment Services Act (2010:751) and the Electronic Money Act (2011:755). Under the new framework, most operators, except those offering only account information services, will require full licensing by the Swedish Financial Supervisory Authority (Finansinspektionen — FI).