Vixio LinkedIn Live: A Regulatory Roundup of April's Payments News

Our Vixio Live series is your monthly window into the complex world of compliance and regulations, where our experts use our Horizon Scanning tool to review the biggest regulatory changes that have happened during the previous month.In this episode, Vixio experts Luke Baker, Jimmie Franklin, and John Gidla, examine the regulatory updates across various regions in April 2024.In the UK, the FCA's controversial "name and shame" plans for companies under investigation have faced significant industry backlash due to concerns over reputational damage and potential business impacts. In Europe, key updates included the European Parliament’s stance on open finance regulations and the ongoing implementation of the Digital Operational Resilience Act (DORA) and Markets in Crypto-Assets Regulation (MiCA). The Middle East saw the DFSA's updated AML and sanctions regulations, while South Africa made strides in AML amendments and open banking consultations. In Asia, Singapore expanded its Payment Services Act and introduced new rules for crypto services, along with a customer information-sharing platform.