Does My Business Need to Register Under Canada’s RPAA?
Businesses that perform certain retail payment activities in Canada, or provide payment services to customers in Canada, may need to register with the Bank of Canada under [...]
Are you meeting audit expectations? [infographic]
Many e-money and payments firms still aren’t carrying out the audits expected by regulators. That puts them at risk — not just of non-compliance, but of [...]
Why Risk Assessments Fail in Practice
Most regulated firms understand the importance of risk assessments. Business-Wide Risk Assessments (BWRAs) and Customer Risk Assessments (CRAs) are well-established parts of a firm’s financial crime [...]
Bank of Canada reminds PSPs of RPAA reporting obligations
The Bank of Canada has issued a reminder to all payment service providers (PSPs) registered under [...]
Why AML Frameworks Fail in Practice: Common Weaknesses Highlighted by FinCEN
Recent proposals and commentary from the Financial Crimes Enforcement Network (FinCEN) have highlighted several areas where [...]
Beyond the Fine: What Really Happens When AML Goes Wrong
AML fines often dominate headlines, with regulators across the globe issuing increasingly large penalties for failures [...]
FinCEN Year in Review FY2025
The Financial Crimes Enforcement Network (FinCEN) has released its Fiscal Year 2025 Year in Review, summarizing [...]
FinCEN’s Proposed AML Reform: Shifting from Paperwork to Real-World Effectiveness
The Financial Crimes Enforcement Network (FinCEN) has proposed a rule that may significantly change how financial [...]
What It Really Takes to Launch a Card or E-Wallet Program: An Interview with Reiner Vanooteghem
Launching a card or e-wallet program offers significant opportunities, but many fintechs underestimate the complexity involved. [...]