Adam Parkinson

3 weeks ago | vixio.com | Adam Parkinson

The UK’s financial services regulator, the Financial Conduct Authority (FCA) has launched a new five-year strategy for regulatory oversight, intended to improve trust in the country’s financial services sector, create the right environment for growth, and address the growing threat of financial crime.

3 weeks ago | vixio.com | Adam Parkinson

A new report from the UK’s National Crime Agency (NCA) that outlines the breadth and impact of serious and organised crimes (SOC) in the country should prompt payments firms to consider the systems and protections they have in place. The NCA’s National Strategic Assessment of Serious and Organised Crime 2025 looks at the prevalence of a range of serious offences in the UK.

1 month ago | vixio.com | Adam Parkinson

Following its most recent plenary session, held in Paris from February 19-21, 2025, the Financial Action Task Force (FATF) has updated its list of jurisdictions under increased monitoring. It added Laos and Nepal to the so-called “grey list”, but removed the Philippines after an evaluation revealed it had made notable progress in combating financial crime.

2 months ago | vixio.com | Adam Parkinson

At the end of January 2025, Papua New Guinea became the latest Asian country to move towards implementing a central bank digital currency (CBDC), less than a week after new US President Donald Trump issued an executive order prohibiting the US government from issuing a CBDC. At the end of January 2025, Papua New Guinea became the latest Asian country to move towards implementing a central bank digital currency (CBDC).

2 months ago | vixio.com | Adam Parkinson

The US Consumer Financial Protection Bureau (CFPB) has asked industry stakeholders to provide feedback on strengthening measures to prevent "harmful surveillance" in digital payments, particularly those offered through big tech platforms. The financial watchdog is aiming to better apply existing laws to emerging payment technologies, as well as to address growing concerns about excessive data collection and personalised pricing.