In the first sentencing of a crypto founder for a marketing fraud, prosecutors said Randall Crater defrauded investors of more than $7.5mn.
February 4, 2023New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.
January 20, 2023The FTC says Mastercard used its control over its “tokenisation” process to block the use of competing payment card networks.
January 4, 2023The first paper calls for effective regulation to gain payments-related benefits. The second highlights concentration risks applicable to stablecoins and their holders.
December 27, 2022Participants include BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, US Bank, Wells Fargo, SETL, Digital Asset, AWS, SWIFT, Sullivan & Cromwell, and Deloitte.
November 17, 2022The CBSL said it is not in a position to consider Russia's request to operate the Mir card scheme in Sri Lanka, due to US sanctions.
October 24, 2022The FTC is investigating whether the security technology used by Visa and Mastercard raises the likelihood that payments over different networks will be rejected.
October 18, 2022The restrictions imposed on Diners Club and Mastercard for violations of India's data storage rules have also already been lifted.
August 26, 2022This panel will discuss the measures financial institutions are taking to better manage customer risk through KYC, monitoring and screening processes.
July 26, 2022Experts say crypto firms have a responsibility and moral obligation to have anti-fraud controls in place, and that this will help create trust in the industry.
July 21, 2022