'NameCheck' will provide customers an indication of whether the name and account details they have entered in money transfers are correct.
February 6, 2023Separately, US senators asked banking regulators to provide details on banks that have engaged in crypto-related services.
December 13, 2022A national risk assessment found remittance agents and banks to be the most vulnerable. MAS will develop new guidance for both sectors.
October 10, 2022The central bank warned that serious action will be taken against online businesses that are found to be illegally buying and selling foreign currencies.
August 30, 2022Bangladesh Bank has also recently removed pre-set limits on online money transfers between customers' bank accounts.
May 11, 2022The complaint says the delays caused harm to recipients who were waiting for their money that had become "stuck in" or “looped” in MoneyGram's systems.
April 24, 2022The system failure affected 387 transactions for foreign exchange trades. Mizuho is required to submit a report on its IT systems to the FSA by 29 October.
October 8, 2021The FSA and BOJ are reportedly looking to better understand whether AML, anti-fraud, and cybersecurity measures at FIs are adequate.
July 15, 2021An ACCC inquiry found that consumers continue to rely on the big four banks for FX services despite the availability of much cheaper alternatives.
September 3, 2019The campaign seeks to raise community awareness of the money laundering threat that unregistered money transfer dealers pose.
August 28, 2019