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FinCEN Issues FATF Advisory Update

FinCEN issued an advisory updating the FATF-identified jurisdictions with AML/CFT deficiencies. The advisory includes jurisdictions that are subject to the Financial Action Task Force’s call for countermeasures or are subject to enhanced due diligence because of their anti-money laundering/anti-terrorism financing deficiencies.


SEC Deals another Blow to Bitcoin Trading; ECB Says ‘No’ to Blockchain

The U.S. Securities and Exchange Commission denied the proposal of the NYSE Arca exchange to list and trade bitcoin like a stock. The exchange is one of the largest electronic communication networks in terms of shares traded.


Ant Wins MoneyGram Board Approval after Upping Bid to $1.2 Billion

China’s Ant Financial Services Group appears to have beat back a surprise challenge by Euronet Worldwide to acquire MoneyGram. After raising its offer for the money transfer giant by more than one-third, to $1.2 billion, Ant’s bid has earned the approval of MoneyGram’s board of directors. But the deal still must win regulatory and shareholder approval before Ant officially acquires MoneyGram and gains a massive foothold in the global remittance market.


Intesa Sanpaolo, EBA Clearing Complete Pan-European Instant Payment Test

Italy’s largest retail bank, Intesa Sanpaolo, and EBA Clearing have successfully completed their first user testing activities on financial technology provider Dovetail’s solution for EBA’s pan-European real-time payment platform.


India Meal Vouchers Go Digital: Paytm, Zeta Launch Electronic Alternatives

Competition in the corporate meal voucher market in India is heating up as providers are launching alternatives to paper vouchers, which the Reserve Bank of India will no longer allow beyond 2017. Among them is online commerce platform Paytm and electronic payments provider Zeta.


SWIFT Strengthens Security with New Payment Controls

SWIFT has launched a real-time payment controls service to add to its customers’ existing fraud controls. The fraud and cybercrime prevention service permits its customers to screen their payment messages according to their own chosen parameters, “enabling them to immediately detect any unusual message flows before transmission,” according to an April 12 company announcement.


Mastercard Wins U.K. Approval for VocaLink Buy

The U.K.’s Competition and Markets Authority gave its blessing April 11, enabling Mastercard to complete its acquisition of 92.4 percent of VocaLink Holdings for $920 million. The deal, which is expected to close within weeks, gives Mastercard control of a large portion of the U.K. transaction processing market.


WeChat Wants to Grow Payments in U.S. and Europe

WeChat is on the move again. The China-based social messaging and mobile wallet platform plans to expand its presence in Europe and the U.S., efforts that could bring it better relationships with advertisers, brands and payment providers.


Western Union App Integrates Apple Pay

Facing increased competition from mobile P2P services, money transfer giant Western Union has made a move to bolster its own mobile offerings. U.S.-based users of Western Union’s mobile app now can use Apple Pay to send money from within the app domestically, or to more than 200 countries and territories.


Europe Wants to Hear More Ideas about Fintech

Europe wants to learn more about fintech and how to develop it through an online survey for consumers and companies involved in the sector.