The Financial Action Task Force (FATF) has published guidance for countries and the private sector on how to apply a risk-based approach to implementing anti-money laundering and combating the financing of terrorism measures in relation to prepaid cards, mobile payments and internet-based payment services. The guidance includes the following: • an explanation of how new payment […]

The Financial Action Task Force said Friday that it issued guidance on how countries and the private sector should handle the money-laundering risks associated with prepaid cards, mobile payments and digital currencies. The document examines how these payment products and services work, and how to regulate and supervise their use, the FATF said. When preparing […]