Category: News
-
Trump Treasury Puts Western Union, MoneyGram on Immigration Patrol
The Financial Crimes Enforcement Network (FinCEN) has issued a new alert telling money services businesses (MSBs) like Western Union and MoneyGram to flag and report “suspicious” cross-border transfers tied to undocumented immigrants — treating…
-
FDIC’s Hill Pledges Lighter Touch, Tougher Culture in Regulatory Shake-Up
Acting FDIC Chairman Travis Hill marched up to Capitol Hill on Tuesday and laid out an aggressive overhaul of the nation’s bank watchdog – promising fewer box-checking exams, more focus on real risks, a…
-
The FinCEN Sounds Alarm on Cross-Border Cash From Migrants Without Legal Status
The FinCEN is putting money services businesses on notice: individuals without legal status in the United States may be using money transmitters to move illicit proceeds, including profits from unlawful U.S. employment, back across…
-
China Ramps Up “War on Crypto”: Beijing Brands All Virtual Currency Activity Illegal Finance
China’s central bank has doubled down on its war against crypto, declaring once again that all virtual currency business is illegal finance and ordering regulators and law-enforcement agencies to intensify the crackdown.The PBOC statement…
-
Meet the New Player Trying to Police America’s Stablecoins
The Federal Money Services Business Association (FedMSB) on Monday unveiled the Stablecoin Standards Authority (SSA) — just made a very loud move in the fight to control America’s exploding stablecoin economy.
-
Fed’s December Rate Cut in Sight — What MSBs & Payment Firms Should Know
Wall Street increasingly expects the Federal Reserve to cut interest rates in December 2025 as signs of labor-market softening emerge, including rising jobless claims and slowing hiring among young workers. Major banks, including Goldman…
-
BIS Taps IMF Digital Cash Heavyweight to Turbocharge CBDC Push
The Bank for International Settlements has appointed IMF digital money chief Tommaso Mancini-Griffoli—an outspoken advocate for regulated, public-backed digital currencies—to lead its Innovation Hub starting in March 2026, signaling a decisive shift toward CBDCs,…
-
Cross-Border Payments Hit Turning Point as ISO 20022 Becomes the New Global Language
On 22 November, the global financial community completed its migration to ISO 20022 as the common standard for cross-border payments, ending the coexistence phase with legacy MT messages. This marks one of the biggest…
-
CSBS Taps Five Tech Firms to Blow Up Old-School Bank Reporting
On November 21, 2025, the Conference of State Bank Supervisors (CSBS) announced that five technology companies—Lumio, HarmonyTech Inc., Regnology, ICF, and Curinos—have been selected to develop and prototype tools to modernize bank financial data…
-
IMF ROLLS OUT PLAYBOOK FOR CENTRAL BANK DIGITAL CASH
The International Monetary Fund (IMF) has published a comprehensive framework designed to guide central banks through the complex process of adopting central bank digital currencies (CBDCs).