Tag Archive: payment regulation

FTR 2015’s regulatory success relies on further industry collaboration, writes Deutsche Bank’s Christian Westerhaus for Money Laundering Bulletin

Last month, the EU Funds Transfer Regulation 2015 (FTR 2015) – which aims to ensure the full traceability of payments – came into effect. Helping to prevent and detect illicit financial transactions, FTR 2015 implements the updated international anti-money laundering (AML) and counter-terrorist financing (CTF) recommendations by the Financial Action Task Force (FATF) and, therefore, …

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Writing for Finextra, Deutsche Bank’s Christian Westerhaus believes clarity over EU FTR 2015 is needed

Effective since 26th June 2017, the EU Funds Transfer Regulation 2015 (FTR 2015) sets out to ensure the traceability of payments transactions, which is a powerful tool in the prevention, detection, and investigation of money laundering and terrorist financing. But with its implementation comes unexpected hurdles for payment service providers (PSPs). Writing for Finextra, Christian …

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Deutsche Bank publishes new whitepaper outlining the incoming EU Funds Transfer Regulation

Financial institutions and regulators require a common understanding of the EU Funds Transfer Regulation 2015’s (FTR 2015) revised scope and implications before its effective date or else they risk disruptions to transaction flows. This is according to Deutsche Bank’s newly-published whitepaper, “Funds Transfer Regulation 2015: a regional regulation with a global impact”. Applicable from 26 …

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In an article for IBS Journal, Deutsche Bank’s Shahrokh Moinian explains how PSD2 could accelerate European payments digitalisation

Taking into account the substantial technological and market changes in the past decade, EU Payment Services Directive’s revision – known as PSD2 – comes into effect in January 2018. Its changes, however, represent more than a regulatory update; in fact, PSD2 has the potential to propel European payments into a new era of digitalised services. …

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