US regulators push for new technology to tackle financial crime

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The Federal Reserve Board along with four other regulatory agencies – the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration, and the Office of the Comptroller of the Currency – say they want depository institutions to explore innovative approaches to both meet their Bank Secrecy Act/anti-money laundering (BSA/AML) compliance obligations and to further strengthen the financial system against illicit financial activity.

From US regulators push for new technology to tackle financial crime.

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Porn site confirms plans to verify YOUR age under new UK law | Express.co.uk

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MindGeek has promised its AgeID system does not store any personal information on its users.

Instead, the verification system only keeps “standard technical data” to prevent fraud as well as that protected login.

From Porn site confirms plans to verify YOUR age under new UK law | Express.co.uk.

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Why the world’s biggest porn company is backing the UK’s new age law – The Verge

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t’s onerous enough to ask consumers to register with one age verification database, let alone expecting them to sign up for AgeChecked, AVSecure, AVYourself, and Yoti in addition to AgeID.

From Why the world’s biggest porn company is backing the UK’s new age law – The Verge.

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Porn users will have to prove their age before they can view images online | Daily Mail Online

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Websites which harbour content which is more than one-third pornographic will be obliged to verify the age of UK visitors under the new law.

From Porn users will have to prove their age before they can view images online | Daily Mail Online.

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Merchants, payments and the open banking ecosystem | Consult Hyperion

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Apart from anything else, we expect to see a resurgence of interest in the “decoupled debit” proposition whereby platform-provided strong authentication to retailer apps will allow them to bypass the existing card infrastructure (with some projections indicating that a third of European card volume could disappear in the coming years) and perhaps even the physical POS itself.

From Merchants, payments and the open banking ecosystem | Consult Hyperion.

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Kidnappers demand £8 million ransom for wife of one of Norway’s richest men after disappearance | Daily Mail Online

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The kidnappers are said to have asked for the ransom to be paid in cryptocurrency Monero, which can be sent and received anonymously.

From Kidnappers demand £8 million ransom for wife of one of Norway’s richest men after disappearance | Daily Mail Online.

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