Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.
Key developments of interest over the last month include:
European Commission proposed amendments to draft RTS on SCA: amongst other things, the Commission has proposed a new exemption to strong customer authentication and independent auditing of the transaction risk analysis exemption.
Implementation of MLD4 in Germany: Deutsche Bundestag adopts draft law implementing MLD4 by amending the existing German Anti-Money Laundering Act.
Joint Committee of the ESAs consults on draft RTS under Article 45(6) MLD4: the draft RTS specify the minimum anti-money laundering measures firms must put in place where a uniform approach cannot be applied across a group structure.