I’m not smart enough to know what the most appropriate AML rules are, but I think I am smart enough to know that the current rules are not.
What is “appropriate” AML?
Category: Money
It’s like, how much more white could this be? And the answer is none. None more white.
It’s not often that someone telling me about an EMV fraud exploit makes me laugh out loud, so I got permission to share the story with you.
Why do banks run retail payment systems?
It might, in some circumstances, be better for both the banks and their customers if they let someone else deal with payments – leaving banks free to concentrate on core business.
Cuius regio, eius pecunia
The “Islamic State of Iraq and the Levant” (ISIL) are apparently about to issue their own currency based on precious metals. But surely it’s time for digital dinars isn’t it? I mean come on, just how conservative are these guys?
Watch out for the black ice (when it finally arrives)
Remember the thrilling cyberpunk battles with hackers and outlaw console-jockeys? We thought we were going to get black ice, but all we’ve got so far is passwords that have to have a letter and a number in them. Oh, and no security.
Casino Royale-with-Cheese, Part 9
Undercover at Money2020, our man in Las Vegas ls lost in booths, babes and benjamins. But can agent 0111 stop a killer new technology from falling into the wrong hands? It’s Main Street vs Infinite Loop in the major new blogbuster from CHYP End… welcome to… Pay Another Day
Regulation is more important than technology when it comes to strategy
The biggest factor shaping the strategic plans of players in the European payments sector is regulation and right now understanding the impact of new regulation is far more important than understanding the impact of new technology.
Contactless innovation at CHYP Towers
Over at CHYP Towers in New York, my colleague Simon Laker has created a new personal payment mechanism: his do-it-yourelf contactless credit card. Here is his unexpurgated report from the USA today.
Who does AML hurt?
I’m hoping somebody can send me a plausible and documented cost-benefit analysis for anti-money laundering legislation but it’s proving difficult to find one. I’m not saying it’s a waste of money, I’m just saying that I don’t know whether it’s a waste of money or not. Please note this is a repost as the original was lost through a tear in the spacetime continuum.
I’m not keeping an open mind about Bitcoin, and nor is the government
I saw a number of excited, and entirely mistaken, tweets saying that the British government are supporting Bitcoin, when they are doing nothing of the sort. In fact, the relevant UK Minister merely said that they government are keeping an “open mind” about Bitcoin. They’re not: they are keeping an open mind about the blockchain, and that’s much more interesting.
