The payment services solution

What will be the effect of the Payment Services Directive (PSD) – which is implementing important new anti-money laundering (AML) rules – on the money transfer sector? The bald answer to this question is: like the curate's egg; we only know in parts. At present, there are many questions to be dealt with before the money transfer operator can know the real impact. This was particularly evident in the Treasury's findings published in its report A Revised Impact Regulatory Assessment

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