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FinCEN AML/CTF Priorities Part 6: Transnational Organized Crime (TOC)

Abrigo

in 2001 began outlining strategies to combat transnational organized crime. The FBI explains TOC groups are “self-perpetuating associations of individuals who operate, wholly or in part, by illegal means and irrespective of geography.” A Focus Since 2001. Would you like others articles like this in your inbox?

Training 195
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PingPong To Enter Europe Via $113M Investment

PYMNTS

PingPong and Luxembourg’s relationship goes back to 2017, when the FinTech startup got a payments license in the region, which allowed it to operate between Chinese outfits and customers in Europe. Earlier this year , Luxembourg passed a bill to amend an existing securities law so that it includes blockchain.

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In Payments Security, Hunting For The Goldilocks Effect

PYMNTS

To put it another way, the theme of the fairy tale applies to the transactional world in which we live — getting it all just right and in balance, a crucial concept when it comes to the consumer experience and security in card-not-present (CNP) transactions. The key is to harness those mobile trends, Rendell said, offering up the 3D Secure 2.0

Security 108
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No Pain, No Gain? GDPR, PSD2 And The New Payments Reality

PYMNTS

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising. 3D Secure 2.0

Payments 195
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Five at Five: Amazon’s Holiday Season

PYMNTS

and China, local Chinese vendors operating in Yiwu International Trade City are upbeat about 2019. The Securities and Exchange Commission and various state regulators have been investigating more than 90 cryptocurrency cases in which investors lost money. Local China Merchants Upbeat About 2019 Cross-Border Sales.

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Wirecard, Enron And Warning Signs Across Two Decades

PYMNTS

Enron filed for bankruptcy in 2001 after accounting improprieties surfaced; much of the company’s business activities — logged as revenues and profits — had been done though special purpose entities (where it had ownership interests). ” Then the swift downturn — and insolvency. Most recently, Wirecard has said that roughly $2.1

New York 178
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Tracking The Trends That Shaped 2020’s The Digital-First Economy

PYMNTS

You hear a lot about the new normal and stuff like that, but I really see it as banking at the speed of life,” said CarrieAnne Cormier , senior vice president of Retail Operations and Strategy at Avidia. The past year has been one of the most trying in recent memory for lenders as well as consumers. Digital Identity.

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