Abrigo

JUNE 10, 2020

The bank’s Chief Compliance Officer also raised concerns, and in May 2014, the AML Officer ultimately bypassed LaFontaine and sent an email to the then-Chief Risk Officer regarding the cap on alerts, according to the enforcement action. The regulators don’t care what your budget is,” Luttrell says. BSA Rules and Regulation.

Resources 195

Resources Regulation Compliance Policies 195

Abrigo

NOVEMBER 21, 2019

In 2014, FATF clarified their standards and published the Guidance on Transparency and Beneficial Ownership. has continued to be under scrutiny by FATF for not having strong beneficial ownership regulations to prevent the use of shell companies for nefarious purposes. BSA Rules and Regulation. BSA Rules and Regulation.

United States 195

United States Regulation National Taxes 195

PYMNTS

NOVEMBER 16, 2018

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177

Taxes Payments District of Columbia Alabama 177

PYMNTS

DECEMBER 9, 2020

The United Kingdom’s economic and finance ministry, HM Treasury, seeks input on the challenges that the sharing economy creates for value-added tax (VAT). The ministry said that policymakers have to consider the basis for new regulations that mirror the evolving nature of economic activity in the digital era.

Taxes 160

Taxes Analysis Compliance Report 160

PYMNTS

JANUARY 22, 2018

At the time, he predicted that “hundreds of millions of dollars” would be moving into the virtual currency in 2014. Bitcoin wasn’t alone in its fall, as other cryptocurrencies lost value over investor concerns that regulators would take measures to curb speculation. in December of 2017. at 5:25 P.M., according to CoinDesk.

cryptocurrency 140

cryptocurrency Bitcoin Taxes America 140

PYMNTS

DECEMBER 19, 2019

A total of 41 apps were found to be not in compliance of user data rules, according to regulators, and violations included improperly collecting or using information about visitors to their services. In other recent crackdowns by China’s Communist authorities, companies have faced increasingly steep control and regulation by the government.

social media 130

social media Regulation Exercises Policies 130

PYMNTS

MAY 12, 2016

office were facilitating tax evasion and money laundering. According to FT , no public or private action was taken against the bank by regulators after the information was disclosed. regulators didn’t seem inclined to take any real steps toward looking into the claims about BSI’s role in tax evasion at the time.

Taxes 100

Taxes Fraud Regulation New York 100

PYMNTS

DECEMBER 20, 2017

Reuters, citing the FATF, reported that in addition to failing to punish money launderers, Mexico’s tax authorities aren’t regulating money from real estate and luxury goods firms, which are just a front for drug operations. That action was prompted by a U.S. percent rate.

Taxes 100

Taxes Regulation National Report 100

BankUnderground

NOVEMBER 8, 2023

In a new working paper , we show that cap-and-trade schemes lead to lower volatility in GDP and financial variables, and result in reduced welfare costs of the business cycle , when compared to the more widely known carbon taxes. We find that a cap-and-trade system keeps the economy significantly more stable.

Policies 78

Policies Regulation Taxes Compliance 78

PYMNTS

JULY 20, 2018

Since it launched in 2014, Tilray has yet to turn a profit, recording a net loss of $7.8 Senate panel voted to block an amendment that would allow banks to open accounts for marijuana businesses without being punished by federal regulators. It signifies a global shift in perception.”. million in 2017 and $5.2

Company 144

Company Capital Taxes Industry 144

PYMNTS

MARCH 9, 2020

billion, prior to taxes and other charges. The arrangement still must receive approval by regulators in Malaysia and Thailand. The British grocer had created the Gain Land venture with CRH in 2014, joining together the 131 locations of the U.K. Tesco said the deal’s net cash proceeds will arrive at $10.3

Groups 130

Groups Taxes Resources Operations 130

PYMNTS

JUNE 12, 2019

In a recent blog post citing Billentis research, Sovos highlighted some of the successful eInvoice mandates across Latin America, with Brazil reporting $58 million in tax revenue increases as a result of such a mandate, while Chile and Mexico were able to reduce their VAT gaps by as much as 50 percent.

America 139

America Taxes Regulation Fraud 139

CFPB Monitor

MARCH 30, 2015

The CFPB’s Consumer Response Annual Report analyzing complaints handled in 2014 indicates that volume rose 53% from 163,700 complaints in 2013 to 250,200 in 2014. Also, while in 2013 the CFPB received the most complaints about mortgages, it received substantially more complaints in 2014 about debt collection than mortgages.

Report 60

Report Case Study Taxes Analysis 60

PYMNTS

DECEMBER 14, 2020

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

Google 132

Google social media Compliance Regulation 132

FICO

OCTOBER 26, 2017

You would think one system would be enough to manage foreign tax compliance. In 2010 the IRS (Internal Revenue Service) started to define the details of FATCA (Foreign Account Tax Compliance Act). Two aspects are of interest: possible additional tax revenue from foreign accounts and additional information on the customers.

Taxes 53

Taxes Compliance Report US 53

PYMNTS

APRIL 20, 2016

And with good reason, as a slew of regulations, spanning Dodd-Frank, Basel III and the money market Rule 2a-7 reform, have kept treasurers on their toes mastering the devils that lie within the details. Treasury proposed Simplified Tax Accounting Method for VNAV funds. To be blunt, this isn’t your grandfather’s money market anymore.

Taxes 100

Taxes Regulation Management Marketing 100

PYMNTS

APRIL 27, 2017

AIB said in a statement to Bloomberg that the settlement has to do with issues that happened between July 2010 and July 2014. The identification of serious breaches by the regulator of vital regulations sends the wrong message to potential investors in the bank at this crucial time.”.

Compliance 100

Compliance Taxes Regulation Policies 100

PYMNTS

MAY 9, 2016

The Obama administration is cracking down on money laundering and tax evasion tactics. companies to hide money laundering, tax evasion and other illicit financial activities,” Treasury Secretary Jacob Lew wrote in a letter to House Speaker Paul Ryan (R-WI), according to The Wall Street Journal.

Taxes 100

Taxes Conference Course National 100

PYMNTS

SEPTEMBER 13, 2017

The Payment Consolidation Service collects invoices for all hotel bookings and ensures they are presented to the corporate client in a tax-compliant format. There is another point of friction the company said it is looking to address with its new service: Corporates often don’t receive invoices from their hotels.

Cards 100

Cards Taxes Mobile Payments 100

PYMNTS

APRIL 18, 2016

Ant meets these requirements comfortably, as well as the regulation that, to IPO, a firm must generate accumulated cash flow of at least 50 million yuan or post a total of 300 million yuan for revenue in the latest three years. percent of the finance arm’s pre-tax earnings until it acquires the stake, the filing said.

New York 100

New York Taxes Maine Groups 100

PYMNTS

MAY 14, 2018

has steadily grown since 2014, now reaching about 400. policymakers in 2014. Three, free patient access to medicine they need; and four, the enormous ‘give back’ value this industry offers in terms of tax.”. According to Lang, traditional FIs cannot meet this regulatory compliance and reporting need.

Compliance 130

Compliance Guidelines Industry Taxes 130

PYMNTS

JUNE 1, 2018

The system, in the works since at least 2014, seeks to punish people who have committed crimes such as spreading fake news about terrorism or creating problems on flights from riding on transportation for as long as a year. That’s a grand vision, and not all grand visions make it fully into reality. to build the system.

System 106

System Big Data Policies Data 106

PYMNTS

OCTOBER 10, 2017

percent between 2014 and 2014 representing the highest growth in a decade, researchers said. Multinational banks and corporations seek better industrywide standardization and harmony among regulations,” he said in a statement. “As The 2017 report , released Monday (Oct. Developing markets are driving this growth, too.

Payments 124

Payments Regional America Trends 124

PYMNTS

MARCH 1, 2016

And while some of these strategy revamps have been telegraphed, the numbers show some impact from regulations and investigations, as the firm posted a net loss of roughly $547 million (394 million pounds), which is far worse than a year ago at 174 million pounds. Staley, on board. Staley took the reins as CEO at the end of last year.

Operations 100

Operations Strategy United States Regional 100

PYMNTS

OCTOBER 23, 2019

dollar is an excellent currency as a means of accounts, and it serves all needs — except it’s really bad for tax evasion,” and a host of other crimes. You’re trying to help those for whom the dollar is not a good currency — drug dealers, terrorists and tax evaders.”. regulators, regardless of what happens with international regulators.

cryptocurrency 100

cryptocurrency Payments Regulation Taxes 100

PYMNTS

OCTOBER 23, 2019

dollar is an excellent currency as a means of accounts, and it serves all needs — except it’s really bad for tax evasion,” and a host of other crimes. You’re trying to help those for whom the dollar is not a good currency — drug dealers, terrorists and tax evaders.”. regulators, regardless of what happens with international regulators.

cryptocurrency 100

cryptocurrency Regulation Taxes Data 100

PYMNTS

MARCH 22, 2017

Founded in 2014, Baker Technologies began as a tool to allow recreational cannabis customers to order ahead online. For instance, if a customer routinely purchases edibles, they might receive updates on stock or promotional information if state regulations allow it. (In Payments can get complicated in the cannabis space.

Technology 119

Technology Colorado Tools Denver 119

Banking 2020

NOVEMBER 25, 2015

China has introduced new draft rules that are intended to tighten regulations governing online payments in the country. The impact of tougher regulations. ” One of the biggest challenges for the payments sector as a result of the new regulations would be the addition of more steps for validating user identities.

Regulation 40

Regulation Online Marketing Payments 40

CFPB Monitor

NOVEMBER 17, 2014

” On December 12, 2014, from 12 p.m. The CFPB also found that 77.85% of the agreements it reviewed contained error resolution provisions (including provisional credit) that substantially tracked Regulation E requirements. Regulation E provisions.” ET, Ballard Spahr attorneys will hold a webinar on the proposal.

Study 74

Study Cards Regulation Taxes 74

PYMNTS

AUGUST 5, 2019

Consumers worldwide appear increasingly receptive to subscription offerings, with a recent survey of those in 12 countries finding the share of adult respondents who have subscription services rose from 53 percent in 2014 to 71 percent in 2019.

Payments 115

Payments Compliance Operations System 115

Independent Banker

SEPTEMBER 22, 2015

Recently Congress passed the Biggert-Waters Flood Insurance Reform Act of 2012, followed by the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). Biggert-Waters) the bank was not required under federal or state law to escrow taxes or insurance. taxes and insurance. taxes and insurance. Escrow obligations.

Regulation 70

Regulation Policies Community Bank Taxes 70

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. Anyone in a regulated industry — and that’s just about all of them — are also plenty dubious about using cryptocurrencies as the processing rails for supporting those pilots and incorporating them into their longer-term plans should their pilots show promise. And to learn.

Fintech 183

Fintech blockchain Lending Digital Banking 183

CFPB Monitor

OCTOBER 30, 2014

Mishkin While mortgage and student loan servicing violations cited by the CFPB in its Fall 2014 Supervisory Highlights have grabbed the headlines, the report also includes noteworthy observations regarding the violations found by the CFPB in debt collection, electronic fund transfers and consumer reporting. Electronic fund transfers.

Report 87

Report Policies Payments Regulation 87

PYMNTS

FEBRUARY 13, 2018

Some of those pieces include onboarding suppliers, reducing payment errors submitting reports and tax forms, following local rules and regulations, providing global payments reach and managing invoice versus non-invoice workflows.

Branding 103

Branding Payments Operations Resources 103

Jessica Ellerm

MAY 20, 2017

According to the Productivity Commission , in 2014-15, Australians paid about $12 billion in fees to APRA-regulated funds. In 2013/2014 men, on average, retired with $292,500 while women ended up with $138,150. Fees & Charges. 12B in fees keep some expensive lights on at superannuation head offices across the country.

Fintech 89

Fintech Management Industry Trends 89

CB Insights

APRIL 29, 2019

However, the title hit its peak around 2012 and fell by about 40% by the end of 2014. Tax Wrangler. Today at Automattic, the in-house tax wrangler is in charge of “researching multi-state sales and use tax regulations” and working on “sales, property, excise and VAT taxes” for a company of 600+ people.

Innovation 78

Innovation Software Taxes Google 78

PYMNTS

OCTOBER 11, 2016

Treasury Committee Chairman Andrew Tyrie is urging the FCA to “get on with publication as soon as possible” and is calling on the government regulator to commit to a publication date. He told BuzzFeed that RBS told Norwich council that Gibbs had died and cancelled his business tax payments. ” U.K.

Meeting 100

Meeting Report Taxes Payments 100