PYMNTS

NOVEMBER 9, 2020

Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes. The regulation enables authorities in Turkey to take content off of platforms instead of restricting access as they had done previously. Facebook’s WhatsApp To Grow Payments Service Following NPCI Go-Ahead.

Regulation 211

Regulation social media Compliance California 211

CFPB Monitor

MAY 24, 2021

We are pleased to announce that Ballard Spahr’s Consumer Financial Services Group has once again received the highest national ranking from Chambers USA: America’s Leading Lawyers for Business. This year, Chambers USA added Enforcement & Investigations as a new category for Financial Services Regulation: Consumer Finance.

National 148

National Groups Regulation Compliance 148

PYMNTS

APRIL 1, 2020

This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. Many states don’t have any laws regulating the use of facial recognition technology.

Washington 304

Washington Policies San Francisco Oakland 304

Perficient

AUGUST 16, 2020

However, you may not know that there are certain rules/regulations that must be accounted for so you can remain compliant with FCC regulations. This law doesn’t go into effect until January 6, 2021, for all fixed MLTS (this includes fixed interconnected VoIP, fixed telephony, and fixed Telephone Relay Services (TRS)).

System 348

System Regulation Texas Compliance 348

PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. The central bank of India wants more stringent regulations for large shadow lenders.

United States 217

United States Regulation Payments Lending 217

PYMNTS

JANUARY 7, 2021

The World Health Organization (WHO) is warning that Europe is likely entering into the “acute” phase of the COVID-19 pandemic as nations scramble to quell the latest surge in infections. We were prepared for a challenging start to 2021, and it has been just that,” Dr. On Wednesday (Jan. in particular, has been extremely hard-hit. “We

National 195

National Regional United States Policies 195

PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Economists: Stimulus, Vaccine Key To Full Recovery By Year-End 2021. Plus, online lending startup SoFi is looking to go public through a SPAC.

San Francisco 130

San Francisco Community Bank Video Capital 130

Perficient

FEBRUARY 16, 2022

Over the last 90 days, we have let clients know about the federal banking regulators planned cryptocurrency road map , explained what steps national banks need to take to begin crypto activities , provided thoughts on the possibility of a U.S.

New York 294

New York cryptocurrency Security FDIC 294

Abrigo

DECEMBER 10, 2021

Takeaway 1 The December 2021 update affects four sections of the existing FFIEC BSA exam manual. The Federal Financial Institutions Examination Council (FFIEC) periodically updates its BSA Examination Manual, with the most recent update on December 1, 2021. Would you like other articles like this in your inbox? Updates and Changes.

Training 195

Training Regulation Policies ATM 195

Abrigo

JULY 21, 2021

As part of the Financial Crimes Enforcement Network’s (FinCEN) first national priorities list for anti-money laundering and countering the financing of terrorism (AML/CFT) policies, one important priority continues to be detecting, reporting, and preventing terrorist financing. BSA Rules and Regulation. BSA Rules and Regulation.

Training 195

Training National Strategy Regulation 195

Abrigo

JULY 16, 2021

FinCEN Releases 8 AML/CFT Priorities These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. financial system. financial system. How to prepare. financial system.

Community 195

Community Regulation Training Policies 195

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

Mobile 229

Mobile Report America Regulation 229

Abrigo

JUNE 12, 2023

WATCH NOW Takeaway 1 The number of money transmitters grew by 13% in 2021 in the U.S. According to the Conference of State Bank Supervisors , the number of money transmitters grew by 13% in 2021 in the U.S. Streamlined compliance : Compliance with varying state regulations significantly burdens money transmitters.

Compliance 195

Compliance Fraud Regulation Guidelines 195

PYMNTS

DECEMBER 16, 2020

More than 100,000 eateries — or about one in six restaurants nationwide — have closed due to the pandemic, according to National Restaurant Association estimates. A study found that restaurant revenues declined by 9 percent year over year in October, largely due to decreased in-restaurant traffic due to social distancing regulations.

Fraud 310

Fraud social media Mobile Trends 310

PYMNTS

NOVEMBER 20, 2020

In China, the battle of the regulators versus FinTech behemoth has seemingly been joined. . That delay came following controlling shareholder Jack Ma’s meeting with Chinese regulators. What’s next for Ant Group – and by extension, Jack Ma? . What might a restructuring look like? . What Lies Ahead . What Lies Ahead .

Groups 236

Groups Regulation Policies Meeting 236

PYMNTS

APRIL 24, 2020

The digital currency is expected to launch later this year or in early 2021, but no specific time frame has been announced. The Financial Stability Board (FSB) — the regulatory watchdog of the Group of 20 (G-20) — recently warned global regulators that possible stablecoin disruptions should be addressed before Facebook’s Libra is released.

social media 209

social media National Regulation Groups 209

Abrigo

MARCH 17, 2022

The Stress Test Scenarios for Big Banks Are Useful for Smaller Institutions' Own Tests Banking regulators recently released the 2022 scenarios for upcoming stress tests by the biggest banks. The stress test scenarios present hypothetical levels on common national level economic factors. Related Subhead.

Capital 195

Capital Regulation Risk Management Community 195

South State Correspondent

MAY 30, 2024

We work with well-known national CPA firms that specialize in working with banks specifically to claim their ERC tax rebate. Inability to hold in-person meetings—with customers, partners, regulators, industry representatives, and more. Focusing on Q1 of 2021 simplifies the amount of data needed.

Georgia 195

Georgia Alabama New Jersey Taxes 195

Perficient

JUNE 25, 2024

Toll Gates Are Needed To avoid repeating such scenarios, of that rather dire history, Hsu advocated for regulators and the industry to proactively identify points where growth and development should pause to ensure responsible innovation and build trust.

Case Study 221

Case Study Risk Management Analysis Innovation 221

Abrigo

NOVEMBER 2, 2021

With the 2021 change in administration in Washington, D.C., On January 1, 2021, the Senate voted into law the National Defense Authorization Act (NDAA). The AMLA is extensive, and there are many steps involved before FinCEN can implement the act, such as conducting studies, writing regulations, and publishing guidance.

Compliance 195

Compliance Regulation Resources Policies 195

PYMNTS

FEBRUARY 20, 2020

Financial Stability Board (FSB) Chair Randal Quarles has warned global financial regulators that they must accelerate the creation of a framework for cryptocurrency and other forms of digital money, Reuters reported on Wednesday (Feb. The daily calculated bank-to-bank interest rate is a benchmark for trillions of U.S.

cryptocurrency 194

cryptocurrency Meeting Conference Innovation 194

PYMNTS

DECEMBER 29, 2020

“Though the industry moved to enable interoperability of mobile wallets in 2018, this is limited to only P2P payments, and is yet to be expanded to both merchant and agent interoperability and even to work seamlessly at P2P,” according to the draft of the Kenya National Payments System 2021-2025 report.

National 160

National Mobile Policies Payments 160

Abrigo

JANUARY 22, 2024

Banks of all sizes need practical tools to win the fight against fraud, so it should be no surprise that 31% of financial services organizations plan to add new technology systems to fight fraud, compared to 10% in 2021. Historically, the operational functions of fraud and AML/CFT have remained wholly or partially siloed.

Fraud 221

Fraud Risk Management Training Software 221

PYMNTS

JANUARY 10, 2019

They noted that in some instances, the OLAF found that the misused EU funds were going to national politicians, their families and/or associates. In the auditor’s report, they backed the move to create a European Prosecutor’s Office in charge of conducting investigations on spending, which is targeted to open starting in 2021.

Fraud 141

Fraud National Regulation Report 141

Abrigo

JANUARY 11, 2023

Institute Against Human Trafficking reported that the 2020 Super Bowl in Miami saw a 163% increase in human trafficking reports to the national hotline over the course of the event. The 2021 Super Bowl in Tampa saw 146 arrests made, six victims recovered, and 18 missing children identified. BSA Rules and Regulation. Learn More.

Training 195

Training Software Tampa Regulation 195

CFPB Monitor

MAY 17, 2021

On May 19, 2021, the House Financial Services Committee will hold a hearing , “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.” The scheduled witnesses are: Todd Harper, Chairman, National Credit Union Administration.

Regulation 78

Regulation FDIC National Community 78

Abrigo

DECEMBER 17, 2021

Financial institutions experience d significant changes in 2021 because of the continued pandemic , increased remote work trend, and growing digital usage. Remember, regulators don't care how much you have in your budget for staffing. BSA Rules and Regulation. Understanding importance. Don't wait, start planning now.

Compliance 195

Compliance Training Fraud Resources 195

Abrigo

SEPTEMBER 30, 2024

It also directly responds to evolving regulatory requirements, especially with fraud now included in FinCEN’s national priorities. FinCEN’s national priorities now include fraud. A significant change in 2021 was the inclusion of fraud in FinCEN’s AML/CFT priorities. It isn’t just a tool—it’s a necessity.

Management 195

Management Fraud Software Compliance 195

PYMNTS

JANUARY 1, 2021

The new brick-and-mortar branch is located in Jaipur and the backers say they hope to add 14 more in January 2021 and 100 more in other areas over the next two years. If the U.S. Among the government's arguments for expanding the policy is the use of cryptocurrency in crimes such as the distribution of ransomware.

Miami 201

Miami Bitcoin cryptocurrency Florida 201

Abrigo

MARCH 24, 2021

Anti-Money Laundering Act of 2020 BSA professionals should prepare for changes as new regulations and guidance from FinCEN unfold. Takeaway 2 While the AMLA is now law, regulations, guidance, and other information still needs to be written. These include conducting studies, writing regulations, and publishing guidance.

Regulation 195

Regulation Training Study Policies 195

CFPB Monitor

APRIL 8, 2021

On April 1, 2021, the FDIC’s final rule issued in December 2020 revising its brokered deposits regulation became effective. The full compliance date for the final rule is January 1, 2022.

FDIC 78

FDIC Resources Regulation Compliance 78

CFPB Monitor

OCTOBER 4, 2022

The DOJ’s lawsuit against Lakeland, filed in a New Jersey federal district court, is part of the DOJ’s nationwide “ Combating Redlining Initiative ” launched in October 2021. According to the DOJ , the settlement represents the third-largest redlining settlement in the DOJ’s history.

New Jersey 147

New Jersey Lending Community National 147

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. This steady march toward online banking tools has played a key role in how Brazil’s regulators are structuring its open banking rules.

America 165

America Regulation Regional Tools 165

PYMNTS

OCTOBER 8, 2020

Vertical payments company Flywire has joined forces with BELTA, the Brazilian Educational & Language Travel Association, in a move that expands the availability of its cross-border payment offerings to students from Brazil who are studying in other nations. Pandemic Will Push 150M Into 'Extreme Poverty' By 2021, World Bank Says.

Payments 153

Payments Study National Regulation 153

Abrigo

JUNE 27, 2023

Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. The limited regulation around the real estate industry has made it especially easy for these bad actors to cycle their dirty money into the financial system using this avenue. In 2017, over 5.51

El Paso 195

El Paso United States Miami New York City 195

Abrigo

MAY 12, 2022

Takeaway 2 In 2021, ransomware, business email compromise (BEC) schemes, and cryptocurrency crime were among the top incidents reported. As evidenced by recent attacks on the nation's fuel and food supplies, ransomware is a particularly acute concern. BSA Rules and Regulation. billion, a 7% increase over 2020. we can help.

Fraud 195

Fraud Training Software cryptocurrency 195

PYMNTS

DECEMBER 24, 2020

Said Allaire of the bid to get digital currencies more front and center: “Regulators are getting their arms around them … the digital asset market is now moving, more and more, into the mainstream of finance, FinTech payments and banking world.”. And, of course, the crypto landscape extends well beyond bitcoin.

Bitcoin 258

Bitcoin cryptocurrency Course Boston 258