Abrigo

MAY 22, 2019

Department of the Treasury recently published A Framework for OFAC Compliance Commitments to provide financial institutions and other organizations with OFAC’s perspective on the essential components of a sanctions program. locations and OFAC-sanctioned countries, regions, or persons. Facilitating transactions by non-U.S.

Compliance 150

Compliance Regulation Regional United States 150

PYMNTS

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software.

cryptocurrency 349

cryptocurrency Report Regional Capital 349

PYMNTS

NOVEMBER 23, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from regulators around the world. EU Auditors: European Commission Needs To ‘Scale Up’ Regulation. New Digital Regulations Could Let EU Ban Tech Firms. 34 States Unveil $113M Settlement Against Apple For Alleged iPhone ‘Throttling’ .

Apple 193

Apple Regulation social media Compliance 193

PYMNTS

MARCH 24, 2017

Compliance is also becoming an enterprise-wide endeavor, and compliance officers must adopt a global mindset. When asked as to what the three things that are most urgently in need of attention when it comes to compliance and fraud, Gurz said that “one is balancing efficiencies versus risk.

Compliance 157

Compliance Fraud Regional Examples 157

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

Regulation 175

Regulation Data Regional Examples 175

Perficient

OCTOBER 27, 2022

The FRB and FDIC are looking to improve financial stability by limiting contagion risk ( the spread of an economic crisis from one market or region to another) by reducing the likelihood of uninsured depositors suffering loss.

Capital 275

Capital Regulation FDIC Regional 275

PYMNTS

JANUARY 19, 2021

But it’s still on you as a brand to figure out what payment methods you need, how to sell locally, how [General Data Protection Regulation (GDPR)] may apply, and how to manage taxes,” he said. Retailers are entering new markets at a time when regulations are becoming more complex and costly, not less.

Branding 322

Branding Taxes Fraud Regulation 322

PYMNTS

NOVEMBER 11, 2020

The European Data Protection Board (EDPB) adopted recommendations to assist data exporters with evaluating countries to ensure that they are adhering to the bloc’s level of protection under the EU General Data Protection Regulation ( GDPR ) and finding further measures as needed.

Data 202

Data Compliance Exercises Tools 202

Abrigo

AUGUST 31, 2023

Teaching staff these KYC tips to make clients feel more comfortable In 2023, KYC procedures must both support CDD compliance and make sure your institution is a welcoming place for all customers. Regions serving these communities must have alternative KYC procedures to benefit members and prevent undue stress and anxiety.

Compliance 195

Compliance Community Training System 195

PYMNTS

JULY 24, 2020

The company had launched an online marketplace for 34 countries in the region last year and recently acquired a minority stake in the eCommerce solutions provider with which it collaborated on the effort. How Global Freelancing Marketplaces Can Maintai n Security And Regulatory Compliance.

Compliance 152

Compliance Report Payments Security 152

PYMNTS

APRIL 18, 2019

EU banks and merchants also face the changes to data security, transparency and privacy that the PSD2 and GDPR regulations have marshaled across the region. As European countries and consumers move forward with data transparency, other lawmakers and regulators are seeking to do the same. Around the PSD2, GDPR World.

Regulation 187

Regulation Regional Compliance Data 187

PYMNTS

JUNE 29, 2020

Small- to medium-sized businesses (SMBs) have been especially hard hit, as many have pivoted quickly to enable online transactions and adhere to the regulations that often accompany them. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

How To 239

How To Payments Management social media 239

PYMNTS

AUGUST 23, 2018

The European Union (EU) General Data Protection Regulation (GDPR) came into effect in May, but most businesses in the region still aren’t compliant with the rules. GDPR compliance must be a component of the supplier relationship management strategy, analysts said.

Compliance 119

Compliance Data social media Security 119

PYMNTS

AUGUST 21, 2019

ADEC Innovations, a global sustainable practice and compliance firm, is partnering with London-based Libryo , a legal tech software as a service (SaaS) company, to help brands understand compliance requirements, ADEC said in a press release on Tuesday (Aug. The software will track chemical use and manage compliance.

Compliance 108

Compliance Innovation Software Risk Management 108

PYMNTS

OCTOBER 11, 2018

The company said its bank-grade compliance and regulation expertise also reinforces BNP Paribas’ existing risk and compliance framework, which enables BNP to provide services to new regions quickly and easily, in line with customer requirements. .

Payments 189

Payments Compliance Regional Regulation 189

PYMNTS

MARCH 21, 2018

Globalization, while supporting business growth, places new pressures and challenges on the payroll department — particularly when it comes to compliance and the need to manage regulations that continue to evolve both within and across borders. found most admit they have seen “questionable” practices related to compliance.

Compliance 109

Compliance Survey Resources Regulation 109

PYMNTS

MAY 22, 2019

With fraud ramping up, regulators around the globe are starting to take a closer look at everything from typical threats to the use of new technologies, like blockchain. Regulators in regions such as Europe are changing the ways they look at cross-border transactions. Around the Smarter Payments World.

Fraud 180

Fraud Payments Regulation Security 180

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

OCTOBER 3, 2014

Thomas focused on three key issues directly affecting the present and future of the accounting industry – increased regulations, a shifting workforce, and changing continuing education – as well as some thoughts on the opportunities these challenges offer.

New Jersey 270

New Jersey social media Industry Regulation 270

PYMNTS

JULY 25, 2019

When it comes to regulatory compliance, no corporate is an island. An organization may have the resources to stay on top of ever-evolving regulations, but increasingly, businesses are being held accountable not only for their own compliance standing, but also that of their business partners down the supply chain.

Compliance 100

Compliance Regulation Data Analytics 100

Abrigo

NOVEMBER 4, 2024

See tailored AML/CFT solutions that can improve your compliance. With recent changes in AML regulations, such as FinCEN’s rule to strengthen and modernize financial institutions' AML/CFT programs, this step is also a regulatory mandate.

Training 195

Training Compliance System Regulation 195

Bank Innovation

MARCH 2, 2018

The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist of digital coins in the region led to investor concerns, Reuters reported today.

cryptocurrency 199

cryptocurrency Regional Regulation Operations 199

PYMNTS

SEPTEMBER 20, 2020

EU Commissioner Thierry Breton , who has taken the lead on the overhaul of its digital rules, told the Financial Times (FT) the proposals would prohibit large tech companies from a region. Breton said regulators in Brussels are preparing a list of activities that tech companies would be required to eliminate.

Compliance 175

Compliance Regulation System Taxes 175

PYMNTS

APRIL 24, 2019

Regulators want to have a greater stake in the way sharing platforms operate. Many of these regulators also now expect sharing and payment services to comply with shifting data regulations, like GDPR. Around the Payments and the Platform Economy.

Marketing 179

Marketing Regulation Case Study Security 179

PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. News From The AML/KYC Ecosystem .

How To 170

How To blockchain Compliance Fraud 170

American Banker

APRIL 19, 2024

For the better part of the past decade, the Federal Reserve Board in Washington has played a more active role in presidential searches by regional reserve banks. The shift seems to have made the system more diverse, but some argue it's at the expense of regional bank independence.

Regional 97

Regional Washington System Policies 97

PYMNTS

NOVEMBER 25, 2020

Patel said regulation is catching up to bias in data sets, and we might see a not-too-distant future when vendors must give assurance that there’s no bias in the models they are providing to financial institutions (FIs) and other companies.

social media 353

social media Data Examples Training 353

Payments Source

APRIL 28, 2019

It’s just one part of one regulation in one region that addresses one business practice, but for Stripe, Strong Customer Authentication is a ticket to unlock markets across multiple business types.

Compliance 99

Compliance Regional Regulation Marketing 99

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight.

How To 161

How To Regulation Compliance Meeting 161

Bobsguide

OCTOBER 16, 2018

When the Financial Stability Board (FSB) published its guidelines to national and regional regulators to encourage greater oversight into financial markets, even they couldn’t foresee the deluge of rules and compliance requirements those regulators would begin to craft. In Europe, the most.

Guidelines 115

Guidelines Report Data Regional 115

PYMNTS

SEPTEMBER 22, 2016

World-Check data helps customers identify threats and comply with legislation and regulations for preventing money laundering, terrorist financing, corruption, organized crime and third-party risk. For any regulated firm to thrive in the long term, consistent investment needs to be made in the risk, compliance and control functions. “For

Compliance 100

Compliance Data Risk Management Regulation 100

PYMNTS

DECEMBER 11, 2019

10), Craig Moore, CEO of business financing platform Beehive , not only made the case for more P2P lending in the Middle East (the company is based in the United Arab Emirates), but also gave a larger view of the FinTech situation in that region as a new decade dawns. But in a new PYMNTS interview on Tuesday (Dec. More Focus on P2P Lending.

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

DECEMBER 5, 2017

Data management is becoming an increasingly pressing concern for most financial institutions, as bank regulations continue to shift around the globe, according to new research. Regulation over data management is similarly a rising concern for banks, with 60 percent citing achieving data requirements as their top compliance hurdle.

Regulation 100

Regulation Management Data Survey 100

PYMNTS

FEBRUARY 4, 2020

Open Banking’s European success has kicked off interest in similar regulations worldwide, most notably in China, India and Singapore, where digital banking’s popularity among general consumers is rapidly rising. Numerous regions then announced internal deadlines for compliance that often diverged from their neighbors’ deadlines.

Fraud 144

Fraud Regulation Compliance Innovation 144

PYMNTS

DECEMBER 30, 2019

Retailers are rushing to achieve compliance, adding links to websites with “Do Not Sell My Info” buttons and creating signage in stores to the same effect. The law is similar to Europe’s General Data Protection Regulation (GDPR), which broadly changed the way companies in the region were allowed to deal with customer data.

CA 132

CA Retail Data California 132

Perficient

OCTOBER 5, 2023

Excellence in Governance: Dana- Farber Cancer Institute Leaders of the Pack- Financial Services: UBM Regional Excellence- North America: Mecklenburg County These three projects have earned the distinction of being finalists for the remarkable digital experiences they provide their visitors. Strict industry regulations posed a challenge.

User Experience 221

User Experience Regional America Tools 221

PYMNTS

FEBRUARY 25, 2020

The country’s recent cybersecurity and Open Banking developments have thus been the subjects of extensive scrutiny among its own regulators, as well as among cyber and financial experts around the world. Chinese regulators are also working on regulations to shore up application programming interface (API) innovations and platform banking.

Regulation 140

Regulation Compliance Online Data 140