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JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

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National Security cryptocurrency US 187

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DECEMBER 18, 2020

The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effectively secret bank accounts that hold cryptocurrency.

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Bitcoin US Regulation cryptocurrency 354

PYMNTS

OCTOBER 9, 2018

However, Dave Gilbert, founder and chief executive officer of SMB alternative lending firm National Funding , said he’s seen a trend of growing traction within the small business community. If companies cannot volunteer even the most limited information, how can they be trusted to provide fair credit to small business owners?”.

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National Regulation Capital Industry 167

Abrigo

FEBRUARY 28, 2025

Phishing scams Phishing scams involve fraudsters impersonating legitimate entitiessuch as banks, government agencies, well-known companies, or business contactsto trick individuals into providing sensitive information like login credentials, Social Security numbers, or financial details.

Fraud 221

Fraud social media Training Community 221

Perficient

DECEMBER 6, 2021

So, you’re the CEO of a national banking corporation or a national savings bank. Therefore, your primary federal bank regulator is the Office of the Controller of the Currency (OCC). The OCC conducts frequent on-site examinations as they investigate, prepare, and then issue its reports of examination.

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National Examples Regulation Report 294

Abrigo

MARCH 18, 2025

Traditional & emerging payment systems Payment system vs. payment platform Regulations related to payment systems The growing risk of payment fraud What is a payment system? Regulations for payment systems Financial institutions must comply with a complex web of regulations to ensure the security and legality of payment processing.

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System Payments Fraud Regulation 195

Abrigo

FEBRUARY 6, 2025

bank and credit union regulators expect financial institutions to implement robust internal controls for managing the credit, market, liquidity, and operational and legal risks associated with investment holdings. banking regulations. You might also like this on-demand webinar, "Winning the deposit game."

Compliance 195

Compliance Technology Operations Risk Management 195

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 act has come to light in an effort to emphasize the importance of sharing the precise location information when someone dials 911. What happens if you don’t act soon?

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System Regulation Texas Compliance 348

PYMNTS

MARCH 5, 2020

One cybersecurity company’s chief technology officer told the newspaper that personal information of roughly 266,000 people was put on many websites for file sharing sites after the reported incident. The watchdog claimed it has information that the exchange was dealing in regulated activities that needed its permission.

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Regulation San Francisco Bitcoin blockchain 192

PYMNTS

NOVEMBER 23, 2020

A recent report released by the United Nations found that 132 out of 194 countries have now introduced data protection regulations of some kind, all varying in terms of what type of information they protect and the severity of their restrictions. Around The Data Protection World.

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Industry Regulation Data Study 298

PYMNTS

NOVEMBER 23, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from regulators around the world. Xavier Becerra said in the settlement announcement that Apple “withheld information about their batteries that slowed down iPhone performance, all while passing it off as an update. California will get $24.6

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Apple Regulation social media Compliance 193

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.

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Regulation Data Regional Examples 175

PYMNTS

JANUARY 25, 2021

In other news, in an attack on Indian cryptocurrency exchange BuyUCoin , hacker group ShinyHunters leaked the private information of over 325,000 users, Inc42 reported. Other reports, however, show only leaked information of 161,487 of the exchange’s users, noted Cointelegraph, citing BleepingComputer.

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Bitcoin cryptocurrency Data National 261

Abrigo

APRIL 2, 2025

For example, no checks or cards means less opportunity for criminals to steal valuable customer information from these physical items. Inconsistent or manipulated customer information: Repeated changes in names, addresses, or phone numbers across applications or accounts. However, with faster payments comes greater fraud risk.

Fraud 195

Fraud System Payments Training 195

PYMNTS

FEBRUARY 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. We have formed a working group of state regulators to develop the model. Our FinTech industry advisory panel did include a few community banks.

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Regulation Fintech Community Bank Community 147

PYMNTS

JUNE 26, 2020

Dombrovskis told the Times he will ask the 27-nation bloc’s markets supervisor to evaluate BaFin’s handling of the one-time rising star German financial technology company. “We We need to clarify what went wrong.”. A mid-July deadline for a reply from ESMA has been set, he added.

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Regulation Capital Policies Course 152

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MAY 20, 2020

European Union (EU) regulators want feedback from users and digital service providers before they craft new rules that could manage giant tech firms Google, Facebook, Amazon and Uber, Reuters reported. Facebook Founder and CEO Mark Zuckerberg published “Charting the Way Forward: Online Content Regulation.”

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Regulation social media Google Survey 131

PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide. She went on to say that “there has to be regulation. She pointed to the crypto’s use in criminal activity.

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Bitcoin Regulation Tools cryptocurrency 152

PYMNTS

APRIL 9, 2020

The cybercriminals demanded $6 million in ransom with a promise that they would not release the sensitive information of Travelex customers, including birthdates and credit card numbers. They claimed to have birthdates, credit card information and national insurance numbers and demanded the $6 million payment.

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Report Groups Data Cards 279

PYMNTS

DECEMBER 4, 2018

The agencies tied to the joint release include the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration and the Office of the Comptroller of the Currency. financial system.”.

Innovation 161

Innovation Regulation Compliance Resources 161

PYMNTS

FEBRUARY 17, 2020

increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. In the U.K.,

Regulation 140

Regulation Google Operations Company 140

PYMNTS

OCTOBER 5, 2020

Regulation. The European Union is getting ready to make Big Tech provide smaller competitors with their massive collections of customer information. Furthermore, other portions of the draft include a rule that gatekeeper platforms only have the ability to harness the information they receive for specific activities.

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Data Google Compliance Apple 229

Abrigo

JULY 9, 2024

Takeaway 2 Financial institutions will need to incorporate FinCEN's national AML/CFT priorities into their risk assessments and compliance programs. Takeaway 1 FinCEN’s proposed new AML/CFT program rule is intended to redirect AML/CFT programs to focus on the highest-risk areas, using innovative techniques and a goal-oriented approach.

Compliance 221

Compliance Fraud Regulation National 221

Abrigo

DECEMBER 26, 2024

Regulators are paying attention to whether or not financial institutions are properly staffed on a risk basis," said Abrigo Senior Financial Crime Investigator Joann Millard. Finally, FinCEN recently extended the deadlines for reporting companies to file their initial information with the new Beneficial Ownership Registry.

Fraud 195

Fraud Compliance South Dakota Resources 195

Perficient

MARCH 3, 2022

Federal bank regulators work together to design Comprehensive Capital Analysis and Review (“CCAR”) stress tests that are designed to ensure that even in the case of a severe recession, significant banks can lend to households and businesses. As repeated by federal bank regulators, the required economic scenarios are not forecasts.

Capital 294

Capital Regulation United States Exercises 294

PYMNTS

MAY 31, 2020

Uber has been approved by the National Economic Prosecutor’s Office (FNE), Chile’s antitrust regulator, to acquire the Chilean grocery shopping app Cornershop, according to an FNE statement. Although Chile has now granted permission, Mexico regulators still have not.

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Regulation Online Retail Regional 130

PYMNTS

JANUARY 8, 2021

The Cyberspace Administration of China is considering a revamping of internet oversight regulations, rules that have not been updated in more than 20 years, according to a Reuters report on Friday (Jan. The plan to revise cyberspace regulations comes at a time when China is stepping up the scrutiny of tech giants.

Online 171

Online Regulation Maine National 171

PYMNTS

AUGUST 5, 2020

Instead, they’re looking for the vast troves of personally identifiable information (PII) that merchants are building up as their client bases become more digital. The fraudsters will keep coming, and merchants who can’t provide protection will find themselves on the wrong side of their legitimate customers (and facing fines from regulators).

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Security Fraud Data Online 267

PYMNTS

MAY 19, 2020

BlockFi suffered a “temporary data breach” on May 14 that exposed some customer information, the company reported in an incident report. In other news, the government of Iran is aiming to limit digital currency exchanges with so-called “currency smuggling” regulations, CoinDesk reported. dollars and Ukrainian hryvnias.

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Data Bitcoin cryptocurrency Taxes 212

PYMNTS

DECEMBER 7, 2020

“Transparency is the European way to go,” she said, adding that the new rules are being finalized “for all digital services to cooperate with regulators and for the biggest platforms to provide more information on the way their algorithms work.” . Google said the DSA could cost the European economy €85 billion a year in GDP.

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Guidelines Google Regulation Online 217

PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. said that national policy might not be enough in terms of crypto regulation. . “We

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Bitcoin Regulation blockchain Delaware 132

Abrigo

NOVEMBER 21, 2019

The US is at a disadvantage without a national beneficial ownership registry. . CDD rule was the requirement to capture beneficial ownership information. When using several sources of information to determine beneficial ownership, it is often more effective in preventing the misuse of shell companies for criminal purposes.

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United States Regulation National Taxes 195

PYMNTS

JULY 29, 2019

Proposed regulations would give small businesses in California the nation’s most extensive set of truth-in-lending protections for small business borrowers. . APR is the only established metric that enables informed comparisons of the cost of capital over time and between products of different dollar amounts and term lengths.

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Lending California Comparison Regulation 182

Abrigo

JANUARY 3, 2024

New BOI requirements and how financial institutions can comply Here's what FinCEN's recent final rule for beneficial ownership information (BOI) reporting says and how anti-money laundering (AML) programs will access BOI information. It also creates safeguards to ensure that the information is protected. Effective Jan.

Fraud 221

Fraud Regulation Report Compliance 221

Perficient

AUGUST 16, 2023

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. Mr. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. He was promoted to President and CEO in 2008.

United States 221

United States Kansas FDIC Risk Management 221

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. Know emerging trends and red flags for terrorist financing.

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Training National Strategy Regulation 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.

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Case Study Risk Management Analysis Innovation 221