PYMNTS

OCTOBER 7, 2019

Merchants in the European Union (EU) are still wondering exactly what changes the regulation will bring when it comes to their relationships with customers. It is still a matter of debate on what exemptions, innovations and changes can be left up to national authorities — and what cannot. Around the PSD2 and GDPR world.

Regulation 134

Regulation Trends Compliance National 134

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. Intermediaries refer to the variety of financial relationships beyond customers and counterparties that allow activities by, at, or through the institution.

Compliance 221

Compliance Fraud Regulation National 221

PYMNTS

APRIL 16, 2019

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation. The banks have also agreed to share data on emerging markets. .

Fintech 211

Fintech San Francisco National Innovation 211

PYMNTS

NOVEMBER 3, 2020

national security.”. "On 1), the tech giant referred to the possible effects of legal proceedings and global regulations and how those could impact its operations and financial conditions. Critics have charged that the company’s main purpose is to sue big companies for infringing on patents that it owns.

Apple 226

Apple Nevada Texas Maine 226

PYMNTS

APRIL 26, 2016

Bitstamp has stamped its name in the record books in the EU for being the first company of its kind to secure a national license to operate as a bitcoin exchange. The company was awarded a license by the Luxembourg government, which recognizes it as a fully regulated, licensed exchange. That included security reviews and audits.

Bitcoin 100

Bitcoin National Security Regulation 100

PYMNTS

OCTOBER 16, 2018

So, it is in far-flung corners of the globe where, in recent days, regulators and cross-border efforts have promoted a bit of cross-pollination between tech-savvy upstarts and more entrenched players in the financial arena. At times, that collaboration even moves with a bit of regulatory underpinning.

Fintech 188

Fintech Regulation cryptocurrency Innovation 188

PYMNTS

AUGUST 19, 2019

The Australian Securities and Investments Commission (ASIC) is just weeks away from filing lawsuits against the country’s biggest banks, as the regulator increases its active investigations, Reuters reported on Monday (Aug.

Regulation 109

Regulation Groups Report National 109

PYMNTS

JUNE 10, 2016

As a general rule, most startups aren’t too happy when the regulator comes around, and it is rarely indicative of good news. And while that is bad news for a startup like Uber, as it turns out, instinctive fear of the regulator is not an endemic condition among startups.

Regulation 100

Regulation National Austin Fintech 100

PYMNTS

JULY 13, 2018

South Korean financial regulators said a unit of Samsung , Samsung BioLogics , intentionally breached corporate accounting rules, Reuters reported Thursday (July 12). The parties will be further investigated.

Samsung 100

Samsung Regulation Report National 100

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

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

Chris Skinner

JUNE 8, 2017

As Nick pointed out, historically clearing payments through BACS, CHAPS and the other national networks were controlled by a range of banks but, through consolidation, mergers and acquisitions, we have ended up in a position where only the Big 4 banks offer clearing services.

Branding 206

Branding Meeting System Regulation 206

PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

Payments 240

Payments Tools Security Regulation 240

CFPB Monitor

MARCH 11, 2020

Take steps to promote the broad adoption of SOFR (citing reports indicating “that industry has recently pushed for regulators to rubber-stamp the use of additional alternative reference rates”). Remain committed to the adoption of a replacement index that is based on actual transaction data.

New York 78

New York National Groups Community 78

PYMNTS

JULY 28, 2020

Currency-restricted nations may prohibit residents from keeping or using foreign currencies or limit how much can enter their countries, so payments in nonlocal currencies could be more complicated for these sellers to accept and process. . Complying With Payments Regulations.

Marketing 159

Marketing Regulation National Operations 159

Abrigo

MAY 30, 2024

The National Adult Protective Services Association defines EFE as the misuse or theft of assets belonging to a vulnerable adult for another person's benefit, often occurring without the senior's explicit knowledge or consent. The National Council on Aging estimates the annual cost of elder fraud to be closer to $36.5

Fraud 221

Fraud Training Trends National 221

CFPB Monitor

JANUARY 24, 2022

SoFi) to create SoFi Bank, National Association (SoFi Bank, N.A.), as a full service national bank headquartered in Cottonwood Heights, Utah. The bank will also provide a fully digital, mobile-first national lending platform for consumers across the country.

National 78

National Fintech Company FDIC 78

PYMNTS

APRIL 12, 2018

India’s Punjab National Bank (PNB) is conducting an internal investigation into an alleged $2 billion fraud, vowing to come down on anyone involved in the crime. “We They come only for a short period of time and they go and basically see data only on the CBS,” said Mehta, referring to PNB’s core banking software. I don’t blame them.

National 100

National Fraud Maine Software 100

Abrigo

APRIL 23, 2015

OCC guidance on Community Bank Supervision states all national banks must receive a full-scope, on-site exam at least annually. A similar bill, commonly referred to as the Small Bank Exam Cycle Reform Act of 2015 , was introduced by Rep. It would also allow examiners to focus more attention and resources on the nation’s riskier banks.

Community Bank 150

Community Bank Community Survey FDIC 150

PYMNTS

FEBRUARY 14, 2018

In reference to corporate governance, Wells has two months to boost board oversight and compliance efforts. There’s a lot of different metrics that you look at, but they’re all pointing to a slow but steady recovery,” he said, without giving any specifics. Wells can still lend and take deposits.

Regulation 100

Regulation Conference Compliance Lending 100

Abrigo

DECEMBER 10, 2021

This update clarifies that banking regulators and FinCEN understand that no specific customer type automatically falls into a higher risk category. Remember, regulators use this instruction manual when they conduct an examination. BSA Rules and Regulation. The importance of updating your AML program. Looking ahead. BSA Training.

Training 195

Training Regulation Policies ATM 195

PYMNTS

OCTOBER 1, 2018

Business lending in Australia probably won’t face tougher loan regulation when it comes to small business loans. But instead of making recommendations, the report pondered if better enforcement of the law, as well as a simplification of those regulations, would help enforce it more effectively.

Lending 135

Lending Regulation National Report 135

Abrigo

NOVEMBER 18, 2019

It spares financial institutions, federal home loan banks, insurers, and their employees who provide banking services to state or tribe licensed CRBs or MRBs from prosecution under federal law or regulation. The bill was received in the Senate in September and has been referred to the Committee on Banking, Housing, and Urban Affairs.

Regulation 150

Regulation Community National Operations 150

PYMNTS

MARCH 12, 2019

The Australian Securities and Investments Commission (ASIC) is criticizing top Australian banks for what the regulator said is an inefficient process of reviewing internal systems that allowed the banks to charge excess fees to customers. The Royal Commission has referred two dozen cases for regulators, which could result in prosecution.

Regulation 108

Regulation National Resources Security 108

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 final rule also requires a third party relying on either of two Designated Exceptions (referred to as the “25 percent test” and the “enabling transactions test”) to provide written notice to the FDIC.

FDIC 78

FDIC Resources Regulation Compliance 78

CFPB Monitor

JULY 9, 2020

The agency would first offer “Payments Charter 1.0”, which he likened to a basic national money-transmitter license. According to Acting Comptroller Brooks, a national payments charter would align with the OCC’s role, which is to create and support national financial services platforms. would add, the initial Payments Charter 1.0

National 78

National Company Payments New York 78

PYMNTS

APRIL 10, 2019

Wells Fargo , the embattled national bank that is still reeling from a 2016 fake account scandal, is having a hard time recovering and rebuilding its reputation, leaning on cost cuts amid declines in revenue. The spokeswoman was referring to the year in which Wells Fargo reached a settlement with regulators over the fake accounts.

National 144

National Capital Regulation Report 144

PYMNTS

MARCH 9, 2020

For example, if a merchandise manager needs to set inventory levels for a national chain, several participants can view the data – including the supplier, if they are on the permission list for that block. That is why blockchain is referred to as being distributed or decentralized. based tech site.

blockchain 212

blockchain Retail Data Management 212

PYMNTS

DECEMBER 9, 2019

It’s a national imperative,” said Hundt, leader of the agency from 1993 to 1997, on “ Squawk on the Street.” The regulators felt that the merger could adversely impact wireless competition, and ultimately harm consumers. Building out 5G networks is imperative to the U.S., He added that there are two ways the U.S.

US 130

US Mobile Regulation Meeting 130

Abrigo

DECEMBER 10, 2019

According to the National Council on Aging (NCOA) this heartless crime is most likely under-reported due to the victims’ fear, shame and embarrassment. What’s now being referred to as the “Age Wave”, 10,000 baby boomers are turning 65 every day until 2030, creating an even larger pool of potential victims for fraudsters and scammers.

Fraud 284

Fraud Study United States Training 284

CFPB Monitor

NOVEMBER 22, 2022

As previously reported in February 2019 federal regulators issued a joint final rule (the “Joint Final Rule”) to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (the “Act”) that require regulated financial institutions to accept private flood insurance policies.

Policies 148

Policies Meeting Exercises Regulation 148

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. In the case of most open-source and commercial components, the NIST National Vulnerability Database provides a continuously updated list of known or suspected vulnerabilities.

Compliance 332

Compliance Security Software System 332

PYMNTS

MARCH 18, 2019

But with education, employment, criminal and other records being heavily regulated and difficult to gather, verifying consumers can be a time-consuming and expensive process. For more thorough background check reports, Authenticating will refer customers to trusted industry leaders.

Fraud 108

Fraud Knowledge Base Regulation Data 108

Abrigo

MARCH 3, 2023

Fraud, including check fraud, is the largest source of illicit proceeds in the United States and is one of the anti-money laundering/countering the financing of terrorism (AML/CFT) National Priorities. We can help you navigate changing AML/CFT and fraud regulations. Mail since the COVID-19 pandemic. Talk to a specialist to learn more.

Fraud 195

Fraud United States Trends Software 195

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

PYMNTS

AUGUST 22, 2019

Any addresses deemed to be associated with foreign narcotics operators are added to the Specially Designated Nationals (SDN). Treasury Secretary Steven Mnuchin has said that his department will use “very, very strong” regulations to ensure that bitcoin and other cryptocurrencies don’t become “the equivalent of Swiss-numbered bank accounts.”.

United States 116

United States cryptocurrency US Bitcoin 116

PYMNTS

MARCH 29, 2017

Currently, Uber is waiting on a court decision to find out how it will be regulated throughout Europe: as a transport service or a digital platform. The ruling would determine if Uber is a transport service, meaning it would have to follow the same labor and safety regulations as traditional taxi services.

Regulation 100

Regulation Maine Operations National 100