PYMNTS

OCTOBER 19, 2020

Regulation. Keijzer serves as the state secretary for economic affairs and climate policy for the Netherlands, while O is the secretary of digital transition and electronic communications for France. The new regulations would also reshape the manner in which these companies collect and harness information.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

NOVEMBER 16, 2020

Regulation. Tencent Holdings President Martin Lau said further regulations are needed in China to mirror a “new reality.”. As technology companies become bigger and more important to the economy, I would say more regulations to reflect the new reality are needed," Lau said, according to the report. Larry Hogan vetoed the levy.

Maryland 151

Maryland Taxes Online Groups 151

PYMNTS

SEPTEMBER 3, 2019

In Japan, the Fair Trade Commission said last week that it has draft guidelines in place that would promote tighter regulation of larger tech firms. Taxes, Too. As reported, companies paying the French digital tax will be reimbursed once that international framework is in place. Libra in the Crosshairs.

Guidelines 116

Guidelines Regulation Taxes United States 116

PYMNTS

MARCH 19, 2018

Tax season, indeed. The regulatory landscape was dotted with news out of Europe centered on the way that tech firms do business — and how they’re taxed. As for taxes , tech behemoths under scrutiny across a separate proposal might face taxation on digital activities of as much as 3 percent of turnover.

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PYMNTS

MAY 6, 2020

The pandemic has shut down brick-and-mortar casinos in markets like the United States to help minimize risk, for example, leading consumers to turn to online casinos and sportsbooks. There is one sticking point online casinos need to fix, however, and that is the speed at which consumers receive their winnings.

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Online Taxes United States Industry 222

PYMNTS

JANUARY 26, 2018

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride.

Bitcoin 123

Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

APRIL 14, 2020

Gig workers’ rights and benefits — including healthcare and access to unemployment — have become key topics debated by regulators in th e United States as they work to figure out how to provide support. and other countries is the way consumers and regulators th ink about it.

Regulation 285

Regulation Examples United States National 285

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

PYMNTS

JANUARY 27, 2020

The change may have been telegraphed more than a year ago in October 2018, when Mick Mulvaney, who had been serving as acting director of the agency, said that the CFPB was working on a new regulation to define those practices, as reported in The Wall Street Journal. At The State Level. Digital Taxes, Abroad.

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New York Taxes California Conference 179

Abrigo

NOVEMBER 21, 2019

This was long before the United States passed legislation in 2018 to unveil the secrecy of legal entity 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. Learn More.

United States 195

United States Regulation National Taxes 195

PYMNTS

FEBRUARY 20, 2020

The bill seems part and parcel of a strategy that seeks to bring at least some forum for smaller firms to voice complaints, and perhaps even give regulators some power to shape the ways in which eCommerce giants interact with local players. That’s due in part to a sales tax boost that now has been hurting consumer spending.

Taxes 178

Taxes Google Apple United States 178

Abrigo

FEBRUARY 2, 2020

The importance of FinCEN’s Customer Due Diligence (CDD) Rule , effective May of 2018, is evident, and regulator expectations are high. The CDD Rule amended the Bank Secrecy Act regulations to strengthen customer due diligence requirements for financial institutions. BSA Rules and Regulation. In fact, the U.S. economy if the U.S.

United States 195

United States Regulation Delaware Policies 195

PYMNTS

MARCH 12, 2020

Meanwhile, as the tax authority in Australia puts digital currency traders in its sights, many people in the country will get a warning in the following weeks from the Australian Taxation Office (ATO), news.com.au Digital currencies, for their part, are seen as a property type and an asset when it comes to capital gains tax.

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Security Bitcoin Taxes United States 130

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

FEBRUARY 23, 2018

As noted by Reuters , and, in an additional statement from Citigroup, the banking giant — which is the third-largest card lender in the United States in 2016, according to the Nilson Report — disclosed the extent of the impact: 1.75 million accounts have been affected and $335 million is being refunded to consumers.

Cards 109

Cards United States Regulation Taxes 109

PYMNTS

JUNE 16, 2020

He also recommended that the Financial Stability Oversight Council (FSOC) be charged with “the responsibility to create a framework for regulating cryptocurrencies and developing guidelines for strong protections against money laundering and cybersecurity threats to those marketplaces.”.

US 227

US Cyber Security Security National 227

PYMNTS

JANUARY 3, 2020

The European Central Bank (ECB) policy maker urged area banks to be cautious about cryptocurrency from the private sector, a concern shared by various regulators and countries around the world. Drivers in the United States purchased fewer new vehicles in 2019 than in prior years but spent a record amount of money to buy them.

CA 130

CA Lending Apple South Dakota 130

PYMNTS

SEPTEMBER 14, 2018

As noted by Reuters , and in an additional statement from Citigroup, the banking giant — which was the third-largest card lender in the United States as of 2016, according to The Nilson Report — disclosed the extent of the impact: 1.75 billion that had been tallied at the end of the September quarter.

United States 134

United States Taxes Regulation Cards 134

PYMNTS

FEBRUARY 24, 2020

In Europe, the continued evolution of data policies and regulation now point toward a single market across the Continent. There is also a proposal for getting rid of EU regulations against anti-competitive data sharing. “We Breton said the plan’s cornerstone calls for the creation of a €2 billion EU cloud platform alliance.

Data 130

Data Marketing Taxes Regulation 130

PYMNTS

JANUARY 10, 2019

Top markets include Japan, the United States and Korea. Platform operators and merchants must conduct due diligence related to everything from intellectual property and tariffs to tax laws and FX rates. Chinese companies have to work with banks and regulators, increasingly on a daily basis, as they pursue outbound eCommerce.

Regulation 158

Regulation United States Compliance Strategy 158

PYMNTS

MAY 2, 2016

It’s a big litigious party out in South Dakota these days, as the state is suing four eCommerce merchants for their lost sales tax – and different merchants (in a separate suit) are suing right back. According to various reports , the case could well find itself being settled by the United States Supreme Court.

South Dakota 100

South Dakota North Dakota Taxes United States 100

PYMNTS

SEPTEMBER 16, 2019

The requests come on top of a busy week in antitrust investigations where, as has been widely reported, a group of 50 attorneys general stood on steps of the United States Supreme Court on Monday and announced an investigation into Google’s advertising practices. On the Continent — and Taxes in Sight.

social media 122

social media Google Taxes Arkansas 122

Abrigo

MARCH 3, 2023

Fraudsters will steal personal checks, business checks, tax refund checks, and checks related to government assistance programs. 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.

Fraud 195

Fraud United States Trends Software 195

PYMNTS

APRIL 5, 2017

CEO Jamie Dimon gave a mixed assessment of some of the larger issues confronting the United States, touting its strength as a nation even while “it is clear that something is wrong” with this “exceptional country.”. In his latest, much perused annual letter to shareholders, JPMorgan Chase & Co.

Taxes 115

Taxes United States Washington Policies 115

Abrigo

AUGUST 19, 2020

Imposter scams, money mule schemes, tax fraud, charity solicitations, and cybercrime exploitation methods have all found solid ground to twist a known fraud typology in something that looks legitimate during the fears of the pandemic. BSA Rules and Regulation. Top 5 Regulator Hot Topics During COVID-19 and Beyond. SBA Lending.

Fraud 195

Fraud System Trends Software 195

PYMNTS

AUGUST 12, 2020

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) netted €177 million ($207 million), up from €76 million ($89.5 The companies said in a statement that the merged entity will focus on popular sectors for food delivery, including the United States, United Kingdom, Germany and the Netherlands.

United States 132

United States Taxes Maine Online 132

PYMNTS

JANUARY 11, 2021

For its part, Paxos describes itself as a regulated financial institution that builds infrastructure to enable movement between physical and digital assets. There’s also the fact that different federal agencies are simultaneously drafting and enforcing conflicting regulations. This is a really seismic shift.”.

blockchain 193

blockchain Bitcoin Regulation System 193

Abrigo

NOVEMBER 19, 2019

This makes the financial industry, particularly federally insured and regulated financial institutions, cautious when opening their doors to MRB clients, either direct or indirect. The STATES Act is similar to the MORE Act without the social justice aspect and also has not been approved in the House of Representatives. get started.

Regulation 150

Regulation United States Industry Training 150

Abrigo

SEPTEMBER 20, 2023

Given the current economic climate in the United States, it is essential to understand the effect personal financial security has on 1 st -party fraud. Regulators will be expecting this as they examine institutions for FinCEN priority preparedness. The scam here is an inside job, making it inherently more elusive.

Fraud 195

Fraud Cards Trends Software 195

Abrigo

AUGUST 19, 2020

Imposter scams, money mule schemes, tax fraud, charity solicitations, and cybercrime exploitation methods have all found solid ground to twist a known fraud typology in something that looks legitimate during the fears of the pandemic. BSA Rules and Regulation. BSA Rules and Regulation. Card Fraud. Financial Cybersecurity.

Fraud 195

Fraud System Trends Software 195

PYMNTS

APRIL 2, 2018

Here in the United States, tax season looms, of course, which may put additional pressure on cryptos. The secretary of the Commonwealth in Massachusetts has put the brakes on five initial coin offerings in that state. Sandboxes are finding their way into the FinTech arena in the United States.

United States 110

United States social media Arizona cryptocurrency 110

Abrigo

NOVEMBER 19, 2019

This makes the financial industry, particularly federally insured and regulated financial institutions, cautious when opening their doors to MRB clients, either direct or indirect. The STATES Act is similar to the MORE Act without the social justice aspect and also has not been approved in the House of Representatives. we can help.

Regulation 150

Regulation United States Industry Training 150

PYMNTS

JANUARY 1, 2021

Cross-border online sales in the United States as a share of total eCommerce surged by 40 percent in May compared to the same month in 2019, and the rate of growth was six times higher than in the previous month. regulations.”. There was another inconspicuous but remarkable dimension to these trends, however. Credit Union.

Trends 259

Trends Video Retail Payments 259

PYMNTS

FEBRUARY 21, 2018

It’s surprisingly common for the information settlement mechanism like SWIFT to be on a separate ledger from the payment settlement mechanism, which is the system more likely to be scrutinized by the bank’s internal controls, as well as the various audits, including inspection by regulators.”. “In United States.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

Abrigo

SEPTEMBER 10, 2021

Takeaway 2 The USA PATRIOT Act was the first legislation that criminalized terrorist financing in the United States. BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. BSA Rules and Regulation. BSA Rules and Regulation.

Training 195

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Abrigo

JULY 12, 2021

This is a growing concern worldwide and is a growing threat in the United States. The report shines a light on corruption, tax fraud, drug trafficking, and labor trafficking as being linked to environmental crime. BSA Rules and Regulation. AML Professionals and executives alike, hold on tight. Learn more. BSA Training.

Training 195

Training Policies United States Report 195

PYMNTS

OCTOBER 21, 2019

Apple doesn’t have a huge share of the Indian market, partly because of regulations that serve a 20 percent tax on imported high-end phones like the iPhone. Ever since the ongoing trade war between the United States and China , Apple has been looking at other places to produce its phones.

Apple 102

Apple United States Taxes Regulation 102