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Libra Forces Cryptocurrency Regulators To Reexamine Procedures

PYMNTS

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Between 2008 and 2018, approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance. financial services firms is $26.4

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Global cash flow analysis – common mistakes & helpful hints

Abrigo

Not analyzing (or requesting) all of the necessary tax forms Tax returns and their supporting schedules are vital to performing a GCF analysis correctly. This may involve integrating multiple partnership and corporate tax returns, business financial statements, K-1 forms, and individual tax filings. Learn More.

Analysis 195
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Tech Cos Making M&A Deals Amid Pandemic

PYMNTS

Giant tech companies are seeking deals at their fastest pace in years, fueled by COVID-19 despite an increase in scrutiny by regulators. The Financial Times reported Google, Amazon.com, Apple Inc. Facebook and Microsoft Corp. This represents the fastest pace of acquisitions and strategic investments since 2015.

New York 132
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BIS Warns About Corporate Borrowing

PYMNTS

In fact, BIS said the boost in borrowing in recent years by businesses with low credit scores could cause a crisis like the one that led to the 2008 banking crash. While firms in the U.S. — and, to a lesser extent, the U.K. have accounted for the bulk of the issuance, holdings are spread out more widely.

Taxes 128
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The Velocity of Risk – What Bankers Need To Know

South State Correspondent

Banks that are looking to enhance their risk management practices should consider incorporating the concept of the velocity of risk into their enterprise-wide risk management practices. In this article, we explore why and how banks are starting to incorporate the “velocity of risk” into their risk management practices.

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The Gig Economy Gets Its Props

PYMNTS

“Gig workers cannot function and will leave marketplace platforms if they are not being appropriately compensated,” Todd McGuire, general manager of supplier success for Tipalti told PYMNTS. It may sound like 2008 all over again, but this is different. You cannot expect to pay them net 30 as you would a traditional supply chain.

Taxes 143
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Cash Flow A Tough Lesson To Learn For SMBs

PYMNTS

According to Intuit General Manager Alex Chriss, cash flow is a life-or-death factor for a company. ” In another statement, Euler Hermes Americas CEO and President James Daly said uncertainties and market risks have their own impact on organizations’ ability to manage cash flow, too. Fifty-two percent of U.S.

Survey 158