FICO

OCTOBER 26, 2017

This article is from Michael Blicker , a senior consultant in FICO's compliance solutions group. You would think one system would be enough to manage foreign tax compliance. In 2010 the IRS (Internal Revenue Service) started to define the details of FATCA (Foreign Account Tax Compliance Act). Life did not get easier.

Taxes 53

Taxes Compliance Report US 53

Bank Innovation

JANUARY 19, 2018

EXCLUSIVE – Since its launch in 2010, Citi Ventures has focused on investments that are strategic to its parent, the global financial services provider Citigroup. But when your parent company is a bank that spans the world, you can get involved with a lot of things.

Company 284

Company Capital blockchain cryptocurrency 284

PYMNTS

DECEMBER 23, 2018

The former senior vice president at Mastercard will oversee tZERO’s legal, regulatory, public policy and compliance functions. The Giving Pledge, which was started by Warren Buffett and Bill Gates in 2010, has also been signed by Elon Musk, Ray Dalio, Bill Ackman and Michael Bloomberg, along with more than 150 others.

Bitcoin 164

Bitcoin Compliance Regulation Security 164

Perficient

MARCH 3, 2022

The federal regulators’ scenarios include baseline and severely adverse scenarios, as described in the OCC’s rule that implements stress test requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). dollar against those countries’ currencies.

Capital 294

Capital Regulation Exercises United States 294

Chris Skinner

MARCH 21, 2017

So it surprised me little when I saw the headline in yesterday’s Guardian: British banks handled vast sums of laundered Russian money The article claims that 17 UK banks, including RBS and HSBC, helped Russian criminals with links to the KGB and Vladimir Putin to launder up to $80 billion between 2010 and 2014.

Compliance 291

Compliance System Policies Fraud 291

Bobsguide

MARCH 23, 2022

With Boersma’s addition, Meradia will expand its Investment Performance practice to include advisory services related to Global Investment Performance Standards (GIPS®) compliance, implementation, and pre-verification as well as investment performance regulation. Boersma, CFA.

Compliance 78

Compliance Regulation Training Strategy 78

Insights on Business

JULY 20, 2018

When IBM acquired OpenPages in 2010, it was widely recognized as a pioneer and market leader in governance, risk and compliance software. Since the acquisition in 2010, IBM has continued to drive innovation and leadership in risk and compliance and industry leaders have taken note. IBM RegTech Innovations.

Risk Management 96

Risk Management Management Compliance New York City 96

PYMNTS

MARCH 6, 2020

The CFPB, which was created in 2010 as part of the Dodd-Frank financial reform legislation, has the power to petition whistleblowers to speak out, but does not currently have the capability to pay them for their tipoffs.

Compliance 156

Compliance Lending US Report 156

Bank Innovation

FEBRUARY 6, 2019

In 2010, when Patrick Collison founded Stripe Inc. with his younger brother John, he thought the world was headed toward ever-increasing globalization, economic stability and international commerce. Now, based on the events of the last couple years, no one holds “so Panglossian a view,” said the 30-year-old chief executive officer.

Operations 170

Operations Google Capital Online 170

Insights on Business

JULY 18, 2018

When IBM acquired OpenPages in 2010, it was widely recognized as a pioneer and market leader in governance, risk and compliance software. Since the acquisition in 2010, IBM has continued to drive innovation and leadership in risk and compliance and industry leaders have taken note. IBM RegTech Innovations.

Risk Management 70

Risk Management Compliance New York City Innovation 70

PYMNTS

MAY 23, 2019

The software, which was put in place around 2010, was supposed to look for suspicious patterns of payments processed by its corporate and investment banking clients. Hermes EOS , an investment advisor, warned that while Deutsche had improved its control and compliance functions, there has not been “enough focus and investment in this area.”

Software 123

Software Compliance Regulation Meeting 123

PYMNTS

FEBRUARY 25, 2020

Yet when Tipalti Co-founder and CEO Chen Amit stepped into the ecosystem to tackle accounts payable (AP) friction, he was frankly surprised that there hadn’t already been a solution designed to address the multitude of pain points businesses faced back in 2010 – and continue to face today. A Challenging Remedy for Obvious Pain Points.

Compliance 184

Compliance Taxes Fintech Resources 184

Abrigo

JANUARY 1, 2016

The Act, announced in 2010, requires or authorizes federal agencies to issue rules to strengthen the financial services industry. Those interviewed cited an increase in compliance burdens , which includes “increases in staff, training and time allocation for regulatory compliance and updates to compliance systems.”

Community Bank 150

Community Bank Community Compliance Training 150

PYMNTS

JUNE 20, 2019

Court filings say that from 2009 to 2010, Walmart Brazil intentionally and knowingly fed false information to its parent company, which was aware of the malfeasance. Walmart valued international growth and cost-cutting over compliance,” Charles Cain, Chief of the SEC Enforcement Division’s FCPA Unit.

Virginia 108

Virginia Compliance New York System 108

CFPB Monitor

DECEMBER 22, 2020

If entered by the court, the stipulated final judgment and order will require Alder to pay a $600,000 civil money penalty, to provide proper risk-based pricing notices under the FCRA, and to submit a comprehensive compliance plan to the Bureau.

Arkansas 78

Arkansas Company Compliance System 78

ATM Marketplace

APRIL 13, 2017

When new ADA regs were released in 2010, touch screens in self-service devices weren't that much of a thing. They are now, and determining what compliance means for kiosk applications can be a problem, as part 2 of our series on ADA compliance explains.

Compliance 51

Compliance 51

PYMNTS

APRIL 8, 2019

His job includes oversight of the payment card network’s legal affairs, public policy, corporate governance and compliance. “He He took over as chairman in 2014 and had served on the board of trustees since 2010. Murphy has served on the group’s board of trustees since 2015. Mastercard hired Murphy in 2000.

National 122

National New York City New York Leadership 122

Abrigo

JANUARY 9, 2017

While data management, q-factors and segmentation are important as institutions transition to CECL, effectively evaluating and justifying the impaired loans is crucial as institutions meet compliance today.

Analysis 150

Analysis Policies Compliance Meeting 150

Insights on Business

APRIL 21, 2017

Adapting quickly and efficiently to the compliance obligations brought about by changing regulations is a business requirement that demands urgent attention. Estimates suggest the financial services industry spends over $270 billion every year on regulatory compliance. Companies require cognitive systems that can learn and adapt.

Technology 156

Technology Compliance Regulation Training 156

Abrigo

SEPTEMBER 14, 2022

The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager. It isn’t just a compliance program problem or a data management problem. A Decade in the Making.

Lending 195

Lending Data Regulation Community 195

CFPB Monitor

MARCH 17, 2021

In accordance with Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the FDIC is calling on its supervised institutions with 100 or more employees to submit voluntary self-assessments of their diversity policies and practices.

FDIC 78

FDIC CA Policies Compliance 78

PYMNTS

JANUARY 23, 2019

Other banking partners for R3 include BNP Paribas and Deutsche Bank, with R3 focusing on deploying Corda to create compliance solutions in areas like Know Your Customer (KYC) for financial institutions. In a statement at the time, ING acknowledged “serious shortcomings” in its due diligence efforts between 2010 and 2016.

blockchain 128

blockchain Tools Compliance Operations 128

PYMNTS

JANUARY 25, 2019

By debiting the bank accounts of its users without authorization, the company violated the Consumer Financial Protection Act of 2010, the Bureau claimed. The company also is prohibited from initiating electronic fund transfers without valid permission through the terms of a consent order.

Analytics 122

Analytics Compliance Online Company 122

PYMNTS

DECEMBER 19, 2018

To try and combat this, the 2010 Dodd-Frank financial reform law made it a requirement for the SEC to collect data and analyze rating firms’ decisions so it could head off another financial catastrophe. Those entities and their elevated ratings of mortgage-backed securities, analysts say, were gasoline for the U.S. housing bubble fire.

Regulation 128

Regulation Data Analysis Compliance 128

CFPB Monitor

JUNE 2, 2020

million to resolve a Securities and Exchange Commission (SEC) probe into its compliance with the Foreign Corrupt Practices Act (FCPA). In its 2018 annual report , World Acceptance stated that the investigation addressed whether and to what extent improper payments were made from 2010 to 2017 by a Mexican subsidiary to government officials.

South Carolina 78

South Carolina Compliance Operations Company 78

PYMNTS

FEBRUARY 4, 2019

It did this in hopes that such groups would implement their own high standards and raise the bar for stricter compliance requirements. authorities, ING admitted that criminals had laundered money through its accounts between 2010 and 2016 because of “serious shortcomings” in enforcing due diligence policies.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

SEPTEMBER 27, 2016

Concurrently, Walmart is reportedly also upping delivery compliance requirements in North America from 90 percent to 95 percent. Walmart first announced delivery compliance standards in 2010, which required items “must arrive by date” (MABD) for all merchandise from suppliers, who were given six months to comply. The good news?

Ohio 100

Ohio Guidelines Texas Compliance 100

PYMNTS

MARCH 21, 2017

The Guardian’s report is based on a review of documents that “show that at least $20bn appears to have been moved out of Russia during a four-year period between 2010 and 2014.”. Typically the compliance and investigations department is treated like an unwanted step-child.

Compliance 109

Compliance Training Operations America 109

PYMNTS

OCTOBER 27, 2016

“We want to be known as the WhatsApp of Money,” said Brion Nazzaro, group compliance director at WorldRemit. Founded in London in 2010 — just within the same year that PYMNTS was founded — WorldRemit is a digital money transfer service helping people send money to their friends and family across the globe.

Mobile 100

Mobile Denver Compliance National 100

PYMNTS

MAY 2, 2016

Tax cheats cost the government as much as $458 billion annually, according to data tabulated between 2008 and 2010. In addition, the voluntary compliance rate, which is a measure of how taxes owed compare with taxes paid in full and on time, should reach nearly 82 percent.

Taxes 100

Taxes US United States Fraud 100

PYMNTS

SEPTEMBER 7, 2018

As of now, the central bank is tasked with looking over the compliance of banks to capital standards as well as other financial stability-related regulations. Monitoring money-laundering, however, is usually handled at the national level. VEON acknowledged the illegal activities and agreed to its own $795 million settlement with U.S.

Regional 109

Regional Compliance Regulation Meeting 109

Abrigo

SEPTEMBER 20, 2021

The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager. public utilities credit. securities credit. incidental credit. credit secured by certain investment properties.

Lending 195

Lending Data Compliance Regulation 195

South State Correspondent

MARCH 14, 2024

If your duration is too long or your BSA compliance is weak, those aren’t good things, but that is not how the bank is going to fail. Blockbuster produced near-record traffic at 3.5mm customers and revenue of around $5B in 2008 only to see both drop to near-zero by 2010 when it had to declare bankruptcy.

Innovation 195

Innovation Strategy Capital Comparison 195

Abrigo

OCTOBER 17, 2019

Excel tips blogger Debra Dalgleish on her Spreadsheet Day blog claims credit for starting the holiday in 2010 after realizing that despite plenty of other obscure holidays like Pickle Day and Pi Day, there was no designated day to celebrate Excel and other spreadsheets people use in their everyday lives.

San Antonio 150

San Antonio Analysis Study Compliance 150

PYMNTS

JANUARY 19, 2017

State Street agreed to improve compliance at the firm and keep a corporate monitor as part of the deal. From 2010 to 2011, prosecutors contend the two added secret commissions to fixed-income and stock trades for the six customers.

Boston 100

Boston Compliance Security Management 100

CFPB Monitor

JULY 5, 2022

The OCC’s 2010 handbook does not account for new statistical analyses and methods for analyzing potential redlining since it was issued and therefore lacks specificity on how examiners should build on OCC economists’ statistical analyses and conclusions when conducting a redlining review.

Lending 78

Lending Report Policies Handbook 78

PYMNTS

AUGUST 7, 2017

Europe is one market catching up to the leaders, though, as regulators look to eInvoicing to combat fraud and promote tax compliance. Keeping in mind a mix of Europe’s both private and government-funded, single-payer healthcare market, that compliance complexity can increase.

Taxes 108

Taxes Regulation Compliance Industry 108