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Big Tech Compliance Tracker: Facebook Faces $6.06 Million Fine From South Korea; Big Tech Tax Becomes Due In France

PYMNTS

million of the 18 million users of the social media company in Korea was given to operators beyond Facebook without them knowing between May 2012 and June 2018. to the nation’s prosecution for a criminal probe. The French Finance Ministry has told Big Tech firms that the Digital Service Tax is now due, PYMNTS reported, citing Reuters.

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Guest Post: 2012 Economic Year in Review by Dorothy Jaworski

Jeff For Banks

Looking Back at 2012 Every year, I usually write about the past year with mixed feelings, at times nostalgic for those events and at times, glad that the year is over. 2012 brought us highs, lows, and surprises. more “promises,” and a constant flow of new money into the markets. per gallon price level rather than the $4.00

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Buying into AML risks in real estate

Abrigo

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. The real estate market is enticing to more than just new homeowners or investors. Real estate market AML risks Real estate is a proven, traditional, and well-established marketplace.

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Guest Post: Financial Markets & Economics Update by banker Dorothy Jaworski

Jeff For Banks

The markets are taking it all in stride, rallying strongly for most of this week and they seem more grateful for the prospect of a divided Congress, i.e, The markets believe the chance of tax hikes, repeals of tax cuts, and gigantic initiatives are greatly diminished. The national unemployment rate peaked at 14.7%

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Big Tech Compliance Tracker: France Fines Amazon And Google $164 Million; Australia Warns Facebook And Google To Pay News Firms 

PYMNTS

Australian Treasurer Josh Frydenberg put forward the News Media and Digital Platforms Mandatory Bargaining Code and unveiled the particulars of his roadmap for Australia to become the first nation to make online platforms pay media for news. The legislation does not specify the manner in which a payment would be handled.

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How Masabi Makes Public Transit Ticketing Mobile

PYMNTS

In a recent interview with PYMNTS, Donovan explained how the company works to replace good ol’ transit tickets in 30 global markets. s national railroad system. In 2012, we moved beyond the U.K. After finding success with Chiltern Railways, Masabi turned its attention to building a mobile ticketing system for the U.K.’s

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JPMorgan Business Report: Positive On Growth, Weary Of Economy

PYMNTS

As detailed in the 2016 JPMorgan Chase Business Leaders Outlook report, the outlook is positive on a local economy level, but nationally/globally is a little more shaky. But when looking at that from a more national perspective? National economy: 39 percent optimistic, compared to 68 percent in 2015. Taxes (28 percent).

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