PYMNTS

AUGUST 29, 2019

Cornell University tops the Coinbase 2019 Leaders in Crypto Education list, currently offering 14 classes on cryptocurrency and/or blockchain. In other news, Portugal’s Tax Authority has announced that both cryptocurrency trading and payments in crypto will not be taxed in the country.

Course 116

Course Taxes Bitcoin blockchain 116

PYMNTS

NOVEMBER 4, 2019

have resulted in a delay for legislation that is now in draft form, which would include a provision to tax larger tech firms that derive sales from the region. The bill has proposed a 2 percent tax on revenues for firms as diverse as Facebook and Amazon. within the first six months of 2019. “If

Taxes 101

Taxes Fraud Data Regional 101

PYMNTS

SEPTEMBER 12, 2019

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. A 2019 study underscored this point, discovering that even though the AML software market is slated to grow 15.25 The drivers of AML initiatives in the U.S.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

FEBRUARY 13, 2019

The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. In addition, taxes generated by the industry grew by nearly 8 percent last year. Last year, regulated marijuana sales in Colorado were nearly $1.55 billion the previous year.

Industry 155

Industry Colorado Taxes California 155

PYMNTS

MARCH 1, 2020

s audit regulator, announced plans this week to break up the dominance of the largest four accounting firms, Deloitte, EY, KPMG and PwC , according to the Financial Times. The regulator issued letters to those firms, known as the Big Four, Thursday. The Financial Reporting Council (FRC), the U.K.’s

Regulation 230

Regulation Taxes Industry Policies 230

PYMNTS

MAY 8, 2020

Supreme Court decision allowed sports betting in 2018 and inspired 2019 laws that govern the fledging industry in 10 states and set guidelines such as how online casinos can operate and how sports betting would be taxed. percent that month compared to March 2019, its online gaming revenues over the same period increased 65.7

Online 176

Online Industry New Jersey Pennsylvania 176

CFPB Monitor

JANUARY 24, 2020

On December 18, 2019, the New York Department of Financial Services (DFS) issued its Final Regulations detailing the business conduct rules for mortgage loan servicers. These regulations will require implementation of additional New York-specific communications and servicing procedures. Effective Date. Escrow Accounts (§ 419.2).

New York 78

New York Regulation Payments Compliance 78

PYMNTS

APRIL 26, 2019

The Indian government has drafted a bill that would ban cryptocurrencies and attempt to regulate any official digital money, according to reports. . The idea is to ban the “sale, purchase and issuance of all types of cryptocurrency,” according to an unnamed government source cited by The Economic Times. .

cryptocurrency 182

cryptocurrency Taxes Regulation Leadership 182

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Corporate buyers that have gathered enough information on potential business partners then need to answer to regulators.

Data 166

Data Management Taxes Meeting 166

PYMNTS

JULY 26, 2020

“Our charter application incorporates truly novel ideas that have received detailed scrutiny from multiple regulators,” Caitlin Long , CEO and founder of Avanti, said in the release. Wyoming allowed the chartering of special services depository institutions (SPDIs) in 2019 and began accepting applications for them in October 2019.

Wyoming 153

Wyoming cryptocurrency Regulation blockchain 153

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community. ” .

Compliance 186

Compliance Regulation blockchain Taxes 186

CFPB Monitor

MARCH 14, 2019

The CFPB’s Winter 2019 Supervisory Highlights discusses the Bureau’s examination findings in the areas of automobile loan servicing, deposits, mortgage loan servicing, and remittances. However, the servicer charged late fees based on a percentage of the full periodic payment of principal, interest, taxes, and insurance.

Taxes 68

Taxes Leadership Policies Exercises 68

PYMNTS

NOVEMBER 27, 2018

Atiku Abubakar, a 2019 presidential candidate in Nigeria, said he will support cryptocurrency and blockchain if he becomes the country’s next leader, according to the Daily Post. Abubakar added that regulation will “provide clarity” and allow for jobs and income for Nigeria.

blockchain 193

blockchain cryptocurrency Bitcoin Ohio 193

PYMNTS

OCTOBER 5, 2020

Regulation. The General Court judgment raises important legal issues that are of relevance to the Commission in its application of State aid rules to tax planning cases,” Executive Vice President Margrethe Vestager said in the statement. Data Activist: Big Tech Not Following Transatlantic Data Transfer Regulations. 25 statement.

Data 229

Data Google Compliance Apple 229

FICO

JANUARY 18, 2019

Despite advances in customer due diligence, including the addition of advanced analytics to compliance officers’ toolkits, the scandals of 2018 confirmed that many banks are struggling to bring their operations up to regulators’ standards, to say nothing of best practices. Many financial institutions, however, still take this manual approach.

Compliance 40

Compliance Regulation Taxes Analytics 40

PYMNTS

NOVEMBER 7, 2019

The shortcomings were pointed out by Prudential Regulation Authority regulators. HSBC posted an 18 percent loss in pre-tax profits for the third quarter of 2019 compared to the same period last year, reports said. billion in pre-tax profits, below analyst expectations, with revenue at $13.36 The quarter posted $4.8

Compliance 101

Compliance Fraud Taxes Regulation 101

PYMNTS

SEPTEMBER 12, 2019

billion — 91 percent — of those penalties, while European regulators demanded $1.7 FinTechs could face these same financial pains as regulators increasingly demand that they follow the compliance rules to which FIs must adhere. A report found that the U.S. imposed a full $23.52 billion and the Middle East levied $9.5 million. .

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

OCTOBER 7, 2019

Reuters reported that Congress is not likely to pass a federal data protection bill in 2019. One key state law that is in place, and which help inform other laws, as has been reported, exists with the California Consumer Privacy Act , which in turn can be traced to the General Data Protection Regulation (GDPR) mandated by the European Union.

California 134

California Taxes Data Regulation 134

Abrigo

NOVEMBER 21, 2019

This was brought to light by the Panama Papers and Paradise Papers, the history making data leaks which exposed many individuals across the globe as the beneficial owners of tax haven shell companies, including prominent United States citizens. BSA Rules and Regulation. BSA Rules and Regulation. The Need for a FinCEN Database.

United States 195

United States Regulation National Taxes 195

PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. ” and an overall rise in complexity of current regulations. ” Technological Troubles.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. 1: Instant disbursements as a percentage of all non-tax disbursements in the U.S. percent in 2019 and 9.5 Fast Fact No. are growing — but slowly. percent as of 2018.

Trends 306

Trends Study Taxes Payments 306

PYMNTS

JANUARY 2, 2020

The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 The new regulation went into effect on Jan. 50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. .

Cards 130

Cards blockchain Cyber Security Retail 130

PYMNTS

OCTOBER 31, 2019

Regulators must approve it as well. The bank has had a tumultuous 2019, facing increased attention from regulators as well as scrutiny from investors, who are concerned about bad loans , lack of lender regulation and availability of capital. The deal is still awaiting approval by the bank’s shareholders and the board.

Regulation 100

Regulation Taxes Maine Capital 100

PYMNTS

JUNE 29, 2020

We predict dozens of corporate failures, hundreds of job losses and significant reductions in tax payments, unless it is removed right away,” the EPA said in a letter to the FCA, Reuters reported. The Emerging Payments Association (EPA), an industry trade group, urged the FCA to lift its Wirecard freeze as soon as possible. “We

Taxes 223

Taxes Report Financial Technology Digital Banking 223

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 Secure and Fair Enforcement (SAFE) Banking Act of 2019, H.R. THC or less and does not get the user high. get started. What is expected from these bills?

Regulation 150

Regulation United States Industry Training 150

PYMNTS

MARCH 9, 2020

At the tail end of 2019, Tesco had begun looking at options for its Malaysia and Thailand businesses, including the potential for sales. billion, prior to taxes and other charges. The arrangement still must receive approval by regulators in Malaysia and Thailand. Tesco said the deal’s net cash proceeds will arrive at $10.3

Groups 130

Groups Taxes Resources Operations 130

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 Secure and Fair Enforcement (SAFE) Banking Act of 2019, H.R. THC or less and does not get the user high. we can help. What is expected from these bills?

Regulation 150

Regulation United States Industry Training 150

CFPB Monitor

DECEMBER 28, 2020

The refundable tax credit is $600 per taxpayer (or $1,200 for married filing jointly), in addition to $600 per qualifying child. The individual tax credit is half as much as the CARES Act provided last March ($1,200), but the tax credit per qualifying child is $100 more than the CARES Act allotted ($500). Other EIPs (e.g.,

Taxes 148

Taxes Payments Regulation Groups 148

PYMNTS

OCTOBER 28, 2019

HSBC posted an 18 percent loss in pre-tax profits for the third quarter of 2019, compared to the same period last year, reports said. billion in pre-tax profits, below analyst expectations, with revenue at $13.36 Losses at some HSBC businesses are causing the bank — Europe’s largest — to restructure, CNBC reported Monday (Oct.

Taxes 101

Taxes Operations Groups Report 101

PYMNTS

JULY 23, 2019

The social media company has teamed up with Sony Music Entertainment to feature music content, and aims to reach three million users in 2019 and 20 million by January 2021. Vietnam said in January that Facebook violated Vietnamese law in how it managed online content, advertising and taxes. Gapo has received 500 billion dong ($21.55

social media 116

social media Mobile Taxes Compliance 116

PYMNTS

JULY 6, 2020

It inspired 2019 laws that govern the industry in 10 states and set guidelines such as how digital casinos can run or how sports betting would be taxed. This year was forecasted to be gainful for digital sports betting as it was the first one following the creation of the regulations.

Online 142

Online Guidelines Comparison Taxes 142

PYMNTS

OCTOBER 29, 2019

Tax regulators in China granted approval for Tencent to lead an initiative aimed at developing international standards for invoices sent via blockchain-based platforms, reports said. Dubbed “General Framework of DLT-Based Invoices,” the project will also see support from the U.K., Sweden, Brazil and Switzerland.

blockchain 101

blockchain Taxes Regulation Report 101

PYMNTS

JANUARY 4, 2019

That caution extends to all manner of considerations in the realm, including the issuance of a state-backed cryptocurrency, and even the regulation of the digital currencies. Securities and Exchange Commission, which is eyeing the digital currency landscape closely, and where regulations are likely to come through in 2019.

cryptocurrency 139

cryptocurrency Study National Course 139

Independent Banker

FEBRUARY 28, 2022

In person for the first time since 2019, the ICBA Capital Summit in Washington, D.C., No other event provides more opportunities for community bankers to engage with lawmakers, regulators and government officials. The ICBA Capital Summit is the premier event for community bankers looking to advocate for their industry. and many more.

Community 180

Community Washington Community Bank Capital 180

The Paypers

SEPTEMBER 6, 2018

(The Paypers) US-based tax software provider Sovos has expanded its e-invoicing compliance solution to support Italy's full electronic invoicing requirement by 2019.

Regulation 28

Regulation Taxes Compliance Software 28

Abrigo

DECEMBER 20, 2021

Millions of dollars in suspicious activity were not reported to FinCEN in a timely or accurate manner, including those connected to tax evasion, illegal gambling, money laundering, and other financial crimes. . If your CDD program is not intact, now is the time to tighten things up and watch for new regulations. Be Prepared.

Resources 195

Resources Texas Analysis System 195

PYMNTS

NOVEMBER 5, 2018

As has been seen before and will be seen again, the specter of regulation is likely to set off a stampede for the proverbial (crypto) door. Casting the net a bit wider, the FCA said last week that it will also clarify how bitcoin and others can be regulated, right alongside oversight of the exchanges on which they trade.

Bitcoin 187

Bitcoin Regulation cryptocurrency Marketing 187