PYMNTS

SEPTEMBER 8, 2020

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. Big Tech Updates Fees to Reflect UK Digital Services Tax. For example, the company intends to pass on a new 2 percent U.K. and other countries.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

OCTOBER 11, 2019

But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes. As he told PYMNTS, challenges confront eCommerce firms that seek to understand the broad range of compliance and taxation frameworks that can differ greatly among the countries into which they sell.

Taxes 123

Taxes Course Company Training 123

PYMNTS

APRIL 26, 2019

In the world of supply chain compliance, complex regulatory requirements like Know Your Customer (KYC) and anti-money laundering (AML) probably come to mind. There are also the challenges of supplier management, tax legislation, cross-border compliance, worker protection and more.

Compliance 147

Compliance Policies Guidelines Examples 147

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. billion — 91 percent — of those penalties, while European regulators demanded $1.7 imposed a full $23.52

Fraud 189

Fraud Fintech Compliance Regulation 189

Abrigo

MARCH 24, 2023

This example is a situation with a "high" inherent risk and "strong" mitigating controls. This example is a situation with a "high" inherent risk and "strong" mitigating controls. In the example above, processing outgoing international wires is a "high" inherent risk, scoring 3 points, using a 1–3-point scale.

Fraud 195

Fraud Compliance Examples Analysis 195

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. Digital Fixes.

Data 166

Data Management Taxes Meeting 166

CFPB Monitor

AUGUST 4, 2016

The CFPB has issued its 2016 Plain Writing Act Compliance Report. In the new report, as in previous reports, the CFPB states that while the PWA does not apply to regulations, it generally provides summaries written in plain language at the beginning of proposed or final consumer protection regulations. ”

Compliance 60

Compliance Report Regulation Taxes 60

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. 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. Staying on top of fraud is a full-time job.

Fraud 195

Fraud Trends Cards Software 195

CFPB Monitor

AUGUST 3, 2015

The CFPB has issued its 2015 Plain Writing Act Compliance Report. Examples given by the CFPB include its “Ask CFPB” online Q&A tool and its reverse mortgage advertising consumer advisory.

Compliance 60

Compliance Report Taxes Examples 60

PYMNTS

APRIL 3, 2020

There is a lot to consider, said Manish Vrishaketu, chief operating officer at supplier payments automation firm Tipalti , from vendor onboarding processes to tax compliance across borders. ” From Onboarding to Compliance. This is where AP automation can push the envelope and introduce additional value to an enterprise.

Taxes 131

Taxes Compliance Payments Data 131

CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

Regulation 78

Regulation Groups Analysis Lending 78

PYMNTS

SEPTEMBER 16, 2019

The requests center on, for example, Amazon’s acquisition of Whole Foods — and, separately, the way Google ranks its search results. On the Continent — and Taxes in Sight. Google’s own regulatory and tax issues extend well beyond domestic markets. GDPR Compliance Lacking. It is an investigation to determine the facts.

social media 122

social media Google Taxes Arkansas 122

Abrigo

FEBRUARY 10, 2022

Since 2016, three serious document leaks have made international news and exposed the activity of powerful political elites or wealthy individuals who used shell companies to disguise the source of funds and avoid taxes. BSA Rules and Regulation. AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions.

Training 195

Training Regulation Report Compliance 195

PYMNTS

NOVEMBER 1, 2018

Take, for example, markets like the food and beverage, pharmaceutical and medical supplies space. These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping. At the same time, however, embrace of technology is high.

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

MARCH 26, 2018

Take the market’s VAT legislation, for example. Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. Tax fraud is a massive threat of corporates. The publication said VAT fraud costs the EU $1.9

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

JUNE 15, 2018

In the Middle East , RAK Bank has said it will offer Sage accounting software to business banking customers, in an agreement that helps those firms manage value-added tax (VAT) compliance mandates. The software firm, Sage, has had five of its accounting offerings focused on VAT, accredited by the UAE Federal Tax Authority.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

DECEMBER 27, 2016

Our overarching mission is to provide compliance services for small businesses, businesses that don’t have in-house attorneys or tech professionals, to provide the info that small businesses need to comply with employee management and tax reporting requirements,” said Susan Drenning, president of ComplyRight Inc. And on it goes.”.

Regulation 100

Regulation San Francisco Nebraska Trends 100

Abrigo

FEBRUARY 5, 2021

Takeaway 3 Meanwhile, regulators continue to reinforce the importance of lenders knowing customers and beneficial owners. In a letter, the AICPA cited an example that, in many instances, small business owners applying for PPP loans were being incorrectly informed they had a criminal record. New Guidance Out. Ongoing changes help.

Fraud 195

Fraud Lending Taxes Regulation 195

Abrigo

FEBRUARY 23, 2023

The best lending software for small banks, for example, is flexible enough that it can be customer-facing for only those product types the bank chooses. At the same time, the technology can reduce to seconds the time it takes for routine tasks like adding information from tax returns and financial spreading. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

JANUARY 8, 2020

Call it, perhaps, a New Year’s Resolution list — for regulators. 8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. In documents released Tuesday (Jan.

blockchain 138

blockchain Phoenix Compliance cryptocurrency 138

PYMNTS

FEBRUARY 13, 2017

With old rules evolving into new ones, geographic boundaries and their own set of regulations are just some of the many complexities that add friction to the process of international business. Bullock discussed the compliance challenges of various payment scheme regulations that cross-border merchants often need to confront.

Compliance 100

Compliance Taxes Regulation Operations 100

PYMNTS

FEBRUARY 18, 2019

Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security. One reason, he said, is for the technology’s ability to work alongside regulations and traditional systems to promote compliance and security.

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

PYMNTS

APRIL 19, 2019

That’s particularly true when it comes to compliance and data security. The EU’s General Data Protection Regulation (GDPR) is a prime example, said Jones. Payroll and tax-related regulations are also a strategic focus for accountants handling payroll for their customers. In the U.K., In the U.K.,

Innovation 154

Innovation Compliance Technology Resources 154

Abrigo

JULY 17, 2017

He is also sharing tips for ensuring compliance with overarching consulting services standards in the accounting profession. The typical services of audit, tax and bookkeeping require primarily technical expertise – mastery of audit and accounting standards, an understanding of tax law and regulations, and the ability to apply them.

Honolulu 150

Honolulu Taxes eBook Leadership 150

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. Give examples of the identified schemes and determine which monitoring scenario(s) will be used.

Fraud 195

Fraud System Trends Software 195

PYMNTS

MARCH 27, 2020

Under PSD2 regulations, Payment Initiation processes enable an end-user to initiate payment to a seller directly from their bank account rather than relying on a third-party payment provider to facilitate the payment. QR codes [are] an excellent example of the innovation we will see on the back of Payments Initiation.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

DECEMBER 18, 2018

The tax man cometh, logging miles — in a manner of speaking. For where there are reimbursement considerations, compliance issues are close at hand. Lackey related to PYMNTS that a number of inputs go into calculating the standard rate, including fixed costs such as insurance, registration fees and taxes. Compliance Concerns.

Compliance 148

Compliance San Francisco Operations Taxes 148

PYMNTS

MARCH 14, 2018

“The same innovations that power crypto-assets can also help us regulate them,” said Christine Lagarde in an IMF blog post Tuesday, according to CoinDesk reports. Blockchain, on the other hand, has a potential to facilitate data exchange between regulators and relevant parties to combat this threat. In the U.S.,

blockchain 129

blockchain cryptocurrency Regulation Taxes 129

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. . An example cited in the consent order found that a customer with a previous SAR alerted on new activity.

Resources 195

Resources Texas Analysis System 195

CFPB Monitor

JULY 6, 2021

The Priorities have been much-anticipated because, under the AML Act, regulators will review and examine financial institutions in part according to how their AML/CFT compliance programs incorporate and further the Priorities, “as appropriate.”. A prime example of this problem is the inclusion of “fraud” as a Priority.

United States 78

United States Fraud Regulation Compliance 78

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. Give examples of the identified schemes and determine which monitoring scenario(s) will be used.

Fraud 195

Fraud System Trends Software 195

PYMNTS

APRIL 20, 2016

And with good reason, as a slew of regulations, spanning Dodd-Frank, Basel III and the money market Rule 2a-7 reform, have kept treasurers on their toes mastering the devils that lie within the details. Treasury proposed Simplified Tax Accounting Method for VNAV funds. To be blunt, this isn’t your grandfather’s money market anymore.

Taxes 100

Taxes Regulation Management Marketing 100

PYMNTS

MARCH 12, 2018

And yet: How and why to regulate? And where – and just who should do the regulating? federal agencies that are trying to figure out if something is under their purview and should they [even] be regulating this.”. Obviously, there are tax issues and you’ve got the IRS involved,” said Patel. Asked by PYMNTS where U.S.

Regulation 117

Regulation Security Course blockchain 117

PYMNTS

MAY 14, 2018

In many ways, eCommerce has dissolved borders, creating new expectations for business to be conducted between countries with different currencies, languages and regulations. There will also be tax liability and compliance challenges around the base currency where funds are being held. Risk and Compliance.

ATM 101

ATM Compliance Regulation Cards 101

PYMNTS

MARCH 5, 2018

game have been drawing increased scrutiny from regulators … everyone from exchange operators to miners. And in a world where the investments in ICOs have lurched into the billions of dollars, the regulation of a thus far unregulated (ICO) U.S. has been somewhat, at least arguably, late to the ICO regulation game.

Bitcoin 123

Bitcoin cryptocurrency Regulation Course 123

Abrigo

JANUARY 28, 2015

Much like tax forms were once frequently completed with just a calculator, pencil and paper, the same is true of a business valuation. Compliance. For example, AICPA members are required to follow the standards outlined by their organization, found in their valuation toolkit. Human error. With more than 1.1

Taxes 150

Taxes Compliance Course Software 150

BankUnderground

NOVEMBER 8, 2023

In a new working paper , we show that cap-and-trade schemes lead to lower volatility in GDP and financial variables, and result in reduced welfare costs of the business cycle , when compared to the more widely known carbon taxes. As a result, the respective macroeconomic effects of the two policies remain a point of debate.

Policies 64

Policies Regulation Taxes Compliance 64