PYMNTS

JULY 1, 2019

When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles. Starting today, U.S. The Legal Situation.

Compliance 167

Compliance Industry Payments Policies 167

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. As a best-practice it is recommended to adopt automation of certain security audits, integration of compliance oversight into key development process areas (e.g. Data Stewardship.

Compliance 332

Compliance Security Software System 332

Perficient

DECEMBER 27, 2023

Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes. YOU MAY ENJOY: Regulatory Reporting in Financial Services Modernizing CRA Regulations Managing compliance risk frameworks in alignment with existing risk profiles is crucial as customer needs evolve.

Compliance 221

Compliance FDIC Regulation Fraud 221

PYMNTS

NOVEMBER 13, 2020

As government regulators in China increase tech industry oversight, Tencent said it will comply with new laws intended to curb antitrust activities and tighten FinTech acceleration, according to a Bloomberg report on Friday (Nov. The regulators are looking more closely at transaction-based platforms, Lau said, per Bloomberg.

Regulation 227

Regulation social media Video Groups 227

Abrigo

AUGUST 31, 2023

Teaching staff these KYC tips to make clients feel more comfortable In 2023, KYC procedures must both support CDD compliance and make sure your institution is a welcoming place for all customers. Relationship building has long been part of the financial services industry, so knowing your customer may seem straightforward.

Compliance 195

Compliance Community Training System 195

PYMNTS

AUGUST 14, 2019

The National Payments Corp. We have received the data localization compliance system audit report from WhatsApp, which shall be reviewed in the next few weeks,” a Mumbai-based representative for NCPI said, according to Bloomberg. of India is reviewing an audit report to ensure WhatsApp complies with local rules. “We

Compliance 100

Compliance National Payments Trends 100

PYMNTS

NOVEMBER 9, 2020

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes. Facebook’s WhatsApp To Grow Payments Service Following NPCI Go-Ahead.

Regulation 211

Regulation social media Compliance California 211

Perficient

DECEMBER 22, 2023

This blog was co-authored by: Ashley Simmons In conversations with financial services executives, Perficient consultants consistently delve into the application and usage of artificial intelligence (AI) within the industry. A pivotal aspect of this conversation revolves around the regulatory perspective toward AI.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

Abrigo

JUNE 12, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. The money transmitter industry is growing, spiked by advances in fintech and the consumer demand for immediate payment mechanisms. WATCH NOW Takeaway 1 The number of money transmitters grew by 13% in 2021 in the U.S.

Compliance 195

Compliance Fraud Regulation Guidelines 195

CFPB Monitor

MAY 24, 2021

We are pleased to announce that Ballard Spahr’s Consumer Financial Services Group has once again received the highest national ranking from Chambers USA: America’s Leading Lawyers for Business. This year, Chambers USA added Enforcement & Investigations as a new category for Financial Services Regulation: Consumer Finance.

National 148

National Groups Regulation Compliance 148

PYMNTS

NOVEMBER 23, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from regulators around the world. EU Auditors: European Commission Needs To ‘Scale Up’ Regulation. New Digital Regulations Could Let EU Ban Tech Firms. California will get $24.6

Apple 193

Apple Regulation social media Compliance 193

Abrigo

JANUARY 30, 2024

Get your ticket now for ThinkBIG, an industry-leading learning and networking event. REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Still on the fence about attending the ThinkBIG 2024 conference?

Conference 195

Conference Arizona Phoenix Fraud 195

PYMNTS

DECEMBER 7, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments around the world. UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms.

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

OCTOBER 16, 2019

Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime. The Cost of Compliance. Scandal and fraud tarnishing banks’ reputations aside, the impact that AML compliance controls have had on these banks’ bottom lines can’t be underestimated.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

DECEMBER 3, 2019

If banks have additional questions regarding the Agriculture Improvement Act of 2018 (2018 Farm Bill) and its regulations, they can contact the USDA, state departments of agriculture and tribal governments. It was amended to include the Patriot Act, which requires every bank to adopt a customer identification program.

Regulation 137

Regulation Guidelines FDIC Conference 137

Abrigo

JANUARY 17, 2024

FinCEN data shows that human trafficking in the United States takes place in a wide variety of industries—hospitality, agriculture, janitorial services, construction, restaurants, domestic work, and so on. The United Nations estimates there are currently 40 million people enslaved around the world, and that one-quarter of them are children.

Training 259

Training Community Software Texas 259

CFPB Monitor

SEPTEMBER 22, 2020

We are delighted to share the news that Ballard Spahr has been named a finalist for the 2020 LendIt Fintech Top Law Firm Industry Award. Also this year, our Consumer Financial Services Group once again received the highest national ranking from Chambers USA : America’s Leading Lawyers for Business.

Fintech 78

Fintech Industry National Groups 78

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. The better prepared, the less likely they are to run afoul of the continually shifting regulations. percent, which outpaced industry loan growth of 3.6

Compliance 101

Compliance Regulation Community Bank Community 101

PYMNTS

OCTOBER 5, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. Regulation. The banking industry, however, is against the idea. “We Data Activist: Big Tech Not Following Transatlantic Data Transfer Regulations.

Data 229

Data Google Compliance Apple 229

PYMNTS

DECEMBER 8, 2020

Cybercriminals are constantly one step ahead of government regulators, developing new and inventive schemes faster than the authorities can quash them. Some exchanges even deliberately avoid having KYC systems by obfuscating their country of origin to make it harder for regulators to impose national compliance guidelines.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

PYMNTS

DECEMBER 13, 2018

CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. AML Compliance Turns CUs Into Law Enforcement. However, their members are not the only ones with whom credit unions must regularly work.

Regulation 135

Regulation South Dakota ATM New York City 135

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. GenAI is seeing varied use cases in banking.

Examples 221

Examples Fraud Resources Risk Management 221

Abrigo

JUNE 27, 2023

Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. Financial criminals have used the industry to clean their illicit funds for years. Including rental and leasing licensees, as of 2021, the industry comprises approximately 16.7%

El Paso 195

El Paso Miami United States New York City 195

CFPB Monitor

JULY 27, 2020

The OCC issued a letter last week stating that “a national bank [and a federal savings association] may provide. The letter states: Consistent with OCC regulations and guidance on custody activities, the risks associated with an individual account should be addressed prior to acceptance.

National 113

National cryptocurrency Risk Management Regulation 113

CFPB Monitor

OCTOBER 12, 2022

The Bill has drawn criticism from credit industry trade groups such as the American Financial Services Association. Among other criticisms, the trade groups assert that the Bill would impose difficult, if not impossible, compliance burdens on lenders that will result in decreased credit access and higher cost loans.

Regulation 144

Regulation District of Columbia Policies Groups 144

Abrigo

DECEMBER 17, 2021

Takeaway 1 Strengthen your financial institution's culture of compliance through a staffing assessment. Employee turnover is significantly impacting the financial industry. There is no doubt that the last few years have been a challenge for all , and the financial services industry is no exception. Current Trends.

Compliance 195

Compliance Training Fraud Resources 195

CFPB Monitor

APRIL 25, 2022

As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance. In January 2021, the OCC granted Anchorage conditional approval for a national trust bank charter.

Compliance 78

Compliance Digital Banking Training South Dakota 78

Abrigo

FEBRUARY 6, 2020

The Office of Foreign Assets Control ( OFAC ) hosts an annual symposium to provide updates on compliance requirements, sanctions activity, and enforcement efforts. For example, with respect to economic sanctions against Iran, OFAC is keeping a close watch on the petrochemicals and metals industries. register today.

United States 195

United States Compliance Strategy National 195

PYMNTS

OCTOBER 19, 2020

Here’s the latest news from Amazon and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. Regulation. The new regulations would also reshape the manner in which these companies collect and harness information. a London news outlet, reported.

Taxes 143

Taxes Compliance Regulation Google 143

Abrigo

JANUARY 3, 2024

Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a new regulation on the requirements, including how AML staff will access the information through a new federal beneficial ownership information (BOI) registry. This is in line with the current CDD regulations. Effective Jan. More is expected on this later.

Fraud 221

Fraud Regulation Report Compliance 221

PYMNTS

AUGUST 24, 2020

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. The services are not currently registered as distinct entities, although they are provided to users in the nation. Facebook Supports Data-Portability Law.

social media 152

social media Data Apple Compliance 152

PYMNTS

FEBRUARY 9, 2018

The world’s first ICO regulations are coming, care of Gibraltar. The rapid global proliferation of initial coin offerings has become an issue of mounting concern among regulators and central banks around the world – in particular, the growth of ICOs has fueled massive growth in the cryptocurrency market in general.

Regulation 106

Regulation cryptocurrency United States Security 106

PYMNTS

JANUARY 25, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. . A representative for the eCommerce retailer told Reuters that the company calls for an international approach in lieu of taxes levied by different nations. 21, according to the report. .

Taxes 141

Taxes Google Compliance Apple 141

Abrigo

APRIL 18, 2022

Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency. The industry's most significant market increase was between 2016 and 2018. National objectives in cryptocurrency policy. Rapid Growth. The rise of digital assets. Priorities. Promote U.S.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

Abrigo

JUNE 15, 2023

has lagged in passing laws and regulations preventing criminal proceeds from flowing into real estate. national security and the integrity of the U.S. You might also like this Russian sanctions compliance checklist. billion was laundered between 2015 and 2020 through the U.S. real estate market alone. However, the U.S.

Training 195

Training Regulation Compliance System 195

Abrigo

JANUARY 22, 2024

These tips can help ensure compliance while improving your offerings. Team effort Bringing your AML and fraud staff on board for new product ventures Introducing new banking products in the financial services industry is an exciting venture and what gives financial institutions a competitive advantage. billion globally last year.

Fraud 221

Fraud Training Risk Management Software 221

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146