PYMNTS

DECEMBER 7, 2020

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. Regulators also called out the tech company’s warranty terms for not covering water damage. Canada Looks to Tax International Tech Firms.

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

NOVEMBER 30, 2020

South Korea’s Personal Information Protection Commission issued a 6.7 South Korea’s Personal Information Protection Commission issued a 6.7 The French Finance Ministry has told Big Tech firms that the Digital Service Tax is now due, PYMNTS reported, citing Reuters. Chicago Alderman Proposes Tax on Deliveries.

Taxes 130

Taxes Chicago Compliance Apple 130

PYMNTS

SEPTEMBER 4, 2019

Merchants must handle the sales tax compliance obligations of each locale from which they receive money if they want to sell online. The complexities of sales tax compliance affect business decisions by both sellers and marketplaces, according to Ted Hettich, chief sales officer at U.K. Deciphering obligations.

Taxes 131

Taxes Policies Compliance Retail 131

PYMNTS

JULY 31, 2019

Albania has announced it will implement a new online billing system to prevent businesses from circumventing tax payments and to boost revenue in the country, according to a report by Reuters. The minister said that 1,600 hotels on a booking site were not registered with the proper tax authorities.

Taxes 116

Taxes System Compliance Online 116

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. digital services tax on to consumers in addition to an existing 20 percent value-added tax.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

JANUARY 29, 2020

businesses are likely already feeling tax season’s pressures. Filing is exhausting and complicated for individuals, and businesses experience those tax difficulties to a far greater degree. SMBs need to remain compliant with increasingly complex financial regulations. SMBs And Manual Tax Frustrations.

Taxes 141

Taxes Fraud Tools System 141

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders. There are also an “extremely high number” of tax rules.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

NOVEMBER 29, 2019

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. At the same time, navigating tax policies is proving to be a complex business. tax policy at Avalara , noted that this holiday season is the second one post-Wayfair. The hard part?

Taxes 134

Taxes South Dakota New York Nebraska 134

PYMNTS

OCTOBER 5, 2020

Regulation. The European Union is getting ready to make Big Tech provide smaller competitors with their massive collections of customer information. Furthermore, other portions of the draft include a rule that gatekeeper platforms only have the ability to harness the information they receive for specific activities.

Data 229

Data Google Compliance Apple 229

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. The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. financial institutions (77 percent) for AML compliance.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

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).

Taxes 53

Taxes Compliance Report US 53

PYMNTS

FEBRUARY 1, 2021

French Finance Minister Embraces American Shift on Big Tech Taxes . Bruno Le Maire , the finance minister of France, embraced the support of the Biden administration on a potential international tax on Big Tech, CNBC reported. “I Read More On Regulation: Facebook Pans Apple’s App Tracking Transparency Mandate.

Taxes 101

Taxes Apple Compliance US 101

PYMNTS

FEBRUARY 12, 2019

Govindacharya have asked lawmakers in India to call leaders of Google and Facebook to the country to ask them about data privacy and their compliance on tax laws, according to a report from Reuters. The group is asking a parliamentary panel on information technology to investigate the tech giants.

Taxes 108

Taxes Google social media Groups 108

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

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. Facebook Supports Data-Portability Law. Facebook has advocated for a law that would simplify the process of moving videos and pictures to a competing site.

social media 152

social media Data Apple Compliance 152

PYMNTS

SEPTEMBER 20, 2020

In Brussels, regulatory officials are considering a monitoring system that would allow the public to rate companies’ tax compliance and how quickly they remove illegal content, FT reported. If approved, the new EU legislation would increase Brussels’ powers to track how these firms gather information on users.

Compliance 175

Compliance Regulation System Taxes 175

Abrigo

JUNE 27, 2023

Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. The limited regulation around the real estate industry has made it especially easy for these bad actors to cycle their dirty money into the financial system using this avenue.

El Paso 195

El Paso Miami United States New York City 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.

Data 166

Data Management Taxes Meeting 166

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Compliance 81

Compliance Technology Fraud Analytics 81

PYMNTS

DECEMBER 19, 2019

A number of Chinese tech companies were ordered to clean up policies on the way their apps deal with user information or face penalties, according to an Associated Press report on Thursday (Dec. In other recent crackdowns by China’s Communist authorities, companies have faced increasingly steep control and regulation by the government.

social media 130

social media Regulation Exercises Policies 130

PYMNTS

FEBRUARY 1, 2021

Automatically looping information across various financial platforms — including accounts payable (AP), accounts receivable (AR) and expenses — is critical to achieving a real-time view of cash positions and developing more accurate forecasts. Data integration is climbing to the top of chief financial officers' priority lists.

Strategy 247

Strategy Taxes Management Trends 247

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

DECEMBER 14, 2020

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

Google 132

Google social media Compliance Regulation 132

PYMNTS

FEBRUARY 25, 2020

“After some time, I understood the challenges are greater than I thought,” Amit recalled, highlighting regulatory compliance as a particularly lofty, and unexpected, burden of facilitating cross-border B2B payments. Finding the Sweet Spots.

Compliance 184

Compliance Taxes Fintech Resources 184

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

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. That issue was resolved.

Fraud 195

Fraud Lending Taxes Regulation 195

PYMNTS

SEPTEMBER 5, 2019

Governments rely on tax revenues to fuel the vital services they provide to residents and businesses – from firefighting and public education to water system repair and road maintenance. Retail sales taxes have long been key sources of state governments’ budgets and have been their greatest single stream of revenue since the mid-1900s. .

South Dakota 116

South Dakota Taxes Policies North Dakota 116

PYMNTS

DECEMBER 9, 2020

The United Kingdom’s economic and finance ministry, HM Treasury, seeks input on the challenges that the sharing economy creates for value-added tax (VAT). The ministry said that policymakers have to consider the basis for new regulations that mirror the evolving nature of economic activity in the digital era.

Taxes 160

Taxes Analysis Compliance Report 160

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. “Each bank has a different way of presenting information back to you,” he explained. ” From Onboarding to Compliance. .

Taxes 131

Taxes Compliance Payments Data 131

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. Moreover, an AML program that is robust and comprehensive becomes a vital component in this fight, with fraud detection software being essential.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

DECEMBER 2, 2019

These groups also face a common small- to medium-sized business (SMB) challenge — needing to track every transaction to prove fiscal responsibility to donors and regulators. million tax-exempt groups active in the U.S., according to the latest figures from the IRS, which monitors and regulates such organizations.

Management 141

Management Taxes Groups Regulation 141

Abrigo

MARCH 4, 2020

With more and more states approving the sale of cannabis, either marijuana or hemp, the risks involved with banking this industry has remained at the forefront of compliance officers' minds. We have the resources and solutions to help you navigate through regulation and keep you compliant. CRBs are high risk, cash-intensive accounts.

Resources 195

Resources Policies Regulation Taxes 195

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

FICO

SEPTEMBER 19, 2018

A new special report from Raconteur , published in today's edition of The Times in London, calls out the growing trend of convergence of fraud and compliance. A typical enterprise has both fraud and compliance departments. The post Special Report: Convergence of Fraud and Compliance appeared first on FICO. Read the full article.

Compliance 40

Compliance Fraud Report Trends 40

FICO

SEPTEMBER 6, 2018

A new special report from Raconteur , published in today's edition of The Times in London, calls out the growing trend of convergence of fraud and compliance. A typical enterprise has both fraud and compliance departments. The post Special Report: Convergence of Fraud and Compliance appeared first on FICO. Read the full article.

Compliance 40

Compliance Fraud Report Trends 40

FICO

MAY 25, 2017

million digital records exposed the dark deeds of dirty money and tax evasion and burst the bubble of pretense that the world is effective at dealing with corruption. One in five banks in Asia Pacific say that they expect tax evasion to increase 100 to 500 percent over last year’s levels according to a recent poll by FICO.

Taxes 40

Taxes Survey Compliance Regional 40

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