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FinCEN AML/CTF Priorities Part 6: Transnational Organized Crime (TOC)

Abrigo

in 2001 began outlining strategies to combat transnational organized crime. The FBI explains TOC groups are “self-perpetuating associations of individuals who operate, wholly or in part, by illegal means and irrespective of geography.” Amnesty International reported in 2007 that an estimated 3.7 A Focus Since 2001.

Training 195
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Where People Spent Stimulus Payments – And Where They Didn’t

PYMNTS

A recent report by the National Bureau of Economic Research (NBER) finds that recipients of the initial $2.2 In one example, with the 2001 tax rebates, households spent roughly 20 percent to 40 percent of those funds in the first quarter after receiving them, with two-thirds spent over the first six months.

Payments 173
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Banco BASE Taps Volante For Payments; Azimo Receives Dutch Central Bank License

PYMNTS

Azimo says it has received a license from the Dutch Central Bank to operate in the Netherlands, Cubic Transportation Systems has notched a contract for a mobile ticketing system in Ireland , and Bear Market Coffee in Ireland has gone cashless. The report also pointed out that the primary focus of the contract is on bus transportation.

Payments 100
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Shake Shack On Tapping AI And Other Tools To Optimize The Customer Experience

PYMNTS

This pressure to innovate is affecting QSRs of all sizes, from independent eateries serving loyal local followings to national or even international behemoths reaching millions of customers each year. Shake Shack reported that its Q3 sales were down 18 percent compared to the same period last year. Post-Pandemic Moves.

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In Praise Of The Selfie And The Commerce It Drives

PYMNTS

National Selfie Day has passed into the history books once again. The founding hero of National Selfie Day — not that he receives his full recognition among the selfie masses — is a U.S. lamp manufacturer and early photography enthusiast named Robert Cornelius. Brands are turning narcissism into cold hard cash.

National 130
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Diversity in UK banks – the long journey continues

BankUnderground

We bring together information on all approved control and senior manager functions (2001–20) – ie all senior manager, executive and oversight roles which require regulatory approval. Just under 10% of positions were filled by women at the end of 2001, while this figure is now just below 20%. Does diversity affect bank outcomes?

Trends 69
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Could Regulation Prevent The Next Cyberattack?

PYMNTS

The ransomware attack affected a range of players, including delivery services like FedEx, automakers including Renault and Nissan, transportation operations such as Germany’s Deutsche Bahn and even medical systems such as the U.K.’s s National Health Service. 11, 2001, terrorist attacks. It’s such a simple concept,” he said.