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PingPong To Enter Europe Via $113M Investment

PYMNTS

PingPong and Luxembourg’s relationship goes back to 2017, when the FinTech startup got a payments license in the region, which allowed it to operate between Chinese outfits and customers in Europe. Earlier this year , Luxembourg passed a bill to amend an existing securities law so that it includes blockchain.

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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.” A Focus Since 2001. Would you like others articles like this in your inbox?

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Five at Five: Amazon’s Holiday Season

PYMNTS

and China, local Chinese vendors operating in Yiwu International Trade City are upbeat about 2019. The Securities and Exchange Commission and various state regulators have been investigating more than 90 cryptocurrency cases in which investors lost money. Local China Merchants Upbeat About 2019 Cross-Border Sales.

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No Pain, No Gain? GDPR, PSD2 And The New Payments Reality

PYMNTS

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising. 3D Secure 2.0

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Madoff Whistleblower Has GE On The Defense

PYMNTS

GE’s reported operating margins for the past three years are a negative 6 percent, lower than the historical average. Reported GE operating margins reached 16.1 percent in 2001, the report says. The report said GE should set aside $29 billion for insurance reserves. Markopolos is known for sounding alarms about Madoff.

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Macy’s Chief Growth Officer Forced Out After 34 Years

PYMNTS

All of this is according to Securities and Exchange Commission documents filed last week. The main reason behind the layoffs: Fewer of Macy’s stores are in operation, and the retailer didn’t end up having as fruitful of a holiday shopping season as it had hoped. Arguably, they likely will not get the same sendoff that Sachse will.

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Ex-Vatican Bank President, Lawyer Charged With Embezzlement

PYMNTS

According to the AP, the Institute for Religious Works reported that Caloia and Luizzo were charged with embezzlement and self-laundering between 2001 and 2008. Their trial is slated to begin on March 15, reported the news service, noting that a third suspect passed away while being investigated.

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