PYMNTS
DECEMBER 18, 2020
Credit Suisse has been indicted by Swiss prosecutors for allegedly failing to prevent money laundering, Bloomberg reports, adding that a former bank manager was also indicted alongside Credit Suisse. But prosecutors said Credit Suisse had known about the deficiencies since around 2004.
South State Correspondent
OCTOBER 25, 2023
The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash. Aside from the logistical and compliance problem of check processing, the payment channel is fraught with other problems even in its imaged state. From there, checks steadily declined.
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PYMNTS
MARCH 5, 2019
The investigation is centered on Russian investment bank Troika Dialog, with evidence showing that managers funneled money for more than eight years, starting in 2004. According to The Guardian , investigators found 1.3 million bank transactions showing around £3.5 billion ($4.6 billion USD) sent to Europe and the U.S.
PYMNTS
JUNE 4, 2020
The share of B2B transactions conducted via check has fallen 50 percent since 2004 and hit an all-time low of 42 percent last September, for example. We’re seeing a shift toward not only real-time payments, but also real-time treasury management, real-time forecasting and real-time fraud detection.”.
Cisco
OCTOBER 4, 2022
It is an update to the 2004 Operations book, and links the different processes of Architecture, Infrastructure, and Operations (AIO) into a cohesive framework for auditors to assess. It also spells out management oversight of IT systems, to include governance, and provides principles for auditors to address. In Summary.
Jeff For Banks
APRIL 4, 2024
And then what happened in 2004-06 happened again. But bankers should be preparing for a devaluation of the collateral used by their borrowers to determine how best to manage this emerging situation. Depositors woke up and thought "what is my bank paying me?" And our cost of funds chart looked like the trail lift at Breckenridge.
PYMNTS
MARCH 29, 2019
million in fines for violations of the Telephone Consumer Protection Act, which covers robocalling and other related activities — but federal authorities have managed to collect only $6,790 worth of penalties. Here’s the skinny, courtesy of the Wall Street Journal : Since 2015, the FCC has levied $208.4 That’s out of $1.5
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