Chris Skinner

MARCH 21, 2017

So it surprised me little when I saw the headline in yesterday’s Guardian: British banks handled vast sums of laundered Russian money The article claims that 17 UK banks, including RBS and HSBC, helped Russian criminals with links to the KGB and Vladimir Putin to launder up to $80 billion between 2010 and 2014.

Compliance 291

Compliance System Policies Fraud 291

Bobsguide

MARCH 23, 2022

With Boersma’s addition, Meradia will expand its Investment Performance practice to include advisory services related to Global Investment Performance Standards (GIPS®) compliance, implementation, and pre-verification as well as investment performance regulation. Boersma, CFA.

Compliance 78

Compliance Regulation Training Strategy 78

Insights on Business

JULY 20, 2018

When IBM acquired OpenPages in 2010, it was widely recognized as a pioneer and market leader in governance, risk and compliance software. Since the acquisition in 2010, IBM has continued to drive innovation and leadership in risk and compliance and industry leaders have taken note. IBM RegTech Innovations.

Risk Management 96

Risk Management Management Compliance New York City 96

PYMNTS

MARCH 6, 2020

The CFPB, which was created in 2010 as part of the Dodd-Frank financial reform legislation, has the power to petition whistleblowers to speak out, but does not currently have the capability to pay them for their tipoffs.

Compliance 156

Compliance Lending US Report 156

Bank Innovation

FEBRUARY 6, 2019

In 2010, when Patrick Collison founded Stripe Inc. with his younger brother John, he thought the world was headed toward ever-increasing globalization, economic stability and international commerce. Now, based on the events of the last couple years, no one holds “so Panglossian a view,” said the 30-year-old chief executive officer.

Operations 170

Operations Google Capital Online 170

Insights on Business

JULY 18, 2018

When IBM acquired OpenPages in 2010, it was widely recognized as a pioneer and market leader in governance, risk and compliance software. Since the acquisition in 2010, IBM has continued to drive innovation and leadership in risk and compliance and industry leaders have taken note. IBM RegTech Innovations.

Risk Management 70

Risk Management Compliance New York City Innovation 70

Abrigo

JANUARY 1, 2016

The Act, announced in 2010, requires or authorizes federal agencies to issue rules to strengthen the financial services industry. Those interviewed cited an increase in compliance burdens , which includes “increases in staff, training and time allocation for regulatory compliance and updates to compliance systems.”

Community Bank 150

Community Bank Community Compliance Training 150

PYMNTS

JUNE 20, 2019

Court filings say that from 2009 to 2010, Walmart Brazil intentionally and knowingly fed false information to its parent company, which was aware of the malfeasance. Walmart valued international growth and cost-cutting over compliance,” Charles Cain, Chief of the SEC Enforcement Division’s FCPA Unit.

Virginia 108

Virginia Compliance New York System 108

CFPB Monitor

DECEMBER 22, 2020

If entered by the court, the stipulated final judgment and order will require Alder to pay a $600,000 civil money penalty, to provide proper risk-based pricing notices under the FCRA, and to submit a comprehensive compliance plan to the Bureau.

Arkansas 78

Arkansas Company Compliance System 78

ATM Marketplace

APRIL 13, 2017

When new ADA regs were released in 2010, touch screens in self-service devices weren't that much of a thing. They are now, and determining what compliance means for kiosk applications can be a problem, as part 2 of our series on ADA compliance explains.

Compliance 51

Compliance 51

PYMNTS

APRIL 8, 2019

His job includes oversight of the payment card network’s legal affairs, public policy, corporate governance and compliance. “He He took over as chairman in 2014 and had served on the board of trustees since 2010. Murphy has served on the group’s board of trustees since 2015. Mastercard hired Murphy in 2000.

National 122

National New York City New York Leadership 122

Abrigo

JANUARY 9, 2017

While data management, q-factors and segmentation are important as institutions transition to CECL, effectively evaluating and justifying the impaired loans is crucial as institutions meet compliance today.

Analysis 150

Analysis Policies Compliance Meeting 150

CFPB Monitor

MARCH 17, 2021

In accordance with Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the FDIC is calling on its supervised institutions with 100 or more employees to submit voluntary self-assessments of their diversity policies and practices.

FDIC 78

FDIC CA Policies Compliance 78

PYMNTS

JANUARY 23, 2019

Other banking partners for R3 include BNP Paribas and Deutsche Bank, with R3 focusing on deploying Corda to create compliance solutions in areas like Know Your Customer (KYC) for financial institutions. In a statement at the time, ING acknowledged “serious shortcomings” in its due diligence efforts between 2010 and 2016.

blockchain 128

blockchain Tools Compliance Operations 128

PYMNTS

JANUARY 25, 2019

By debiting the bank accounts of its users without authorization, the company violated the Consumer Financial Protection Act of 2010, the Bureau claimed. The company also is prohibited from initiating electronic fund transfers without valid permission through the terms of a consent order.

Analytics 122

Analytics Compliance Online Company 122

PYMNTS

DECEMBER 19, 2018

To try and combat this, the 2010 Dodd-Frank financial reform law made it a requirement for the SEC to collect data and analyze rating firms’ decisions so it could head off another financial catastrophe. Those entities and their elevated ratings of mortgage-backed securities, analysts say, were gasoline for the U.S. housing bubble fire.

Regulation 128

Regulation Data Analysis Compliance 128

CFPB Monitor

JUNE 2, 2020

million to resolve a Securities and Exchange Commission (SEC) probe into its compliance with the Foreign Corrupt Practices Act (FCPA). In its 2018 annual report , World Acceptance stated that the investigation addressed whether and to what extent improper payments were made from 2010 to 2017 by a Mexican subsidiary to government officials.

South Carolina 78

South Carolina Compliance Operations Company 78

PYMNTS

FEBRUARY 4, 2019

It did this in hopes that such groups would implement their own high standards and raise the bar for stricter compliance requirements. authorities, ING admitted that criminals had laundered money through its accounts between 2010 and 2016 because of “serious shortcomings” in enforcing due diligence policies.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

MARCH 21, 2017

The Guardian’s report is based on a review of documents that “show that at least $20bn appears to have been moved out of Russia during a four-year period between 2010 and 2014.”. Typically the compliance and investigations department is treated like an unwanted step-child.

Compliance 109

Compliance Training Operations America 109

PYMNTS

OCTOBER 27, 2016

“We want to be known as the WhatsApp of Money,” said Brion Nazzaro, group compliance director at WorldRemit. Founded in London in 2010 — just within the same year that PYMNTS was founded — WorldRemit is a digital money transfer service helping people send money to their friends and family across the globe.

Mobile 100

Mobile Denver Compliance National 100

PYMNTS

MAY 2, 2016

Tax cheats cost the government as much as $458 billion annually, according to data tabulated between 2008 and 2010. In addition, the voluntary compliance rate, which is a measure of how taxes owed compare with taxes paid in full and on time, should reach nearly 82 percent.

Taxes 100

Taxes US United States Fraud 100

PYMNTS

SEPTEMBER 7, 2018

As of now, the central bank is tasked with looking over the compliance of banks to capital standards as well as other financial stability-related regulations. Monitoring money-laundering, however, is usually handled at the national level. VEON acknowledged the illegal activities and agreed to its own $795 million settlement with U.S.

Regional 109

Regional Compliance Regulation Meeting 109

South State Correspondent

MARCH 14, 2024

If your duration is too long or your BSA compliance is weak, those aren’t good things, but that is not how the bank is going to fail. Blockbuster produced near-record traffic at 3.5mm customers and revenue of around $5B in 2008 only to see both drop to near-zero by 2010 when it had to declare bankruptcy.

Innovation 195

Innovation Strategy Capital Comparison 195

Abrigo

OCTOBER 17, 2019

Excel tips blogger Debra Dalgleish on her Spreadsheet Day blog claims credit for starting the holiday in 2010 after realizing that despite plenty of other obscure holidays like Pickle Day and Pi Day, there was no designated day to celebrate Excel and other spreadsheets people use in their everyday lives.

San Antonio 150

San Antonio Analysis Study Compliance 150

PYMNTS

JANUARY 19, 2017

State Street agreed to improve compliance at the firm and keep a corporate monitor as part of the deal. From 2010 to 2011, prosecutors contend the two added secret commissions to fixed-income and stock trades for the six customers.

Boston 100

Boston Compliance Security Management 100

PYMNTS

APRIL 6, 2016

2010 and Sept. Then, according to the indictment, the duo hid the trades from both the clients and the compliance staff within the bank. The indictment itself alleges that the two — during a timeframe that stretched between Feb. In a statement by Carmen Ortiz, U.S.

Fraud 100

Fraud Massachusetts Boston Security 100

Fintech Labs Insights

MAY 2, 2017

The recent news that due diligence innovator OutsideIQ agreed to be acquired by compliance specialist, Exiger, is a sign that the RegTech revolution in fintech is real. Founded in 2010 and headquartered in Toronto, Ontario, Canada, OutsideIQ demonstrated its due diligence technology, DDIQ , at FinovateSpring 2016.

Compliance 16

Compliance Maryland New York Conference 16

Independent Banker

AUGUST 31, 2021

Some lawmakers on Capitol Hill are increasingly interested in diversity and inclusion (D&I) compliance requirements for financial institutions. How does your bank’s diversity and inclusion (D&I) compliance program compare with the regulatory standards for D&I policies and practices? By Mary Thorson-Wright.

Community Bank 91

Community Bank Policies Community Regulation 91

Abrigo

OCTOBER 2, 2014

According to the BCBS’s Basel III framework document published in December 2010 and revised in June 2011, the main objective is to improve banks’ “ability to absorb shocks arising from financial and economic stress.” Over the next few years, the percentage gradually increases to 2.5%, effective January 1, 2019.

How To 236

How To Capital Community Bank Maine 236

Abrigo

FEBRUARY 16, 2017

Vintage analysis is an allowance for loan lease losses (ALLL) calculation methodology that has been suggested as being the new minimum standard for CECL compliance. For loans originating in 2009, the total life-of-loan loss rate is 3.19% and the 2010 rate is 3.49%.

Analysis 150

Analysis Examples Data Regional 150

Payments Source

NOVEMBER 9, 2017

The exploding value of the cryptocurrency since its first real-world transaction in 2010 is one reason the U.S. Internal Revenue Service is pushing to see records on thousands of users of Coinbase Inc., one of the biggest U.S. online exchanges.

Taxes 63

Taxes Bitcoin cryptocurrency Online 63

PYMNTS

JUNE 22, 2016

During this webinar, we’ll focus on how to improve the customer experience at every decision point while boosting compliance efforts and why it is important for businesses to invest in new technologies to improve the customer experience, maintain compliance, increase profitability, and remain competitive in the marketplace.

Customer Experience 104

Customer Experience Chicago Analytics Big Data 104

Payments Source

JANUARY 3, 2017

Since the Dodd-Frank Act was passed in 2010, bank industry representatives have confidently predicted that the next year would bring significant changes, only to see their hopes dashed amid partisan divisions over proposed fixes. Until now.

Industry 60

Industry Washington Cards Compliance 60

Payments Source

SEPTEMBER 25, 2016

In 2010, lawmakers passed bipartisan reforms to bring transparency and competition to a debit card swipe fee market that had previously been void of both. Now, members of Congress want to undo that progress.

Cards 60

Cards Marketing Compliance Regulation 60

CFPB Monitor

MARCH 25, 2015

The OIG is auditing the CFPB’s compliance with the Improper Payments Information Act of 2002, as amended by the Improper Payments Elimination and Recovery Act of 2010 and the Improper Payments Elimination and Recovery Improvement Act of 2012.

Compliance 60

Compliance Payments Management Report 60

Payments Source

MAY 25, 2017

Known as the Durbin Amendment, the measure was included in the 2010 Dodd-Frank Act to limit how much money banks can charge retailers when consumers use their debit cards. Big-box retailers have beat back banks’ latest attempt to kill a legislative provision that has cost lenders billions of dollars in lost revenue.

Retail 60

Retail Cards Compliance Payments 60

PYMNTS

MARCH 14, 2019

ADA Compliance. Such lawsuits have involved Netflix, which was sued in 2010 by the National Association of the Deaf over allegations that the company “was discriminating against deaf and hard-of-hearing viewers because not all their streaming video had closed captions,” the report said. Netflix and Target Cases.

Google 161

Google Tools Mobile Retail 161