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Buying into AML risks in real estate

Abrigo

In 2016 when the Panama Papers exposed an international network of offshore entities involved in tax evasion, fraud, and sanction evasion, some of which included real estate holdings, regulations began to change. According to the National Association of Realtors, there were more than 106,000 real estate brokerage firms in the United States.

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Challenges to monetary policy: lessons from Medieval Europe

BankUnderground

Moreover, the national currency belongs to the people, and the state’s role is to regulate it to benefit the people. This is done by ensuring money is produced according to the strictest standards and avoiding manipulating it to the king’s benefit ( inflation tax ). Medieval monetary policy operated without a central bank.

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3 top tech trends for public accountants to watch in 2017

Abrigo

Other blockchain potential uses outlined have included authentication of transactions, tracking ownership of assets, and development of “smart contracts,” or computer programs that could pay an invoice after confirming that delivered goods have been received as promised and confirming that sufficient funds are available for payment.

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FSB: No Govt Contracts For Big UK Firms That Pay Late

PYMNTS

The Carillion bankruptcy has certainly helped shine a spotlight on late payments in the United Kingdom. Many trade groups have advocated for change in the way payment terms are handled by the government — and for repercussions when it comes to late payments. The firms themselves owed tens of billions of pounds.

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Google Tracker: Making Allies And Enemies

PYMNTS

2012 not to use third-party content such as images and reviews from parties that opted out, a practice known as “scraping.” The company is now demanding the Federal Trade Commission reopen that 2012 Google case “ immediately.”. Google agreed in Dec. Yelp has previously requested that Google stop scraping from its site.

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Wells’ Woes, Stripe’s Acquisition And North Korea’s New Hacking Groove

PYMNTS

But if action was what one was looking for — where things actually progressed or were accomplished — payments and commerce would have been a better bet for news consumption. Consulting firm Oliver Wyman prepared the document after reviewing insurance policies sold to the banking firm’s customers from January 2012 through July 2016.

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No, ATMs in India aren’t going anywhere just yet

NCR

The financial services sector in India has been undergoing something of a revolution of late, largely due to efforts by the government to encourage inclusion in the formal financial system and promote the use of digital payments – with aims to reduce the shadow economy and raise tax revenue among the driving forces.

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