PYMNTS

JULY 21, 2020

The service is intended to help businesses automate their customer onboarding processes, powering fraud prevention and compliance for numerous financial institutions, payment companies, banks and other such institutions. By using GlobalGateway, Trulioo will be able to help verify customers are who they say they are in Vietnam.

Guidelines 181

Guidelines Compliance Fraud Security 181

PYMNTS

JANUARY 15, 2021

It also said the bank’s Check Cashing Group admitted that it failed to file thousands of suspicious activity reports (SARs) as well as thousands of Currency Transaction Reports (CTRs) from 2008 to 2014. financial system.”. The group was comprised of between approximately 90 and 150 check cashers in the New York and New Jersey area.

Capital 268

Capital New Jersey Groups New York 268

Gonzobanker

DECEMBER 22, 2014

It’s time for the 2014 GonzoBanker Awards! And won’t address the biggest area of fraud growth, which is card-not-present. Processes where the performers are educated and incented to deliver customer-focused results, not compliance-driven requirements. GonzoBankers, the moment we know you have all been waiting for has arrived.

Los Angeles 101

Los Angeles Apple Risk Management California 101

Abrigo

JUNE 2, 2021

Does it address a “culture of compliance”? Culture of compliance. FinCEN issued an advisory in 2014 highlighting the importance of a strong culture of compliance for senior management, leadership, and owners within financial institutions. This includes compliance from top, to middle, to frontline leadership.

How To 195

How To Training Compliance Policies 195

Jack Henry

APRIL 30, 2014

In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks. Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems.

Fraud 88

Fraud Cyber Security ATM FDIC 88

PYMNTS

APRIL 27, 2017

million fine by the Central Bank of Ireland due to compliance failures with anti-money laundering and terrorist financing rules. AIB said in a statement to Bloomberg that the settlement has to do with issues that happened between July 2010 and July 2014. Allied Irish Banks was hit with a $2.2

Compliance 100

Compliance Taxes Regulation Policies 100

Abrigo

JUNE 10, 2020

LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said. If you don’t have compliance from the top down, document it, and look for another job,” she says.

Resources 195

Resources Regulation Compliance Policies 195

Abrigo

DECEMBER 30, 2019

Institutions must create a strong culture of compliance. Creating a Culture of Compliance. One of the more important takeaways from 2019 is that all institutions, regardless of size or risk profile, must have a strong culture of compliance, as directed by FinCEN’s advisory in 2014. Ensure There Are Adequate Resources.

Training 195

Training Compliance Leadership Fraud 195

PYMNTS

DECEMBER 17, 2018

It’s been six months since the General Data Protection became law of the land, at least in the European Union, and yet the majority of companies that must be in compliance with that mandate are woefully unprepared. May 25 should have been the wakeup call, but it’s not too late to begin your compliance journey. The time is now.”.

Report 167

Report Fraud Compliance Apple 167

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

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

Compliance 101

Compliance Regulation Community Bank Community 101

FICO

MARCH 24, 2021

The graph below shows the trend of TBML-related SARs filed with FinCEN between 2014 and 2018. Trade finance has traditionally been a resource-intensive manual process because global trade still depends on paper documents, making it susceptible to documentary fraud. Maintain a strong Tone at the Top (“Culture of Compliance”).

Compliance 98

Compliance Study Trends Fraud 98

PYMNTS

SEPTEMBER 9, 2016

PYMNTS recently spoke with Luis Rojas, vice president of product management for Guardian Analytics , an online banking security firm, about the effect of a faster processing environment, the potential for increased fraud and how to mitigate that risk. The Mountain View, Calif.-based People are bracing for a similar spike here,” he added.

Fraud 100

Fraud Analytics Data Payments 100

NCR

JULY 13, 2017

Financial institutions should be braced for a tough fight against fraudsters this year, as they have been warned 2017 is set to be a record year for card fraud losses. Figures from FICO show that in 2016, such attacks were up by 70 percent compared with 2015, on top of a huge 546 percent year-over-year increase from 2014 to 2015.

Fraud 55

Fraud Cards ATM Conference 55

PYMNTS

FEBRUARY 8, 2018

If it’s not holding money or providing a payment network, the program manager does it: AML (anti-money laundering) compliance, KYC (Know Your Customer), fraud mitigation, marketing, privacy, document review, OFAC compliance, reporting and more. Again: It isn’t easy. Schmerling and his team felt there must be a better way.

Management 167

Management Compliance Maine Policies 167

PYMNTS

APRIL 18, 2019

That country enforced a similar regulation in 2014, and businesses reported a subsequent overnight conversion drop of more than 25 percent due to the extra payment steps required. SCA’s goals are laudable by any measure, as the requirement seeks to reduce fraud and make online card-not-present (CNP) transactions more secure.

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

NOVEMBER 26, 2019

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Wayfair ruling have made tax compliance challenges highly visible. Where SSUTA Does — and Does Not — Ease Remote Sales Tax Compliance .

Taxes 141

Taxes South Dakota District of Columbia Compliance 141

PYMNTS

OCTOBER 10, 2018

since 2014 for B2B transactions, but the rail accounts for a mere 8 percent of B2B transactions — and that’s combined with cash. billion via business wire fraud between October 2013 and December 2016, the FBI calculated. ” Some of the latest data from NACHA found use of wire payments has risen in the U.S.

Fraud 116

Fraud Compliance Innovation Payments 116

FICO

MARCH 27, 2017

Four years ago, we at FICO started saying it’s time for banks to upgrade fraud protection in their retail banking departments. Increasing the rate, pace and volume of these payment types, which exit the customer’s checking account directly, will quickly strain banks’ compliance organizations and processes. ACH is a different animal.

Fraud 40

Fraud Compliance Cards Payments 40

American Banker

AUGUST 24, 2023

Circuit Court of Appeals in Manhattan came in a securities fraud lawsuit brought by a trustee for note purchasers in a 2014 syndicated loan deal led by JPMorgan Chase. The decision by the 2nd U.S.

Security 36

Security Fraud Compliance Regulation 36

Banking 2020

AUGUST 27, 2015

The US has been identified as the leading country for card fraud, after a new study revealed almost half of global losses to the crime last year occurred in the nation. In the US, fraud losses equated to 12.75c for every $100 spent in 2014. This is according to The Nilson Report, which found 48.2 per cent of global card volumes.

Fraud 40

Fraud US Cards National 40

NCR

SEPTEMBER 7, 2016

Fraud continues to be a significant challenge for the financial services industry. Statistics from Synergistics showed 53 per cent of internet households that responded to an online poll reported they had previously suffered identity theft or fraud. The organization claimed fraud has risen 71 per cent over the last decade.

Fraud 40

Fraud Cards Study Software 40

PYMNTS

JULY 29, 2019

The app was launched in 2014 and consolidates small coffee providers into a single mobile order-ahead app, granting these shops the capacity to compete. Joe Coffee relies on its payment processor, Stripe , to monitor and tackle any instances of fraud.

Mobile 116

Mobile Fraud Security User Experience 116

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Table of contents.

Fraud 78

Fraud Las Vegas Company Video 78

Independent Banker

OCTOBER 29, 2014

New BSA guidance reinforces having an appropriate ‘culture of compliance’. Community bank compliance professionals know three things about effective compliance management: It starts at the top. As a result, most compliance officers were likely not surprised by the August 2014 “Advisory to U.S. By Mary Thorson.

Compliance 80

Compliance Leadership Resources Virginia 80

PYMNTS

JUNE 12, 2018

Analysts forecasted a 40 percent increase in venture capitalist (VC) funding for construction startups between 2014 and 2017, with investments totaling $375 million last year. There are regulatory implications for these seemingly straight-forward processes, from maintaining compliance to safety mandates, to labor laws.

Fraud 131

Fraud Industry Innovation Technology 131

PYMNTS

NOVEMBER 15, 2019

FinCEN … has been conducting examinations that include compliance with the funds’ travel rule since 2014,” Blanco said. Blanco said the travel rule is the most common violation levied at virtual-based money services.

Data 139

Data Guidelines Regulation Compliance 139

PYMNTS

MARCH 22, 2016

The firm added that it would use the funding to strengthen its position in the industry of fraud detection, blockchain compliance and the like, while helping to promote and improve the transparency of blockchain solutions. and secured $2 million in funding in 2014. via our contacts and knowledge of U.S.

blockchain 100

blockchain Tools Compliance Security 100

PYMNTS

NOVEMBER 15, 2019

FinCEN … has been conducting examinations that include compliance with the funds’ travel rule since 2014,” Blanco said. Blanco said the travel rule is the most common violation levied at virtual-based money services.

Guidelines 125

Guidelines Regulation Compliance blockchain 125

PYMNTS

FEBRUARY 17, 2017

“Now we tell banks to file a (report) on everything that might be criminal,” said Gary Shiffman, CEO of compliance software maker Giant Oak. Plus, compliance with anti-money laundering is expensive — according to the Heritage Foundation, it costs U.S. In 2014, JPMorgan paid out $2.6 In 2012, HSBC had to pay $1.9

Regulation 101

Regulation Compliance Report America 101

PYMNTS

FEBRUARY 4, 2019

The issue dates to 2014, when the procedures were first rolled out by FinCEN, which intentionally left out specific authentication standards that FIs must follow. It did this in hopes that such groups would implement their own high standards and raise the bar for stricter compliance requirements.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

AUGUST 12, 2016

2014, the NIST CSF was released and has rapidly emerged among companies and government organizations as the leading taxonomy and set of best practices for managing cybersecurity risk, both in the U.S. and outside of the country.

Resources 100

Resources National Technology Analysis 100

Fintech Labs Insights

MAY 24, 2017

“To help grow their role and create effective change, compliance needs to embrace the process and tools of change, innovation, and technology,” the blog authors wrote. Further, they pointed out that even senior executives gain from the improvements technology can bring to the compliance challenge.

Compliance 21

Compliance UX User Experience Fraud 21

CFPB Monitor

FEBRUARY 13, 2017

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. Report on fraud in African American and Latino communities. The FTC has authority to enforce the ECOA and Reg B as to nonbank providers within its jurisdiction. Fintech forum.

Report 68

Report Big Data Lending Survey 68

Abrigo

AUGUST 6, 2019

At the recent NYU Law Program on Corporate Compliance and Enforcement , FinCEN Director Kenneth A. FinCEN issued advisory FIN-2014-A008 with red flags that FIs should be on the lookout for to identify possible human trafficking. This advisory should be used for your AML procedures and customization of your AML monitoring system.

System 264

System Las Vegas San Antonio San Diego 264

PYMNTS

MAY 12, 2017

In 2014, its first year in business, the company quickly signed up over 200 customers in Europe and then determined it needed to expand outside the region to build momentum. Meanwhile, Currencycloud draws transaction data to run anti-money laundering and other compliance checks.

Payments 109

Payments Compliance Guidelines Comparison 109

Abrigo

JANUARY 13, 2021

This article originally appeared in the ABA Banking Journal's Risk and Compliance January/February 2020 edition. . Department of Homeland Security, traffickers might use violence, fraud, manipulation, or false promises of well-paying jobs or romantic relationships to lure victims into some type of labor or commercial sexual act.

Training 195

Training Fraud National United States 195