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

Payments Source

NOVEMBER 22, 2016

When Credit Suisse AG pleaded guilty in 2014 to helping Americans cheat on their taxes, it promised to help the U.S. root out suspicious accounts. investigators want to know why the Swiss bank neglected to tell them about $200 million in undeclared assets owned by an American client, according to people familiar with the matter.

Taxes 60

Taxes Compliance 60

PYMNTS

DECEMBER 9, 2020

The United Kingdom’s economic and finance ministry, HM Treasury, seeks input on the challenges that the sharing economy creates for value-added tax (VAT).

Taxes 160

Taxes Analysis Compliance Report 160

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

BankUnderground

NOVEMBER 8, 2023

In a new working paper , we show that cap-and-trade schemes lead to lower volatility in GDP and financial variables, and result in reduced welfare costs of the business cycle , when compared to the more widely known carbon taxes. We find that a cap-and-trade system keeps the economy significantly more stable.

Policies 64

Policies Regulation Taxes Compliance 64

Abrigo

SEPTEMBER 19, 2016

Identifying service opportunities is especially important for firms looking to transition from a focus on compliance services , such as tax and audit, to value-added advisory services that might generate higher margins. After all, accountants are commonly known as providing services such as tax preparation and audits.

Taxes 150

Taxes Compliance eBook Resources 150

PYMNTS

DECEMBER 14, 2020

Its complaint alleges that the social media company has participated in a systemic approach, including its 2014 WhatsApp acquisition, 2012 Instagram acquisition and purported imposition of anticompetitive terms on software developers — to take away threats to its monopoly.

Google 132

Google social media Compliance Regulation 132

PYMNTS

MAY 14, 2018

has steadily grown since 2014, now reaching about 400. Financial institutions (FIs) that service the industry, she recently told PYMNTS, “don’t have the compliance people, processes or automated tools in place to meet the required guidelines — and are unknowingly putting their clients at risk.”. policymakers in 2014.

Compliance 130

Compliance Guidelines Industry Taxes 130

PYMNTS

DECEMBER 19, 2019

A total of 41 apps were found to be not in compliance of user data rules, according to regulators, and violations included improperly collecting or using information about visitors to their services. In 2014, Sina lost its license after facing charges of allowing lewd video content to be posted. Sohu.com Ltd. and Xiaomi Corp.

social media 130

social media Regulation Exercises Policies 130

PYMNTS

NOVEMBER 16, 2018

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177

Taxes Payments District of Columbia Alabama 177

Abrigo

NOVEMBER 28, 2014

How many times have you had to refer a client out to another financial services firm because your firm is too busy putting out fires with tax and audit work to provide business analytics or other advisory services ?

Taxes 191

Taxes Survey Technology Comparison 191

Abrigo

MARCH 3, 2015

Offering advisory services like valuation engagements or calculations of value can also provide new options for tax accounting firms to spread work and revenue throughout the year so they can address challenges related to workload compression. But how can you approach existing accounting clients to offer your valuation services?

Taxes 150

Taxes Compliance Strategy Report 150

PYMNTS

APRIL 27, 2016

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. In Colorado alone, pot is expected to pour an estimated $120 million in tax revenue into state coffers this year.

Taxes 100

Taxes Colorado Alaska Cards 100

PYMNTS

APRIL 20, 2016

The reference work, says the company, helps inform treasury and risk professionals about technology and workflow, with an eye on trading, risk controls and compliance. Treasury proposed Simplified Tax Accounting Method for VNAV funds. To be blunt, this isn’t your grandfather’s money market anymore. two years ago to 3.2

Taxes 100

Taxes Regulation Management Marketing 100

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

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. According to Mugford, fraud and regulatory compliance are a headache for banks and corporates regardless of payment rails used, but remain of paramount importance.

Fraud 116

Fraud Compliance Innovation Payments 116

PYMNTS

AUGUST 5, 2019

Consumers worldwide appear increasingly receptive to subscription offerings, with a recent survey of those in 12 countries finding the share of adult respondents who have subscription services rose from 53 percent in 2014 to 71 percent in 2019.

Payments 115

Payments Compliance Operations System 115

Abrigo

FEBRUARY 24, 2020

Compliance and anti-money laundering (AML) is going green… or is it? In December, the United States Government Accountability Office released a report to Congress that addressed compliance challenges associated with money transmitter accounts.

Illinois 195

Illinois Regulation United States California 195

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

JULY 3, 2018

Obstacles such as regulatory challenges, compliance with standards like GDPR and trade concerns were among the top reasons that companies were unable — or chose not — to go global. Those that felt ready had invested in knowledge of local markets and tax codes, new tech and/or new vendors.

National 101

National Charlotte Regional Operations 101

CFPB Monitor

NOVEMBER 17, 2014

” On December 12, 2014, from 12 p.m. In the proposal’s background information, the CFPB acknowledges that it found “a significant majority of [prepaid] products are already substantially in compliance with existing. ET, Ballard Spahr attorneys will hold a webinar on the proposal. A link to register is available here.

Study 74

Study Cards Regulation Taxes 74

PYMNTS

FEBRUARY 13, 2018

Some of those pieces include onboarding suppliers, reducing payment errors submitting reports and tax forms, following local rules and regulations, providing global payments reach and managing invoice versus non-invoice workflows.

Branding 103

Branding Payments Operations Resources 103

Jeff For Banks

FEBRUARY 3, 2017

Third, the explosion in regulations over the past eight years has served to hinder businesses, especially new small business formation, and has drained valuable resources as compliance costs soared. Corporate and personal tax cuts were promised, with the corporate rate dropping from 35% to 15%.

Marketing 60

Marketing Taxes Regulation US 60

CFPB Monitor

NOVEMBER 21, 2014

Marc Patterson On November 18, 2014, the CFPB staff and Federal Reserve Board co-hosted a webinar that addressed questions about the Final TILA-RESPA Integrated Disclosure Rule that will be effective for applications received by creditors or mortgage brokers on or after August 1, 2015. g)(1)(ii)).

Taxes 120

Taxes Examples Maine Industry 120

Independent Banker

SEPTEMBER 22, 2015

Recently Congress passed the Biggert-Waters Flood Insurance Reform Act of 2012, followed by the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). At first blush, this new general rule might provide for considerable fear among compliance and lending personnel. taxes and insurance. Force-placed insurance.

Regulation 70

Regulation Policies Community Bank Taxes 70

Banking 2020

MARCH 19, 2015

Launching a business in either arena means ploughing through a plethora of compliance mandates, all designed specifically to protect the customers of each. That makes for some serious confusion about what’s in compliance, and what’s not. billion for 2014—did indeed get back some $400,000 of the money that was stolen.

Regulation 40

Regulation America Compliance Industry 40

Banking 2020

JUNE 2, 2015

Last year, 2014, could be described as the transition year for transaction banking, seeing the recovery from the financial crisis and the promise of a strong future growth. 2014 also saw a convergence of many regulations, including Basel III, the Foreign Account Tax Compliance Act and the Dodd-Frank Act, which all impact this area.

Analytics 40

Analytics Compliance Boston Strategy 40

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions.

Online 98

Online Company Retail Payments 98

CFPB Monitor

OCTOBER 30, 2014

Mishkin While mortgage and student loan servicing violations cited by the CFPB in its Fall 2014 Supervisory Highlights have grabbed the headlines, the report also includes noteworthy observations regarding the violations found by the CFPB in debt collection, electronic fund transfers and consumer reporting.

Report 87

Report Policies Payments Regulation 87

CFPB Monitor

OCTOBER 7, 2014

Marc Patterson On October 1, 2014, the CFPB staff and Federal Reserve Board co-hosted a webinar that addressed questions about the Final TILA-RESPA Integrated Disclosure Rule that will be effective for applications received by creditors or mortgage brokers on or after August 1, 2015. Section 1026.37(f)(1)(i)

Taxes 114

Taxes Payments Industry Compliance 114

CFPB Monitor

MAY 15, 2015

The safe harbor would apply until 30 days after the date that the CFPB Director publishes a certification in the Federal Register that the TRID rule model disclosures (the Loan Estimate and Closing Disclosure) are accurate and in compliance with all state laws. Unlike the Mortgage Choice Act of 2015 (H.R.

Study 60

Study Policies Industry Lending 60

PYMNTS

MAY 13, 2016

Gameday Merchandising currently ships to 54 countries using FedEx CrossBorder , which is FedEx’s eCommerce technology solutions platform previously known as Bongo International (acquired by FedEx in December 2014). Gameday Merchandising first partnered with Bongo about five years ago.

Los Angeles 100

Los Angeles US Oregon Miami 100

Tomorrow's Transactions

NOVEMBER 5, 2014

The BayPay Forum (@baypayforum) November 2, 2014. According to a KPMG survey, the cost of compliance with anti-money laundering (AML) regulations grew “beyond expectations” for banks last year. This is astonishing when you consider the incredible amounts of money spent on AML. In fact, it grew by nearly two-thirds.

Las Vegas 55

Las Vegas Regulation Analysis Exercises 55

Fintech Labs Insights

JUNE 11, 2015

Last fall we held our first developer’s conference, FinDEVr San Francisco 2014 , and saw an impressive showcase of APIs and SDKs from a dozens of companies. Avalara , creates software for automated tax compliance. Braintree , a PayPal-owned company that creates payments processing and compliance APIs.

San Francisco 12

San Francisco Company Conference Software 12

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Zenefits skirts compliance regulations. In 2014, mobile payments company Mozido was valued at $2.3B. In 2014, Marcus and Mitch Weller caused quite a stir across Silicon Valley when they announced Skully, their augmented reality motorcycle helmet company. Table of contents.

Fraud 78

Fraud Las Vegas Company Video 78

Fintech Labs Insights

JULY 22, 2015

Avalara will detail the Weird and Wacky World of Sales Tax. Did you know that sales-tax in the U.S. There are over 12,000 taxing jurisdictions covering millions of taxability rule combinations. Spreedly APIs minimize the complexity, cost, and risk of PCI compliance and payment integration.

San Francisco 12

San Francisco Video Fintech Data 12

William Mills

SEPTEMBER 7, 2016

Andrew just needs to review the account and forward on to compliance for their review. Andrew can snooze until Compliance has done their work so his workspace is not cluttered. Built a workflow for the bank so the bank can approve payment and see all compliance and tax information. Their application is middleware.

Mobile 40

Mobile Cards Fraud Data 40