PYMNTS

JULY 27, 2018

watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. has also sought clarity on regulations as a means to better compete against established banks.

Lending 102

Lending Regulation Fintech Study 102

Abrigo

JANUARY 30, 2023

sales volume averaged nearly 14 percent between 2014 and 2018. Red flags How banks are poised to help stop sanctions evasion According to FinCEN, foreign investment in CRE surged to $72.6 billion in 2021, nearly doubling the previous year’s figure. Foreign investment as a share of total U.S. as a safe haven for investment.

Marketing 195

Marketing Fraud Compliance Training 195

Abrigo

DECEMBER 17, 2021

Adequate staffing is crucial for areas with high regulatory scrutiny , such as the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) and fraud functions. In addition, the document explains how to track volumes of each category and how to analyze the data to give you the correct number of employees to meet all regulator expectations.

Compliance 195

Compliance Training Fraud Resources 195

Abrigo

JANUARY 13, 2023

This alert builds upon FinCEN’s previous 2014 and 2020 human smuggling and human trafficking advisories, providing trends and typologies for financial institutions to watch for. . BSA Rules and Regulation. Fraud Prevention. Fraud Trends. BSA Rules and Regulation. BSA Rules and Regulation. Defining the crime.

social media 195

social media Training San Antonio National 195

PYMNTS

MAY 7, 2018

Accelerating payments mean financial institutions have less time to identify fraud before a transaction clears and settles. In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches. Companies appear to be overconfident in their ability to avoid fraud.

Fraud 118

Fraud Survey Payments System 118

Abrigo

JUNE 4, 2023

Introduction Prioritizing AML compliance resources The regulations laid out in the Bank Secrecy Act (BSA) are intended to promote financial transparency and identify those who misuse the financial system. Civil penalties vary, with regulators authorized to penalize between $5000 and $1,000,000 per violation for each day the breach occurs.

Compliance 195

Compliance Training Resources Regulation 195

PYMNTS

MARCH 31, 2016

This week, PYMNTS, in collaboration with Socure , released the March edition of the PYMNTS.com Digital Identity Tracker TM , featuring all new research surrounding the increase in online fraud fueled by the increase in EMV card chip tech adoption. Fraudsters have been able to stay one step ahead,” said Karen Webster, CEO of PYMNTS.com.

Fraud 100

Fraud Online Resources Survey 100

Abrigo

JUNE 10, 2020

The bank’s Chief Compliance Officer also raised concerns, and in May 2014, the AML Officer ultimately bypassed LaFontaine and sent an email to the then-Chief Risk Officer regarding the cap on alerts, according to the enforcement action. The regulators don’t care what your budget is,” Luttrell says. BSA Rules and Regulation.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

FEBRUARY 17, 2017

A massive lobbying push is expected to follow the proposed rule change — a push that will likely target bank regulators and members of the Senate and House of Representatives finance committees. In 2014, JPMorgan paid out $2.6 But when everything is a priority, nothing ends up being a priority.”. In 2012, HSBC had to pay $1.9

Regulation 101

Regulation Compliance Report America 101

PYMNTS

MARCH 19, 2018

Facebook is facing fresh calls for the government to regulate the company after the news that Cambridge Analytica, a political consulting firm, was able to access data on 50 million users beginning in 2014. Senator Mark Warner also weighed in, saying the incident increases the need for new regulations. Democratic U.S.

Regulation 102

Regulation Data social media Massachusetts 102

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. A September to Remember. Those under €30 ($33.93

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

MARCH 15, 2019

According to reports, UBS, Morgan Stanley and Bank of America were fined in relation to the 2014 IPO of Tianhe Chemicals, which the watchdog flagged for fraud. Subsequently, the financial institutions were scrutinized by the regulator for failing to fulfill due diligence.

America 100

America Regulation Fraud Security 100

Abrigo

JUNE 2, 2021

The guidance emphasizes a risk-focused approach to examinations and refocuses the regulators to scope each exam according to the unique financial institution, not to use a one-size-fits-all approach. Although this advisory is dated 2014, it is top-of-conversation among regulators even today. BSA Rules and Regulation.

How To 195

How To Training Compliance Policies 195

Abrigo

JULY 19, 2021

US law defines human trafficking as the use of force, fraud, or coercion to compel a person into commercial sex acts or labor or services against his or her will. FinCEN previously issued two important advisories, FIN-2014-A008 and FIN-2020-A008, identifying financial and behavioral red flags for human trafficking and human smuggling.

Training 195

Training National Community Policies 195

PYMNTS

DECEMBER 17, 2018

Elsewhere in Europe, and in company-specific news, regulators in the European Union have looked at Apple Pay in reference to market dominance. That comes as the mobile service has expanded to 10 countries in the EU after its 2014 launch. Push Payments Fraud in the Crosshairs. The verdict?

Report 167

Report Fraud Compliance Apple 167

Independent Banker

SEPTEMBER 25, 2014

The better prepared, the less likely they are to run afoul of the continually shifting regulations. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. Be aware of existing or emerging risk concerns. increased operational risks.

Compliance 101

Compliance Regulation Community Bank Community 101

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

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

CFPB Monitor

JANUARY 27, 2015

Mishkin Below is an update on the lawsuits we have been following that state attorneys general and a state regulator have brought using their Dodd-Frank enforcement authority. In April 2014, the defendant removed the case to an Illinois federal court. In May 2014, the defendant filed a motion to dismiss. New York.

Regulation 60

Regulation Illinois Mississippi Florida 60

PYMNTS

AUGUST 29, 2018

When trying to understand the new eIDAS regulations set to go officially online in the EU in September, it helps, Trulioo GM Zac Cohen told Karen Webster, to take a step back and look at the general purpose of the European Union. The EU, Webster noted, was not quite the same place in 2014 as it is in 2018.

Regulation 164

Regulation Guidelines Trends Online 164

PYMNTS

JULY 16, 2019

A group of Venezuelan nationals filed a fraud suit in Florida federal court claiming they were duped into a Ponzi scheme involving cryptocurrency purportedly backed by diamonds. Of the 90 cryptocurrency cases pursued by the SEC, regulators have only tracked down $36 million for investors.

cryptocurrency 115

cryptocurrency Florida Fraud Groups 115

CFPB Monitor

MAY 12, 2021

The Fed’s final rule implementing the Durbin Amendment (Regulation II) went into effect in October 2011. Regulation II capped the interchange fee received by large issuers (with $10 billion or more in assets) to 21 cents plus 0.05% of the transaction. In 2014, in NACS v. Proposed Amendment to Regulation II.

North Dakota 78

North Dakota Cards Regulation Fraud 78

PYMNTS

MAY 12, 2016

According to FT , no public or private action was taken against the bank by regulators after the information was disclosed. regulators didn’t seem inclined to take any real steps toward looking into the claims about BSI’s role in tax evasion at the time. But as the FT’s reports showed, U.K. But as the FT’s reports showed, U.K.

Taxes 100

Taxes Fraud Regulation New York 100

PYMNTS

JANUARY 9, 2019

The pension fund wants a class-action status on the lawsuit and damages for participants in Danske’s American depositary shares from early 2014 to late 2018. The suit accuses Denmark’s largest bank of being “intentionally less than forthcoming” to the country’s regulators, despite a whistleblower making the issue known.

US 134

US New York United States Course 134

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. And others disappear forever.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

NOVEMBER 15, 2019

One part of the anti-money laundering (AML) regulations is the “travel rule,” which compels exchanges to disclose identities of recipients and receivers for money transfers $3,000 or higher. “It FATF also told both regulators and exchanges that they need to comply with the travel rule. 15) that the U.S.

Data 139

Data Guidelines Regulation Compliance 139

Gonzobanker

NOVEMBER 18, 2014

Vaynerchuk delivered our second favorite Gonzo quote of the event (keep reading for the first favorite), “The adage ‘We’re regulated’ is a scapegoat from doing cool s**t.” Fintech by the numbers: 5 CEOs, 10 stage lights, 2 flat panels, and 6 amps (with Hendrix-esque feedback).

Chicago 97

Chicago Retail Branch Design Training 97

Abrigo

JANUARY 13, 2015

During an October 2014 NCUA examination of Palm Springs Federal Credit Union (FCU), a confidential flash drive went missing. The estimated cost of the breach may seem low – fraud protection for 1,600 members at an estimated total cost of $15,000 to $20,000.

Lending 150

Lending Regulation Data How To 150

PYMNTS

JUNE 16, 2018

The initiative eventually hopes to join banks and government agencies that collaborate on contract registration and regulation. European Union sanctions against Russia for its annexation of Crimea in 2014 sparked concerns that SWIFT may remove Russia from its system.

blockchain 113

blockchain National New York cryptocurrency 113

FICO

JANUARY 8, 2018

One of the newer applications of artificial intelligence rose to the top of the Fraud & Security blog last year: anti-money laundering. Here were the top 5 posts of 2017 in the Fraud & Security category: AI Meets AML: How the Analytics Work. Hacked ATMs Lead to 70% Rise in Debit Card Fraud. Read the full post.

Meeting 53

Meeting Fraud Security ATM 53

PYMNTS

JANUARY 10, 2018

billion from ICOs since the beginning of 2014, citing data from Token Data. While ICO popularity increases, regulators have begun to scrutinize the fundraising method, warning over the possibility of lost investments and fraud. Reports from Reuters last month said European businesses have raised $1.76

blockchain 137

blockchain Fraud Data Regulation 137

PYMNTS

NOVEMBER 15, 2019

One part of the anti-money laundering (AML) regulations is the “travel rule,” which compels exchanges to disclose identities of recipients and receivers for money transfers $3,000 or higher. “It FATF also told both regulators and exchanges that they need to comply with the travel rule. 15) that the U.S.

Guidelines 125

Guidelines Regulation Compliance blockchain 125

PYMNTS

SEPTEMBER 13, 2017

As the government steps up against risky and illegal behaviors in the financial sector, it is handing down tough sentences and regulating industries. Reuters reported that the Beijing First Intermediate People’s Court sentenced Ding Ning – chairman of Anhui Yucheng Holdings Group, which rolled out Ezubao in 2014 – to life in prison.

social media 100

social media Fraud Groups Lending 100

PYMNTS

OCTOBER 26, 2018

Cyber frauds are a pervasive, significant and growing threat to all companies, including our public companies,” said SEC Chairman Jay Clayton at the time the report debuted. The South China Morning Post reports that the SFC has set up a form online through a page titled “Reporting corporate fraud and market misconduct.”

Washington 122

Washington Fraud Security Report 122

PYMNTS

OCTOBER 17, 2016

In order to keep their public images intact, many financial institutions in Britain are choosing not to report the full extent of cyberattacks to regulators. According to data from the FCA, the number of reported attacks from banks in Britain has grown from just five in 2014 to 75 so far in 2016. In the U.S.,

Regulation 100

Regulation Security Fraud Report 100

PYMNTS

JUNE 12, 2019

Latin America is the world’s leader in government electronic invoice mandates, as jurisdictions there address issues like invoice fraud and a lack of transparency in government procurement — efforts that proponents of these mandates say can positively influence the private sector.

America 139

America Taxes Regulation Fraud 139

PYMNTS

SEPTEMBER 8, 2019

The server held the resumes of job applicants spanning 2014 and 2017, and included private information such as phone numbers, home addresses, email addresses and prior work experience. While Monster technically does not have to disclose anything to regulators, some companies will still warn their users of an exposure.

Online 184

Online United States Security Data 184