Perficient

APRIL 14, 2022

debt market, the Financial Industry Regulatory Authority (FINRA) developed the Trade Reporting and Compliance Engine (TRACE) in 2002 to facilitate the mandatory reporting of OTC bond transactions in eligible fixed-income securities. To promote transparency in the large U.S. Treasury Securities to TRACE. Interested in learning more?

Report 294

Report Compliance Security Regulation 294

PYMNTS

JANUARY 29, 2021

eCommerce giants, India is considering revising its rules after allegations surfaced that Amazon and Walmart’s Flipkart devised ways to sidestep investment regulations. India changed its foreign direct investment (FDI) rules in 2018 to stop international firms from selling goods from merchants they have a financial stake in.

Regulation 178

Regulation US Policies Compliance 178

CFPB Monitor

NOVEMBER 8, 2021

The California Department of Financial Protection and Innovation has published a fourth round of modifications to implement SB 1235 , the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California Compliance 78

PYMNTS

DECEMBER 3, 2019

If banks have additional questions regarding the Agriculture Improvement Act of 2018 (2018 Farm Bill) and its regulations, they can contact the USDA, state departments of agriculture and tribal governments. It was amended to include the Patriot Act, which requires every bank to adopt a customer identification program.

Regulation 137

Regulation Guidelines FDIC Conference 137

Insights on Business

MARCH 19, 2018

Maintaining regulatory compliance is a daunting task. Up to 200 regulatory changes occur every day, varying from large scale regulation like Dodd Frank, to minute changes to the font and size of footnotes in regulation text. Enter, IBM Watson Compliance. Confusion can become expensive in the compliance industry.

Compliance 135

Compliance Meeting Regulation Comparison 135

PYMNTS

DECEMBER 7, 2020

UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms. government, the digital industry contributed almost 150 billion pounds (roughly $201 billion) to the country’s economy in 2018.

Apple 143

Apple Regulation Taxes Marketing 143

CFPB Monitor

AUGUST 12, 2021

SB 1235 requires the DFPI to issue regulations implementing the specific requirements of the disclosures that must be given to recipients. Compliance with the new disclosure requirements is not required until the DFPI’s final regulations become effective. Modifications to the proposal were issued in April 2021.

CA 78

CA Regulation California New York 78

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. financial institutions (77 percent) for AML compliance.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

SEPTEMBER 13, 2019

Many firms are likely to fall afoul of compliance , especially if they want to field international transactions. 62 percent: Portion of London firms reporting a rise in GDPR requests since 2018. 62 percent: Portion of London firms reporting a rise in GDPR requests since 2018. The potential impact may be significant.

Compliance 156

Compliance Data Tools Management 156

CFPB Monitor

JUNE 18, 2019

Last week, the FDIC published its Consumer Compliance Supervisory Highlights that provides observations about its consumer compliance supervision activities in 2018. Regulation E – Mistakes Made in the Consumer Liability/Error Resolution Process. The CFPB has frequently noted similar findings of Regulation E violations.).

FDIC 60

FDIC Compliance Regulation Training 60

Insights on Business

MAY 1, 2019

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes. Greater availability of data, facilitated by real-time integrations makes it possible for compliance experts to monitor a wide variety of sources.

Compliance 122

Compliance Management Regulation Analysis 122

PYMNTS

SEPTEMBER 17, 2018

According to Sid Nair, senior director of transport and compliance at Teletrac Navman, fleet managers appear to be adopting technologies like ELDs merely to maintain compliance. “That’s likely due to tech fatigue, especially in the wake of regulations that [demand] new technology, like ELDs.”

Compliance 139

Compliance Industry Technology Data 139

PYMNTS

DECEMBER 17, 2018

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo.

Capital 116

Capital Compliance Report Software 116

Insights on Business

JANUARY 22, 2018

As we enter a new year, uncertainty in the risk and compliance landscape is as evident as ever. The amount of regulations and pace of change continues to be overwhelming. Topics that will be discussed are: How will FinTech innovation shape the compliance and risk management landscape for regulated firms? Register here.

Compliance 105

Compliance Risk Management Meeting Regulation 105

CFPB Monitor

APRIL 14, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued modifications to its proposed regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California New York 78

CFPB Monitor

FEBRUARY 26, 2019

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. In 2018, the FTC began a series of public hearings called “FTC Hearings on Competition and Consumer Protection in the 21 st Century.” Auto buyer study.

Report 87

Report Study Analytics Lending 87

Insights on Business

JANUARY 25, 2019

Looking at the top five blog entries of 2018, we see that using technology to meet the ever-increasing scale and rate of regulatory change is top of mind for financial service organizations. As Marc Andrew’s notes in his blog, Demystifying AI for risk and compliance , in 2018, we saw AI tackle exhausting regulatory requirements.

Marketing 79

Marketing blockchain Compliance Innovation 79

PYMNTS

OCTOBER 5, 2018

In the rundown of how individual countries rank, in terms of regulators levying fines on people and corporations, the United States tops the list. billion through the first six months of 2018, where last year showed $18.4 Regulators globally are also using a wider range of enforcement tools in an attempt to improve conduct,” he said.

Regulation 128

Regulation US United States Compliance 128

PYMNTS

FEBRUARY 20, 2019

It will also help us bring more cryptocurrencies and features to more people, while helping ensure compliance with local laws and regulations.” ” In other news, new information has shown that Bitmain lost about $500 million in the third quarter of 2018.

Bitcoin 164

Bitcoin cryptocurrency blockchain United States 164

Insights on Business

FEBRUARY 27, 2018

A common assumption in risk and compliance is that financial institutions typically have to spend more to meet their regulatory obligations. They demonstrated their new approach to achieving compliance through technology at IBM RegTech Europe in London. “Meaning, [regtech] is a teammate.

Compliance 98

Compliance Risk Management Management Regulation 98

Abrigo

DECEMBER 5, 2019

Banking regulators, state regulators, and FinCEN release joint statement. The much-needed guidance comes almost a year after The Agriculture Improvement Act of 2018 (2018 Farm Bill) was signed into law. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation. Cannabis Banking.

Regulation 195

Regulation United States Training Compliance 195

PYMNTS

MARCH 5, 2019

The specific reasons for the non-compliance was not released. One of the rules required banks to connect with the SWIFT messaging system for banks by April 30 of 2018. When RBI checked for compliance, it found gaps in more than 20 places. Some bankers said they’ve since corrected the issues.

Compliance 140

Compliance Fraud Guidelines System 140

Abrigo

JANUARY 3, 2024

Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a new regulation on the requirements, including how AML staff will access the information through a new federal beneficial ownership information (BOI) registry. This definition is different from existing customer due diligence (CDD) rules that took effect in 2018.

Fraud 221

Fraud Regulation Report Compliance 221

Insights on Business

FEBRUARY 15, 2018

New methodologies and technologies such as artificial intelligence are empowering firms to finally gain control of their risk and compliance efforts. Transforming the way compliance departments operate to meet the new reality requires an investment in technology.

Las Vegas 87

Las Vegas Compliance NV Meeting 87

PYMNTS

FEBRUARY 1, 2021

million fine for violating anti-money laundering (AML) regulations, The Wall Street Journal reported on Monday (Feb. The alleged offenses spanned more than four years between April 2014 and September 2018. Apple Bank was asked to hire staff, conduct AML risk assessments and implement a Bank Secrecy Act compliance solution. .

Apple 150

Apple FDIC New York Compliance 150

PYMNTS

OCTOBER 5, 2018

. In the rundown of how individual countries rank, in terms of regulators levying fines on people and corporations, the United States tops the bill. billion through the first six months of 2018, where last year showed $18.4 billion over the corresponding period. million euros in 2016 to 2.9

Regulation 100

Regulation US United States Compliance 100

PYMNTS

JUNE 9, 2020

The EU enacted open banking rules in 2018, inspiring regulators worldwide to reconsider how they were transacting funds or transmitting data. The COVID-19 pandemic’s impact on daily business has generated new questions surrounding these initiatives that regulators are now scrambling to answer. and the EU. Australia and Canada.

Regulation 132

Regulation Online California Regional 132

PYMNTS

DECEMBER 12, 2018

Bitwala has rolled out digital currency banking services in Germany through a partnership with a regulated FinTech firm that has a banking license, CoinDesk reported. Through the offering, customers can control deposits in both euros and bitcoin (BTC), in the same place, through the “safety and convenience” that a bank account provides.

Bitcoin 139

Bitcoin Google United States Analysis 139

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. billion — 91 percent — of those penalties, while European regulators demanded $1.7 imposed a full $23.52

Fraud 189

Fraud Fintech Compliance Regulation 189

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. The regulators don’t care what your budget is,” Luttrell says. Get adequate resources.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

APRIL 30, 2019

While 2018 was a challenging year for the industry, I am pleased with the ways in which our team navigated difficult market dynamics, and believe we are well-positioned to scale our business strategically over time,” Novogratz said in a press release. Galaxy Digital Holding revealed that it had $249.1 The decrease was mainly due to $48.7

Bitcoin 100

Bitcoin Company social media cryptocurrency 100

PYMNTS

OCTOBER 5, 2020

Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. Compliance Complexities. Orchestrating A Solution.

Cards 207

Cards Data Compliance Payments 207

PYMNTS

JULY 5, 2020

The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. It’s intended to “enhance the availability of financial services and the financial transparency of hemp-related businesses in compliance with federal law,” the notice said.

US 352

US Nevada Arizona Guidelines 352

Abrigo

FEBRUARY 10, 2023

Keep leadership informed on AML/CFT trends to ensure a strong culture of compliance at your financial institution. Introduction Corporate Transparency Act guidance FinCrime professionals have been on high alert for new regulations since the Anti-Money Laundering Act of 2020 (AMLA) was signed into law, but updates have been slow to arrive.

Fraud 195

Fraud Training Regulation Compliance 195

Insights on Business

DECEMBER 12, 2018

This past year brought governance, risk and compliance (GRC) to the center stage. Organizations in financial services and other sectors witnessed an increase in “airtime” given to risk and compliance issues at the board level. GRC Coming of Age in 2018. Drive efficiency across risk & compliance processes.

Innovation 111

Innovation Compliance User Experience Regulation 111

CFPB Monitor

JUNE 11, 2019

The Federal Trade Commission recently provided its annual letter to the CFPB concerning its enforcement activities relating to compliance with Regulation Z (Truth in Lending Act), Regulation M (Consumer Leasing Act), and Regulation E (Electronic Fund Transfer Act). Regulation Z/TILA; Regulation M/Consumer Leasing Act.

Report 60

Report Regulation social media Policies 60

PYMNTS

NOVEMBER 10, 2020

Part of an investigation launched in 2018, the updated charge sheet questions if Amazon abused its position to use merchants’ collected data against them. PYMNTS ’ most recent big tech compliance tracker indicates that investigations into Amazon’s business practices as well as other big tech firms have been ongoing in the EU and the U.S.

Data 185

Data Illinois Taxes Compliance 185