PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. The IRS has accepted digitally filed tax documents and issued digital refunds for years, and it received approximately 29 million electronic returns via direct deposit between February 2018 and February 2019.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community.

Compliance 186

Compliance Regulation blockchain Taxes 186

PYMNTS

NOVEMBER 22, 2019

Politicians, as well as privacy advocates, have asked regulators to block the deal. Lawyer George Isaacson argued Wayfair’s side in the landmark 2018 South Dakota v. Isaacson has watched remote sales tax policies unfold since that time in a flurry of new laws that differ by state, and even municipality. South Dakota Decision.

South Dakota 101

South Dakota Apple Taxes Cards 101

FICO

MAY 25, 2017

million digital records exposed the dark deeds of dirty money and tax evasion and burst the bubble of pretense that the world is effective at dealing with corruption. One in five banks in Asia Pacific say that they expect tax evasion to increase 100 to 500 percent over last year’s levels according to a recent poll by FICO.

Taxes 40

Taxes Survey Compliance Regional 40

PYMNTS

OCTOBER 22, 2018

The report excluded data on shop-at-home purchases and includes information about frauds reportedly directly to the FTC between January and September of this year. In all, losses to this emerging and increasingly occurring form of fraud reached $40 million in 2017, doubling the $20 million in losses reported 2015. Some major U.S.

Data 134

Data Fraud Cards Regulation 134

CFPB Monitor

JULY 6, 2021

The Priorities have been much-anticipated because, under the AML Act, regulators will review and examine financial institutions in part according to how their AML/CFT compliance programs incorporate and further the Priorities, “as appropriate.”. A prime example of this problem is the inclusion of “fraud” as a Priority.

United States 78

United States Fraud Regulation Compliance 78

PYMNTS

MARCH 6, 2019

” Accounting strategies can not only boost transparency for regulators and visibility for a firm’s own leadership, but regulators say they can also promote security. ’s 9,000 publicly listed companies spiked in 2018 after consistent declines since 2006. Last October, the U.S. In the U.K., In the U.S.,

Report 139

Report Leadership Regulation California 139

PYMNTS

DECEMBER 8, 2016

Not so for other parts of the world: Government mandates are looking to reduce corruption and fraud and enhance reporting capabilities through eInvoicing requirements. company looking to do work abroad, it means you can’t ignore these various regulations, either. And if you’re a U.S. companies to go digital.

Compliance 100

Compliance Regulation Taxes Fraud 100

PYMNTS

FEBRUARY 21, 2018

Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

Abrigo

DECEMBER 20, 2021

Millions of dollars in suspicious activity were not reported to FinCEN in a timely or accurate manner, including those connected to tax evasion, illegal gambling, money laundering, and other financial crimes. . The AML Act of 2020 will more than likely overhaul the 2018 CDD rule with stricter beneficial ownership requirements.

Resources 195

Resources Texas Analysis System 195

PYMNTS

APRIL 1, 2019

workforce (36 percent) participated in the gig economy during 2018. A December 2018 survey from Connect Solutions found that this kind of remote employment offers perks for both workers and employers. According to a recent report, slightly more than one third of the U.S. That figure is projected to increase to 43 percent by 2020. .

Payments 183

Payments Survey Online Company 183

PYMNTS

NOVEMBER 7, 2019

Brazil’s potential customer base tempts global subscription service providers, as the South American country boasts a population of 200 million and had 132 million people with internet connections in 2018. percent tax on foreign merchant transactions by using local payment methods.

Online 100

Online Payments Cards Fraud 100

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. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. .

Taxes 141

Taxes South Dakota District of Columbia Compliance 141

FICO

JANUARY 18, 2019

Despite advances in customer due diligence, including the addition of advanced analytics to compliance officers’ toolkits, the scandals of 2018 confirmed that many banks are struggling to bring their operations up to regulators’ standards, to say nothing of best practices.

Compliance 40

Compliance Regulation Taxes Analytics 40

Jeff For Banks

NOVEMBER 24, 2019

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Clearly, blue-suit regulators stood out. However, it seems unlikely that McConnell didn't orchestrate the fraud.

National 78

National West Virginia Virginia Pennsylvania 78

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. billion in 2018 growing to $1.1 Benjamin Franklin.

Fintech 183

Fintech blockchain Lending Digital Banking 183

CB Insights

FEBRUARY 13, 2020

Fraud prevention tools. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items.

Online 98

Online Company Retail Payments 98

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

FEBRUARY 18, 2019

We had roughly 340 execs register to listen live to the two of us banter about the people, processes and tech necessary to do more than simply rebrand what’s typically described as the fraud and risk departments of digital platforms. Pretty much all businesses are self-interested, since most have a duty to their shareholders to make profits.

Cards 169

Cards Course Study New York 169

PYMNTS

JANUARY 31, 2020

That may not sound like a lot, but that is almost double from 2018. Data for ransomware, tax evasion and money laundering, however, is likely underestimated because it is hard to track. Far from it, those technology forms, with regulation and oversight, could and likely will be powerful tools going forward.

Bitcoin 100

Bitcoin Payments Los Angeles blockchain 100

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. of monthly spend across 28 countries in Europe as of September 2018. valuation and crossed 1M accounts in September 2018. in funding and over 5.5M

Retail 78

Retail Cards Millennials Mobile 78

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

CB Insights

OCTOBER 26, 2020

This regulation reduced trading profits and created a need to cut costs, spurring investment banks to spin off unprofitable divisions or eliminate them entirely. And across equity research and sales & trading, poor performances and new regulations have led to widespread layoffs as banks have figured out they can do more with less.

Management 78

Management Capital Company Marketing 78

PYMNTS

JANUARY 10, 2019

trillion) in 2018 alone, and growing at double digits into the current year. Platform operators and merchants must conduct due diligence related to everything from intellectual property and tariffs to tax laws and FX rates. Working with Regulators. Top markets include Japan, the United States and Korea.

United States 158

United States Regulation Compliance Strategy 158

PYMNTS

NOVEMBER 22, 2019

How Wahlburgers Keeps Fraud Off The Order-Ahead Menu. Lawyer George Isaacson argued Wayfair’s side in the historic 2018 South Dakota v. Isaacson has watched remote sales tax policies unfold since that time in a flurry of new laws that differ by state, and even municipality. The survey showed that 60.5 Wayfair case.

South Dakota 108

South Dakota Google Taxes Branding 108

Abrigo

FEBRUARY 2, 2020

The importance of FinCEN’s Customer Due Diligence (CDD) Rule , effective May of 2018, is evident, and regulator expectations are high. The CDD Rule amended the Bank Secrecy Act regulations to strengthen customer due diligence requirements for financial institutions. BSA Rules and Regulation. In fact, the U.S. Learn More.

United States 195

United States Regulation Delaware Policies 195

PYMNTS

DECEMBER 7, 2017

million in Series A funding, provides blockchain-native accounting, auditing and tax software for blockchain and crypto companies and the financial professionals that service them. Earlier this month, reports in Bloomberg Law predicted regulatory oversight will ramp up in 2018 when it comes to cryptocurrency exchanges, for example. “I

blockchain 131

blockchain cryptocurrency Software Regulation 131

CB Insights

OCTOBER 29, 2018

Sears declared bankruptcy in October 2018. Back in the mid-1990s, Deutsche Bank was looking to compete with Wall Street banks like Goldman Sachs and JP Morgan by acquiring institutions like Bankers Trust, a troubled Wall Street firm that had just suffered a corporate accounting fraud scandal. Don’t fail. super-company.

Google 76

Google Software Innovation Company 76

CB Insights

JUNE 6, 2019

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business. Declared Bankruptcy: 2018.

Apple 78

Apple Branding Google Company 78

PYMNTS

MAY 23, 2019

Calk ignored internal standards at the lender and lied to regulators in order to approve the loans. During his trial in 2018, prosecutors contended he was struggling to manage mountains of debt. The indictment shines a spotlight once again on Manafort’s financial situation when he was working for the Trump campaign.

Chicago 109

Chicago New York Washington Video 109