PYMNTS

APRIL 28, 2020

Weber was most recently head of Financial Crime Prevention for the Americas at UBS, spearheading all facets of sanctions, BSA and AML compliance. Rich brings unquestioned integrity, legal acumen, and management experience to DFS,” Lacewell said in the announcement. Weber led high-profile investigations into Silk Road and FIFA.

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PYMNTS

AUGUST 27, 2018

The initial verdicts of General Data Protection Regulation (GDPR) are in, at least in terms of compliance – or lack thereof. In news this past week, studies have shown that compliance rates are indeed low, three months in. are in compliance. How low are the rates? Isolated by a few countries, only 21 percent of firms in the U.K.

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Perficient

JANUARY 4, 2022

Cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Polkadot, and many more, are taking the investment world by storm. As of January 3, 2022, one Bitcoin is valued at $46,920.48 – this recent dip in value comes alongside the panic over yet another new mutated variant of the COVID-19 virus.

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PYMNTS

JANUARY 7, 2020

Investors in the venture include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC and more. . TaxBit was founded by software developers, tax attorneys and CPAs to automate and simplify tax compliance for crypto users. ”

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Banking Exchange

DECEMBER 20, 2021

Pressure to regulate the crypto market continues Compliance Feature3 Feature Duties Compliance Management Compliance/Regulatory Blockchain Bitcoin Cryptocurrency.

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PYMNTS

DECEMBER 23, 2018

The former senior vice president at Mastercard will oversee tZERO’s legal, regulatory, public policy and compliance functions. Alan Konevsky is the new chief legal officer for tZERO.

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Perficient

SEPTEMBER 16, 2022

The letter highlighted mandatory compliance with the following federal regulations: The Bank Holding Company Act. These systems, risk management, and controls must cover: Operational risk , including: the risks of new, evolving technologies, the risk of hacking, fraud, theft, the risk of third-party relationships). Financial risk.

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PYMNTS

MAY 10, 2019

A community-wide effort to improve compliance standards would prevent liabilities that might stem from trading with bad actors or dealers that trade with bad actors,’’ Darius Sit, a Singapore-based managing partner at crypto trading firm QCP Capital, said, according to Bloomberg. “A

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PYMNTS

SEPTEMBER 10, 2019

That’s all we can say on the matter at the moment, but we wish Angelina all the best,” a company spokesperson said, according to Yahoo Finance.

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American Banker

DECEMBER 26, 2023

Grayscale Investments, the cryptocurrency-trust manager vying for U.S. approval to convert the world's biggest bitcoin trust into an exchange-traded fund, says Silbert has resigned as its chairman. He heads a related company that is the subject of lawsuits by U.S. regulators.

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Banking Exchange

MAY 19, 2021

Corporation is the latest regulator to respond to the rapidly growing fintech market Compliance Technology Feature3 Fintech Blockchain Feature Financial Trends Bitcoin Cryptocurrency Compliance Management Compliance/Regulatory.

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American Banker

SEPTEMBER 12, 2023

Franklin Templeton has joined fellow asset manager powerhouses Fidelity and BlackRock in the race to win approval to offer the first U.S. exchange-traded fund that invests directly in bitcoin.

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PYMNTS

DECEMBER 16, 2020

We’re seeing growing interest from traditional asset managers who are adding cryptocurrencies as an inflationary hedge, catalyzed by recent macro-economic policies,” said Raghu Yarlagadda, FalconX CEO and co-founder, in the release. users to avoid running into potential compliance issues.

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PYMNTS

JANUARY 6, 2019

In other news, Vaishali Mehta, who worked as a senior compliance manager at Coinbase, has left the company to become the head of compliance for TrustToken , which produces the TrueUSD stablecoin. Crypto is an exciting place, and I have been lucky to have been a part of this ‘madness,’” Mehta told CoinDesk.

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ABA Community Banking

OCTOBER 10, 2014

Tips to mitigate bitcoin lending risk Management Lines of Business Compliance Risk Management HowTo Credit Risk. 1Risk Management'

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PYMNTS

AUGUST 23, 2019

It is the first compliance alerts solution available across 15 cryptocurrencies. The alerts are designed to help compliance teams focus on the most urgent activity and enforce compliance policies while better allocating resources. “As

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PYMNTS

OCTOBER 17, 2018

Blockchain company DMG Blockchain Solutions is rolling out a new supply chain management solution designed for the legal cannabis market. “The emerging cannabis industry demands product management solutions and blockchain is the most logical choice,” said DMG CEO Dan Reitzik in a statement.

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PYMNTS

NOVEMBER 2, 2020

During phase one, VASPs will have to demonstrate their compliance with these standards, according to the release. The ministry’s AML and CFT policies incorporate the suggested policies set by the Financial Action Task Force (FATF) and will be monitored by the Caribbean Financial Action Task Force (CFATF).

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Bank Innovation

SEPTEMBER 27, 2017

Nexon’s purchase will award it a 65% stake in the Korean exchange valuated at $150 million, as well as its managing rights. […]. EXCLUSIVE- NXC, the holding company of $10 billion Japanese gaming corporation Nexon, has acquired an $80 million (91.3

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PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept.

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PYMNTS

JUNE 14, 2017

Potcoin , the digital cryptocurrency similar to bitcoin but aimed at the legal marijuana market, got much-needed publicity by sponsoring Dennis Rodman’s trip to North Korea. The argument: Compliance with complex requirements was too expensive and did not assure them they would not be prosecuted in the future.

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The Paypers

AUGUST 3, 2016

(The Paypers) Elliptic , a blockchain compliance company, has teamed up with LexisNexis to deliver bank-grade risk management on Bitcoin transactions.

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PYMNTS

OCTOBER 18, 2018

In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult to get banked, thanks to fears over anti-money laundering (AML) violations and other compliance issues. “Time is pressing,” he said.

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PYMNTS

JULY 15, 2019

The company has focused tightly on security as it helps its user base purchase, sell and trade cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin and XRP. The company also uses background checks to help prevent situations in which management or employees are responsible for theft and hacking.

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PYMNTS

JANUARY 26, 2017

The good news is that risk and compliance solutions work. As payments and commerce increasingly move online, the industry has focused heavily on creating powerful risk and compliance solutions to stave off illicit activities. For G2, bitcoin has become an increasingly good indicator of criminal activity, said Frechtling.

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PYMNTS

AUGUST 13, 2018

dollars, has been surging in trading — with daily trading volume around $3 billion, behind only bitcoin. Leonardo Real, Tether’s chief compliance officer, told the WSJ that since Friedman was let go, it has had a hard time finding a reputable firm to audit it. Tether , the digital currency that is purported to be backed by U.S.

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PYMNTS

NOVEMBER 9, 2018

As adoption of payroll cards grows, there are other opportunities for the product to provide value-added services like online account management and balance visibility, or spend management and analysis solutions. As far as bitcoin? Early access to wages is becoming increasingly important for employees, too.

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PYMNTS

MARCH 16, 2018

Even at its smoothest, supply chain management is never the easiest of endeavors. Add to the equation the growing burdens of regulatory compliance stretching across anti-money laundering and know your customer efforts … and record-keeping can become daunting even with the best of efforts. Overnight, it seems, Mt.

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PYMNTS

MARCH 6, 2018

Payments and commerce so often boil down to giving consumers what they want, and the same is looking to be true for blockchain , the popular distributed ledger technology underlying cryptocurrencies such as bitcoin, Ethereum and Litecoin. In 2016, Rakuten acquired a bitcoin wallet startup, Bitnet. Mastercard.

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PYMNTS

JANUARY 20, 2017

According to a report in Forbes , the initiatives, which is being funded via crowdfunding, has attracted equal to 3,000 bitcoin of investments so far, with the crowdfunding raise set to end in February. Identify fraud and compliance management, like KYC and AML, are also high-value propositions for the tool.

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CB Insights

NOVEMBER 2, 2017

It’s been nearly a decade since the financial crisis exposed how a weak risk management framework and lack of governance can almost permanently debilitate even one of the strongest capital markets. The volume of regulation has created more surface area for compliance gaps. Existing infrastructure can’t keep up with regulation.

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Let's Talk Payments

APRIL 20, 2016

Third Key Solutions provides consulting and cryptographic key management solutions for companies using decentralized digital currencies, distributed blockchains and asset-tokens. Chainalysis allows to spot connections between digital identities. The company’s.

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blockchain Company Compliance Technology 40

PYMNTS

AUGUST 20, 2018

The survey stretched across 77 C-level executives, IT managers and others — and of that tally, 76 percent of firms are not currently in compliance with their own information governance policies. As many as 85 percent of firms are boosting budgets over the previous year’s, tied to data privacy and compliance.

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PYMNTS

JULY 5, 2018

Banks and regulators joined together to begin testing a new KYC-compliance solution developed on R3 ‘s Corda blockchain platform. “This self-sovereign model allows corporate customers to create and manage their own identities, including relevant documentation, and then grant permission to multiple participants to access this data.”

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PYMNTS

JANUARY 15, 2018

In an interview with PYMNTS, Jordi Gascon, with EMEA Security at CA Technologies, noted the challenges for banks across the EU, right out of the gate: “PSD2 compliance is a must, and they need to cope with the intrinsic risks of opening their infrastructure to third parties.” Bitcoin Ban or No? But as to what to expect ….

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FICO

APRIL 23, 2019

In between coloring eggs, if you picked up a paper or scrolled through a news site, you probably would have seen the news that $130 million cash was found at the house of the ousted president of Sudan and how the US government foiled a money laundering operation by drug traffickers using bitcoins. Money never sleeps, as they say.

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CB Insights

JULY 20, 2017

Primary categories: Compliance: Companies in this category offer products and services for helping financial institutions meet cybersecurity related regulatory requirements such as Anti Money Laundering (AML), Know Your Client (KYC) regulations, and more. Other companies include Chainalysis , a provider of AML software for bitcoin.

Security 30

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