article thumbnail

Buying into AML risks in real estate

Abrigo

Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. The real estate market is enticing to more than just new homeowners or investors. New York City and Miami were the original targets under the first order in 2016.

El Paso 195
article thumbnail

Santander Adds Three Lending Executives

PYMNTS

Smith is new to the bank and will be based in Boston, overseeing the strategic direction, product pricing and portfolio management of the Small Business Banking division, Santander stated in the announcement. Santander’s hires come as federal regulators are strongly encouraging banks to increase small loans to consumers.

Lending 160
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Themes & Takeaways From the 2022 Real-Time Payments & Fraud Management Summit 

Perficient

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . The conference was attended by several Financial Institutions, Service Providers, Fintechs, and Industry Regulators.

Fraud 275
article thumbnail

FinCEN Reissues Real Estate Geographic Targeting Orders: What does this mean for you?

Abrigo

The threshold amount was lowered in 2018 , as it was determined that money laundering is widespread in accessible real estate , not only on higher - end properties. New York City and Miami were the original targets under the first order in 2016, but it has expanded periodically since then. BSA Rules and Regulation.

article thumbnail

GlobalEcon Grows Chinese Presence With Shanghai Office

PYMNTS

“The Greater China team is engaged in services of a broad range of competition and regulation issues, including merger analysis, antitrust and intellectual property, abuse of dominance /monopolization and cartels and collusion, financial regulation, public utilities regulation and more,” according to the announcement.

Analysis 130
article thumbnail

DraftKings Cuts Deal With Turner Sports, Bleacher Report

PYMNTS

The Boston-based sports fantasy operator said in the release Thursday (Oct. Regulated betting is quickly becoming a fixture of modern sports entertainment, and this collaboration with Turner Sports further scales the reach of our products and content to engage fans,” said Ezra Kucharz , DraftKings’ chief business officer, in the release.

Report 141
article thumbnail

Bitcoin Futures Rollout In Jeopardy

PYMNTS

Intercontinental Exchange ( ICE )’s plans to launch bitcoin futures in November of last year have been delayed because of regulators. According to the paper, what’s holding up approval is a disagreement about how Bakkt (the name for the bitcoin futures) should be regulated.

Bitcoin 116