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Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom

PYMNTS

And legislation looms here in the United States that would set regulatory hurdles – and, depending on how you look at it, guardrails – on stablecoins in general. Companies that seek to issue stablecoins will have to get approval from the Fed, the FDIC and other regulators at least six months prior to launch. Casting a Wide Net

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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 limited regulation around the real estate industry has made it especially easy for these bad actors to cycle their dirty money into the financial system using this avenue. In 2017, over 5.51

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Street Cred: How One Spa Entrepreneur Is Navigating The COVID-19 Crisis

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It starts with an undergrad degree from Boston College and a law degree from Boston University. But a slew of Boston area residents are thankful that she hasn’t. Then she purchased two adjacent buildings and re-purposed them into one 13,500-square-foot facility where it is now the leading destination spa in metropolitan Boston.

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FinCEN reissues real estate Geographic Targeting Orders

Abrigo

26, 2022 , t he Financial Crimes Enforcement Network (FinCEN) reissued its Geographic Targeting Orders (GTOs) to expand its designated United States metropolitan areas. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation. FinCEN GTO extended to combat real estate money laundering.

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The Divided States Of Public Opinion On FinServ Regulation

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That financial regulation is divisive among legislators is not exactly a big revelation. regulators, according to the Boston Consulting Group. Those numbers are expected to increase as more Asian and European regulators are becoming increasingly active. Ask Texas Republican U.S.

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Eastern Bank Readying For IPO

PYMNTS

Boston-based Eastern Bank , the nation’s largest mutual, is pushing ahead with plans to go public and shed its long-time format in a move that could raise nearly $2 billion, according to a press release. The more than 200-year-old bank, originally founded 1818, has filed plans notifying the U.S.

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Report: US Antitrust Head May Step Down In 2021

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The Boston Globe reported in August of that year. Reuters said the Justice Department did not immediately provide a comment when contacted. Delrahim was confirmed to the post by the U.S. Senate in September 2017 after a delay of several months due to a move by U.S. Elizabeth Warren (D-Mass.), and a staff lawyer with several high-level U.S.