Capital One tackles Discover compliance issues
Payments Dive
FEBRUARY 28, 2024
Capital One is betting the resolution of Discover’s compliance issues will take longer and cost more than expected, Capital One CEO Richard Fairbank said.
Payments Dive
FEBRUARY 28, 2024
Capital One is betting the resolution of Discover’s compliance issues will take longer and cost more than expected, Capital One CEO Richard Fairbank said.
Perficient
APRIL 8, 2024
Addressing these deficiencies required a comprehensive approach, leading to the establishment of critical programs like the US Bank Holding Company (BHC) regulatory and comprehensive capital analysis and review (CCAR) program. Supporting the change management team in building a robust governance structure for program PMO activities.
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Abrigo
JUNE 14, 2021
Create an effective sanctions program Considering the current economic and political environment, it is crucial that financial institutions maintain a strong sanctions compliance program (SCP). Takeaway 1 OFAC has issued new guidance on the essential components of a strong compliance program. learn more.
Abrigo
JUNE 4, 2023
The consequences of noncompliance While pulling back on AML compliance spending is tempting, it is especially important today that financial institutions have a robust AML program. Takeaway 2 Recent cases have shown that now is not the time to let up the gas on AML compliance. BSA enforcement actions are on the rise. When the U.S.
PYMNTS
OCTOBER 9, 2020
Venture capital funding landed at supplier payment and compliance automation firms this week, among other B2B innovators that raised money. Durable Capital Partners led the funding round, while 01 Advisors and Greenoaks Capital participated. “We Strike Graph , a compliance automation firm, has launched with a $3.9
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.
PYMNTS
JANUARY 15, 2021
15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). According to a statement from FinCEN , Capital One admitted to failing to implement and maintain an effective anti-money laundering (AML) program.
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