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Big Tech Compliance Tracker: Facebook Faces $6.06 Million Fine From South Korea; Big Tech Tax Becomes Due In France

PYMNTS

Chicago Alderman Proposes Tax on Deliveries. Deliveries by firms like Amazon would be taxed under a plan put forward by an alderman, the Chicago Tribune reported. tax on packages sent by ground to addresses in Chicago that weigh a maximum of 50 pounds and $2.50 Patrick Daley Thompson aims to levy a $1.25 for bulkier parcels.

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Why By-The-Book Compliance Could Be Homesharing’s Next Innovation

PYMNTS

Lyric is not a firm looking to ask for forgiveness rather than permission when it comes to entering new markets in the way Uber and the various firms it inspired have. “We We are really good at regulatory compliance,” Lyric Co-Founder and Chief Executive Officer Andrew Kitchell said in an interview with Bloomberg.

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2022 Dodd-Frank Stress Test Scenarios Released

Perficient

The Office of the Comptroller of the Currency (OCC) recently released the economic and financial market scenarios that will be used in the upcoming stress tests for covered institutions. Equity market volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), declines in 2022 by about 6.5

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Buying into AML risks in real estate

Abrigo

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. The real estate market is enticing to more than just new homeowners or investors. Real estate market AML risks Real estate is a proven, traditional, and well-established marketplace.

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Deep Dive: An Automated Approach To The $2T Global Money Laundering Problem

PYMNTS

The term “money laundering” is believed to have originated as a result of infamous Chicago gangster Al Capone’s habit of channeling criminally obtained funds through laundromats, as their cash-heavy nature made it more difficult for the right side of the law to detect such money mixed in among legitimate payments.

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Real Estate Money Laundering An Increasing Focus Of Governments

PYMNTS

trillion a year, reported Mansion Global, citing data from Accuity, a global risk and compliance company. According to Unger, bad guys tend to purchase properties in cities where the housing market retains its value and typically use a shell company or a business associate to make the real estate deal.

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How Can Real-Time Decisions Improve the Customer Experience?

PYMNTS

During this webinar, we’ll focus on how to improve the customer experience at every decision point while boosting compliance efforts and why it is important for businesses to invest in new technologies to improve the customer experience, maintain compliance, increase profitability, and remain competitive in the marketplace.