Chicago Compliance Operations Security 
PYMNTS
FEBRUARY 22, 2019
Office of the Comptroller of the Currency (OCC), over deficiencies that the OCC identified in the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. The OCC identified the deficiencies in the bank’s branches in New York, Los Angeles and Chicago. MUFG Bank said the OCC recognized improvements the bank made to its U.S.
PYMNTS
MARCH 18, 2019
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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PYMNTS
SEPTEMBER 29, 2020
The Chicago-based FinTech announced on Tuesday (Sept. A division of Partner Colorado Credit Union, Safe Harbor provides a compliance-based banking program for cannabis businesses. Alternative payments platform AeroPay is looking to accelerate its growth after closing a seed round of capital led by a top FinTech investment firm.
PYMNTS
MARCH 25, 2019
Those controversies have notably played out in San Francisco , though other cities, including Chicago and Los Angeles, are going through them at their own pace. And investors are still pouring capital into companies operating in the sector.
Independent Banker
OCTOBER 1, 2022
But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.
PYMNTS
MARCH 25, 2019
A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). Those firms, noted The Chicago Sun Times , would still be subject to federal laws (and possible prosecution under those laws). “I
PYMNTS
NOVEMBER 15, 2019
S urvey found that banking customers are increasingly placing a higher value on convenience, personal data security and appealing products. ATMs have become more advanced in recent years, offering unprecedented convenience and security with cameras, passcodes and biometric fingerprint and retina scanners. ATMs Get Smarter.
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