PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. Unfortunately, the report found, recent tax reform in the U.S.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

MARCH 5, 2018

And so, the SEC might be shorthand for “Scare Every Cryptocurrency Firm.”. game have been drawing increased scrutiny from regulators … everyone from exchange operators to miners. game have been drawing increased scrutiny from regulators … everyone from exchange operators to miners. On the one hand, the move is hardly unexpected.

Bitcoin 123

Bitcoin cryptocurrency Regulation Course 123

PYMNTS

JANUARY 17, 2019

It’s also about accounting for the industry in which a business operates, and what kind of back-end systems are already in place, even geographic location — all of which impact the way small businesses want to manage and pay their employees. ” In the U.S.,

Capital 173

Capital Tools Survey Management 173

FICO

FEBRUARY 27, 2019

“Asia’s reputation for financial probity may take a long time to recover fully and it seems that our region’s bankers agree that we are just at the start of a compliance technology and process overhaul that may take many years to complete,” said Dan McConaghy, president of FICO in Asia Pacific. How APC Will Fight Financial Crime in Panama.

Compliance 45

Compliance Regional Survey Analytics 45

PYMNTS

MARCH 16, 2018

Transparency is key, but often is lacking – in part because of far-flung parties, which include both sides of a transaction (buyer and seller, of course) that may be operating across time zones, languages and currencies. One customer is on SAP, for example, and perhaps another firm is operating with QuickBooks.

blockchain 123

blockchain Bitcoin Course Examples 123

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Compliance 81

Compliance Technology Fraud Analytics 81

PYMNTS

DECEMBER 7, 2017

Blockchain and crypto companies may be operating with cutting-edge technology, but in the back-office, accounting and bookkeeping strategies are stuck in the stone age. There is a huge gap right now, and traditional accounting software doesn’t integrate with blockchains and cryptocurrencies.”. Libra, which recently announced $7.8

blockchain 131

blockchain cryptocurrency Software Regulation 131

Lex Sokolin

DECEMBER 25, 2019

Further, actually touching client funds immediately makes these apps into regulated custodians or money transmitters or financial advisors, which means a lot of compliance cost for little upside. Neither of those initiatives are a true cryptocurrency, in the sense that they are neither trustless nor permissionless. Sound familiar? (5)

blockchain 52

blockchain Bitcoin Software Lending 52

PYMNTS

JANUARY 15, 2021

But those same payments mechanisms must be in compliance with various regulatory and legal frameworks. There is at least some indication that the incoming Biden administration will commit to big-picture thinking (witness the $3 trillion tax and infrastructure the president-elect has floated).

Regulation 253

Regulation US Payments Compliance 253

CB Insights

OCTOBER 26, 2020

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. Even as the regulation pendulum swings back toward more limited oversight, how investment banks operate is fundamentally changing. Table of contents. The disruption of the IPO. INITIAL COIN OFFERINGS.

Management 78

Management Capital Company Marketing 78

Abrigo

FEBRUARY 15, 2023

Develop your risk assessment with the AML/CFT priorities in mind Evaluating each FinCEN priority and addressing them in your financial institution's risk assessment is key to compliance. Institutions should also monitor virtual currency or cryptocurrency transactions for unusual activity. The most common type of terrorism in the U.S.

Fraud 195

Fraud United States Training Policies 195

PYMNTS

JANUARY 26, 2018

It reveals that Mulvaney won’t s hutter the CFPB entirely — possibly because he is prevented by statute from doing so — but will instead change the way it operates going forward. South Korea is levying heavy duty taxes on trades. That decision drew markedly mixed reactions. . The reason?

Lending 101

Lending Cards Millennials Data 101

PYMNTS

JULY 27, 2020

“There was an amazing opportunity to reduce the tax that every business way paying by standardizing this capability and offering it as a service.” Compliance, he pointed out, is a particularly challenging hurdle to overcome. ” Proliferating Market. . ” Proliferating Market.

Compliance 185

Compliance Fintech Taxes Innovation 185