Abrigo

JUNE 27, 2023

Financial criminals have used the industry to clean their illicit funds for years. 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. Few changes have been made in the regulatory environment in almost 20 years. 

El Paso 195

El Paso Miami United States New York City 195

PYMNTS

JUNE 1, 2020

Kate Barton , EY global vice chair, tax, said in the announcement, “Global trade is undergoing a seismic change as tariff wars, protectionism, regulatory uncertainty and now a pandemic, disrupt established business models and trade relationships.

United States 131

United States Training Management Taxes 131

PYMNTS

AUGUST 6, 2019

As a result, the state has also entered the troubled waters of cannabis banking, with legal players in the state’s marijuana industry struggling to access banking and financial services. The state of Louisiana has entered legal marijuana territory with medical cannabis access beginning this week. Global Payout Inc. subsidiary MTrac Tech Corp.

Louisiana 135

Louisiana Payments Taxes Maine 135

PYMNTS

OCTOBER 14, 2020

21 landmark announcement that allowed national banks and federal savings associations to hold certain crypto assets for the first time. “We In addition, Voyager points out that it is licensed by FinCEN and FINTRAC and can also provide treasury desk clients with the tax and compliance reporting they need.

cryptocurrency 323

cryptocurrency Regulation Trends Bitcoin 323

PYMNTS

JANUARY 2, 2020

RuPay is a payment network offered by National Payments Corp. The fine for non-compliance is going to be ?5,000 5,000 a day, and the new rule was brought forward through the Income Tax Rules of 2019, with the idea of boosting more digital transactions as well as supporting NPCI, which is a not for profit organization.

Cards 130

Cards blockchain Cyber Security Retail 130

PYMNTS

JANUARY 21, 2020

In the most recent Disbursements Tracker , PYMNTS discusses how moving to digital disbursements can alleviate these pain points, but businesses also have compliance and infrastructure costs to consider as they innovate their payment processes. Around The Disbursements World. Israeli financial startup Refundit recently raised $9.8

Innovation 167

Innovation Tools Online Trends 167

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. Introduction The seriousness of 1st-party fraud In the financial services industry, fraud has stood as a grim monument to the enduring nature of financial deception. It's no longer a discretionary measure but an imperative one.

Fraud 195

Fraud Trends Cards Software 195

Jeff For Banks

NOVEMBER 24, 2019

The bank, First National Bank of Keystone, was $1.1 billion in assets, had 87 full-time equivalent employees, and accounted for two-thirds of the town's tax revenue. Another depressed town due to the general economic malaise that bedraggled the region when the steelmaking industry moved elsewhere. You can't make this stuff up.

National 78

National West Virginia Virginia Pennsylvania 78

PYMNTS

NOVEMBER 2, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing global scrutiny from regulatory watchdogs, consumers and organizations. UN Committee Indicates Support For Initiative To Tax Big Tech In Developing Nations. streaming company to pay taxes, Techwire Asia reported. Regulation.

Taxes 212

Taxes National Regulation Google 212

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice.

Management 150

Management Resources Capital Taxes 150

PYMNTS

AUGUST 6, 2019

With government agencies working to combat tax evasion and fraud, eInvoice mandates mean a reduced risk of invoice fraud and greater visibility into trade and transactions. on the benefits of an eInvoicing mandate, noting that it would address the nation’s current tax challenges.

Regional 108

Regional Taxes System Guidelines 108

PYMNTS

DECEMBER 2, 2016

The nation saw four startups take home investment out of a total of seven investment rounds. It’s certainly not the largest funding round the B2B FinTech industry has seen. We’re covering two weeks’ worth of B2B venture capital funding, and across the board, India has come out on top. with an $18 million investment.

Fintech 100

Fintech Capital Lending Taxes 100

CFPB Monitor

JULY 21, 2022

On July 13, 2022, the House of Representatives (the “House”) adopted an amendment to the 2023 National Defense Authorization Act (“NDAA”) offered by Maxine Waters (D. in a manner that the Secretary determines appropriate to assess compliance” with the amendment. Requirements.

United States 78

United States Taxes Regulation Compliance 78

Abrigo

JANUARY 28, 2015

Much like tax forms were once frequently completed with just a calculator, pencil and paper, the same is true of a business valuation. Compliance. Perhaps the most important factor in the decision is whether the business valuation performed will be compliant with the industry standards. Human error.

Taxes 150

Taxes Compliance Course Software 150

CFPB Monitor

JULY 6, 2021

The Priorities have been much-anticipated because, under the AML Act, regulators will review and examine financial institutions in part according to how their AML/CFT compliance programs incorporate and further the Priorities, “as appropriate.”. A prime example of this problem is the inclusion of “fraud” as a Priority.

United States 78

United States Fraud Regulation Compliance 78

Abrigo

DECEMBER 20, 2021

The financial services industry has been contemplating the lack of recent enforcement actions from regulatory agencies, many wondering if the inactivity was due to the pandemic and lack of on-site examinations. The order uncovers nothing new to the industry. Fundamentals of BSA. CommunityBank of Texas' citations. You should take note.

Resources 195

Resources Texas Analysis System 195

FICO

MARCH 17, 2021

In this two-part series, I will explore some recent studies on TBML, the challenges faced in countering the problem and some industry trends. In my next post, I will focus on the challenges faced in countering the TBML problem and some of the recent industry trends. Efforts to Combat Trade-Based Money Laundering”.

Study 98

Study United States Groups Trends 98

PYMNTS

DECEMBER 19, 2016

B2B eCommerce platform Moglix is simplifying the Goods and Services Tax (GST) process for manufacturers using its services as companies brace for new tax reforms to take effect in India next year. The company has offered the solution in beta phase to several businesses to support compliance in the tax filing and management process.

Taxes 100

Taxes Compliance National Report 100

Gonzobanker

DECEMBER 17, 2021

Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. MOEs like this are rare in the credit union industry, but we expect with continued demands for scale there will be more. Congrats on a brave move and national recognition Jim!

Fintech 147

Fintech Strategy Leadership Lending 147

Independent Banker

DECEMBER 31, 2021

And as local economies continue to stabilize and many challenged industries bounce back, 2022 may be the year community bankers put the rubber to the road by revisiting goals and turning them into action items. Planning for increased compliance costs. Badger Bank in Fort Atkinson, Wis., Ponce Bank in Bronx, N.Y., Click to enlarge.

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

MARCH 12, 2018

Hucksters abound in a nascent industry. Obviously, there are tax issues and you’ve got the IRS involved,” said Patel. Said Patel of the ICO-focused firms themselves: “My concern is that we need one agency to rule them all so they know what they need to do to be in full compliance.”. This is no token overture on tokens.

Regulation 117

Regulation Security Course blockchain 117

PYMNTS

NOVEMBER 30, 2020

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from legislators and government agencies throughout the world. The French Finance Ministry has told Big Tech firms that the Digital Service Tax is now due, PYMNTS reported, citing Reuters. Chicago Alderman Proposes Tax on Deliveries.

Taxes 130

Taxes Chicago Compliance Apple 130

Independent Banker

SEPTEMBER 22, 2015

Both of these laws pointedly changed the National Flood Insurance Program requirements over which of the banking agencies have jurisdiction. At first blush, this new general rule might provide for considerable fear among compliance and lending personnel. taxes and insurance.

Regulation 70

Regulation Policies Community Bank Taxes 70

Independent Banker

AUGUST 26, 2015

The bank’s mortgage company has developed a national retail lending presence over the last 18 months using phones and email, rather than branch offices. “We Electronic signatures help banks build a mobile strategy, says Miles Kelly, vice president of industry marketing for San Francisco-based DocuSign Inc. “E-signing Fewer errors.

San Francisco 70

San Francisco Lending System Atlanta 70

Lex Sokolin

DECEMBER 25, 2019

I realize this because several blockchain industry analysts have put out absolutely fantastic work that should be your reference for the coming year. But being a leader doesn’t yet mean celebrating industry victory?—?Ethereum’s each time, the industry gets it a little more right. all Fintech unicorns?—?that Lessons are learned.

blockchain 52

blockchain Bitcoin Software Lending 52

Gonzobanker

DECEMBER 19, 2017

Samuels’ unexpected passing shocked the credit union industry, and the entire Gonzo team salutes the integrity, creativity, wicked smarts and passion that Samuels brought to his credit union and the entire industry. Ray Davis pointed to the two industry CRE problems: 1. Nice work in building two major industry platforms.

Conference 101

Conference Industry Community Bank Community 101

PYMNTS

SEPTEMBER 13, 2017

The construction industry is facing multiple headwinds, from late supplier payments to a talent shortage. “Competition is fierce and profit margins are thinner than for any industry except retail,” the publication stated, adding that industry fragmentation and a lack of investment are also troubling trends for the space.

Management 129

Management Taxes Industry Trends 129

Independent Banker

JANUARY 31, 2022

Corporate relocations and expansions—influenced by factors like affordability, low corporate tax rates, no personal income tax and a rich talent pool—have contributed to a momentum that isn’t likely to subside soon. Some have direct ties to it, selling equipment to the oil exploration industry or working as contractors, for example.

Texas 182

Texas San Antonio Community Bank Community 182

BankBazaar

JANUARY 31, 2021

The National Sample Survey Office conducted a survey between 2017 and 2018, sampling 113,823 urban and rural households. National Asset Monetising Pipeline launched to monitor asset monetisation process. National Rail Plan created to bring a future-ready Railway system by 2030. However, in case of serious tax-evasion cases (Rs.

Metro 122

Metro Taxes National Survey 122

PYMNTS

DECEMBER 14, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments around the world. France Hits Amazon, Google With $164 Million in Penalties for Alleged Cookie Violations. The legislation does not specify the manner in which a payment would be handled.

Google 132

Google social media Compliance Regulation 132

Tomorrow's Transactions

NOVEMBER 5, 2014

As an industry, we are doing a poor job at identifying money launderers or prevent them to have access to payment systems @money2020. — According to a KPMG survey, the cost of compliance with anti-money laundering (AML) regulations grew “beyond expectations” for banks last year. “Right now they do not have that.”

Las Vegas 55

Las Vegas Regulation Analysis Exercises 55

PYMNTS

JANUARY 12, 2017

Businesses continue to focus on areas like compliance in their payroll dealings, but with automated and digital payroll solutions gaining traction in the enterprise, compliance has become ever more challenging. There are five markets in particular that demonstrate these changes in the payroll industry, the report concluded: the U.K.,

Data 100

Data Taxes Compliance Regulation 100

PYMNTS

SEPTEMBER 16, 2019

However, according to Dawn Brolin, CPA, CPE and executive vice president of business development and compliance at Out Of The Box Technology , there is another, perhaps more ironic factor behind small businesses’ struggle to embrace innovative tech: a lack of human services and face-to-face interactions.

Fintech 134

Fintech Fraud Tools Technology 134

FICO

MARCH 5, 2019

Australia's Banking Royal Commission delivered its final report at the start of February; the culmination of 14 months , 10,232 submissions and 7 rounds of public hearings into the banking, superannuation and financial services industry. Amongst the enquiry’s findings, some distinct themes have emerged for the banking industry.

Innovation 58

Innovation Lending Regulation Industry 58

Independent Banker

JULY 8, 2015

Supreme Court closed out its latest session with a string of landmark decisions, none was more important to the financial services industry than its ruling upholding the disparate-impact theory of anti-discrimination law. Supreme Court upholds disparate impact theory of anti-discrimination law. By Lilly Thomas. While the U.S.

Washington 70

Washington Policies Community Community Bank 70

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. As such, the National Security Agency (NSA ) is calling for banks to be compliant by 2030.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

DECEMBER 12, 2018

Nowhere does that ring truer than in the nascent and growing legal cannabis industry, where billions of dollars flow the old-fashioned way — hand to hand, because of the clash between federal and state regulations over its legality. The rules will change, perhaps piecemeal, perhaps drastically. That is simply not true,” he told PYMNTS.

Company 170

Company Taxes Compliance Industry 170