American Banker
APRIL 23, 2024
In a letter to Treasury Secretary Janet Yellen last week, the Massachusetts senator highlighted the growing use of cryptocurrencies by malicious organizations abroad and underscored the need for anti-money-laundering and counterterrorism provisions in future proposals.
PYMNTS
DECEMBER 18, 2020
This week, FinTech EMTECH said it’s launching a compliance platform in collaboration with Microsoft to help central banks test their respective CBDCs. Meanwhile, the Boston Fed has been working with the Massachusetts Institute of Technology to explore the necessary tech infrastructure.
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PYMNTS
AUGUST 4, 2019
Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, which aims to identify crypto transactions associated with money laundering. A big problem with compliance, in general, is false positives. However, the majority of the transactions, around 77 percent, remained unclassified. “A
Insights on Business
MAY 23, 2019
Now, new technology, business and regulatory challenges are forcing them to rethink how they collect and manage that data. Stricter regulations are changing the compliance landscape. Ed Markey, a Democrat from Massachusetts. Customer data is the modern enterprise’s most valuable asset. A shifting regulatory landscape.
PYMNTS
MAY 13, 2020
million pieces of PPE for Brigham and Women’s Hospital, Massachusetts General Hospital and others. By wielding Citi’s infrastructure to complete the transaction for The Boston Foundation and Bai, Flywire was able to ensure full compliance and quick transmission of SWIFT transaction data to the beneficiary bank in China.
PYMNTS
SEPTEMBER 25, 2020
Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. Money transfer organizations have to remain in compliance with regulations or they will encounter sizable penalties or let crime spread. A bank executive sent a memo to the workforce saying that they must not post to social media until 11 a.m.
PYMNTS
MARCH 25, 2016
” For that to be a reality, there are a number of regulatory and compliance issues to be addressed — not the least of which, notes WSJ , is the fact that only a few U.S. In a quest to solve the logistics challenges of competitive retail delivery, a group of scientists at MIT are taking the low road — as in, below ground.
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