PYMNTS
MARCH 3, 2020
The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. Algorand created a permissionless, open source and pure proof-of-stake blockchain technology. The supply of SOV will be set to increase at 4 percent yearly to stop inflation from occurring.
PYMNTS
JULY 12, 2019
As required of all MSBs, persons and entities dealing in virtual currencies would need to fulfill all obligations, including implementing a full compliance program and registering with FINTRAC ,” the government said, according to Hard Fork.
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PYMNTS
JUNE 28, 2018
Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami. A poll of attendees found that fraud stands as “the main compliance concern of 31 percent of delegates, closely followed by correspondent relationships (27 percent), and OFAC and sanctions (23 percent).”. Fraud is a Top Worry.
South State Correspondent
JANUARY 4, 2023
In addition to these technology-oriented improvements, there are also a variety of process improvements that many banks can make that are cost-free. Moving all customers to digital statements, restructuring compliance reviews and employee onboarding are just some of the more popular efforts that banks are undertaking in 2023.
Abrigo
AUGUST 6, 2019
Financial criminals are working hard, using technology and innovation to their advantage, to stay one step ahead of FinCEN and financial institutions. At the recent NYU Law Program on Corporate Compliance and Enforcement , FinCEN Director Kenneth A. He further stated that we must be responsible with such innovation. The 12 major U.S.
FICO
JULY 5, 2017
Regulatory Compliance. Winners will receive recognition at FICO World , which will be held April 16-19, 2018, in Miami. Doug Gray, Director, Enterprise Data & Analytics Technology, Southwest Airlines (2016 award winner). Joy Macknight - Transaction Banking and Technology Editor, The Banker. Debt Management.
FICO
APRIL 18, 2018
These solutions bring unparalleled efficiency and machine learning capabilities to fraud, risk and compliance professionals. One of the biggest trends in the financial crime industry is the convergence of fraud and regulatory compliance operations, which includes AML and know-your-customer, or KYC, regulations,” Horan said. “At
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