PYMNTS

OCTOBER 11, 2019

But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes. As he told PYMNTS, challenges confront eCommerce firms that seek to understand the broad range of compliance and taxation frameworks that can differ greatly among the countries into which they sell.

Taxes 123

Taxes Course Company Training 123

PYMNTS

AUGUST 24, 2020

22 Federal Trade Commission (FTC) hearing on the matter, Reuters reported. Amazon is reportedly considering registering a portion of its entities, like Amazon Music, Audible and Prime Video, in India, CNBC TV18 reported. The services are not currently registered as distinct entities, although they are provided to users in the nation.

social media 152

social media Data Apple Compliance 152

PYMNTS

DECEMBER 7, 2020

Italy’s antitrust regulator has hit Apple with a 10-million-euro fine (approximately $12 million) for allegedly unfair business practices when it comes to its iPhone promotion in Italy, MacRumors reported. Canada Looks to Tax International Tech Firms. A potential “Netflix Tax,” which is forecast to bring in more than $1.2

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

OCTOBER 5, 2020

By providing a national servicing platform, the charter would enable those kinds of companies to bypass the process by which they have to collect money transmitter licenses from states. million) of Irish government aid, as reported in the past. Banks Oppose Idea Of Possible Big Tech Banking Charters. Last week, a U.S. 25 statement.

Data 229

Data Google Compliance Apple 229

PYMNTS

OCTOBER 25, 2019

tax laws, and some businesses and public sector stakeholders are now pushing back. The case ushered in a wave of state- and municipality-issued economic nexus laws that tax remote sellers based on economic activity rather than physical presence. The 2018 South Dakota v. Wayfair ruling paved the way for broadened U.S.

Taxes 100

Taxes South Dakota Policies Compliance 100

PYMNTS

SEPTEMBER 20, 2020

If the European Union (EU) gets its way, the 27-nation bloc will have the power to split or force the sale of giant technology companies that threaten smaller rivals and their customers. Violators would be assessed penalties for non-compliance. But at least one EU official expressed concern that Brussels must strike the right balance.

Compliance 175

Compliance Regulation Taxes System 175

Abrigo

JUNE 27, 2023

In 2016 when the Panama Papers exposed an international network of offshore entities involved in tax evasion, fraud, and sanction evasion, some of which included real estate holdings, regulations began to change. According to the National Association of Realtors, there were more than 106,000 real estate brokerage firms in the United States.

El Paso 195

El Paso Miami United States New York City 195

FICO

MAY 25, 2017

million digital records exposed the dark deeds of dirty money and tax evasion and burst the bubble of pretense that the world is effective at dealing with corruption. One in five banks in Asia Pacific say that they expect tax evasion to increase 100 to 500 percent over last year’s levels according to a recent poll by FICO.

Taxes 40

Taxes Survey Compliance Regional 40

PYMNTS

OCTOBER 9, 2019

In other news, the SIX Digital Exchange (SDX) announced that it is joining forces with the Swiss National Bank (SNB) on a proof of concept to look into how digital central bank money could be used in the settlement of tokenized assets between market participants. “As percent rate. percent rate.

Bitcoin 116

Bitcoin San Francisco Taxes Compliance 116

PYMNTS

MARCH 5, 2019

tax authority, HM Revenue & Customs (HMRC), conducted a week-long investigation into 50 estate agents suspected of trading without being registered. Estate agents are a crucial line of defense against them, and that’s why they’re under a legal — and moral — obligation to file a report when they spot something amiss.”.

Compliance 134

Compliance Training Taxes National 134

PYMNTS

JANUARY 2, 2020

50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. . RuPay is a payment network offered by National Payments Corp. RuPay is a payment network offered by National Payments Corp. The fine for non-compliance is going to be ?5,000

Cards 130

Cards blockchain Cyber Security Retail 130

Abrigo

FEBRUARY 10, 2022

The AMLA set the stage for establishing a national reporting system for beneficial ownership and for potentially changing current CDD/BO requirements in an effort to improve financial transparency and prevent criminals and terrorists from misusing companies to disguise illicit activity. Need to Know. Future Changes.

Training 195

Training Regulation Report Compliance 195

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. Existing obligations require financial institutions to monitor, identify, and report terrorist financing activity. from the U.S. or internationally.

Fraud 195

Fraud United States Training Policies 195

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

Abrigo

SEPTEMBER 10, 2021

financial system enhanced the criticality of detecting and reporting financial crime, including the financing of terrorist acts against our country. . The 9/11 Commission Report mandated by Congress after the attacks exposed this misconception, proving that the financing of the terrorists did flow through the U.S. Before 9/11.

Training 195

Training Risk Management Pennsylvania Resources 195

PYMNTS

NOVEMBER 2, 2020

UN Committee Indicates Support For Initiative To Tax Big Tech In Developing Nations. The United Nation’s Tax Committee of Experts has indicated support for an initiative to assist developing nations in taxing Big Tech, Bloomberg Tax reported on Wednesday (Oct. and Facebook Inc. each month.

Taxes 212

Taxes National Regulation Google 212

PYMNTS

SEPTEMBER 20, 2017

In celebration of National Payroll Week last week, the American Payroll Association released the latest results from its yearly “ Getting Paid in America ” report. percent of employees reporting they receive payroll this way. Coming in at a distant second is the paper paycheck, with only 4.3 While the U.S.

Taxes 100

Taxes Survey Compliance Regulation 100

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. Nearly  62% of fraud reported by financial institutions  is considered 1st-party fraud.  Recognizing the gravity of the situation, the Financial Crimes Enforcement Network (FinCEN) identified fraud as a national priority.

Fraud 195

Fraud Trends Cards Software 195

BankBazaar

JANUARY 31, 2021

The National Sample Survey Office conducted a survey between 2017 and 2018, sampling 113,823 urban and rural households. The survey reported that out-of-pocket expenses for a single hospitalisation in private hospitals costs Rs. National Asset Monetising Pipeline launched to monitor asset monetisation process.

Metro 122

Metro Taxes National Survey 122

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. And so went the birth of First National Bank of Keystone's meteoric rise. In 1998, its last full reporting year, it had net income of $69 million.

National 78

National West Virginia Virginia Pennsylvania 78

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. Additionally, reports on Monday (Aug.

Regional 108

Regional Taxes System Guidelines 108

Abrigo

JULY 17, 2017

“The challenge with the piecemeal approach right now is that every project becomes a new and different project,” says Donny Shimamoto, CPA.CITP, CGMA, founder of advisory-focused CPA firm IntrapriseTechKnowlogies LLC in Honolulu and a nationally recognized accounting technology thought leader. “If

Honolulu 150

Honolulu Taxes eBook Leadership 150

PYMNTS

APRIL 18, 2017

Cross-border B2B payments company Tipalti has new evidence that companies are more global than ever as its new report, with research conducted by PayStream Advisors, finds that a majority of companies today are conducting cross-border payments. The repercussions [of non-compliance] are beyond a fine and a penalty,” he said.

Company 102

Company Compliance Taxes Fraud 102

Abrigo

MARCH 24, 2023

Do you offer services to those without a Tax ID Number (TIN)? Does the credit union file many suspicious activity reports (SARs) annually compared to the other credit unions in the same geographical area? In that case, this could indicate a need for a strong culture of compliance, which will ultimately lead to further increased risk.

Fraud 195

Fraud Compliance Examples Analysis 195

CFPB Monitor

DECEMBER 23, 2020

b) requires remittance providers to refund (without additional cost to the sender) the total amount of funds provided in connection with the remittance transfer, inclusive of fees and taxes (as not prohibited by law), within three business days of receiving the cancellation notice. and] report the results to the sender.”

Policies 78

Policies Compliance Taxes Report 78

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. But, it goes broader than that. Requirements.

United States 78

United States Taxes Regulation Compliance 78

PYMNTS

DECEMBER 2, 2016

The nation saw four startups take home investment out of a total of seven investment rounds. This Indian startup offers small and medium-sized businesses cash flow management solutions through an array of services, like invoice management, expense tracking and other features, reports said last week. with an $18 million investment.

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

JUNE 8, 2016

That goes for both businesses and government entities, according to eInvoicing firm Billentis in its 2016 E-Invoicing: Digitization & Automation report, released Monday (June 6). Those bodies can then issue mandates for corporations to submit and exchange invoices electronically, for tax purposes. A Faster Way.

America 100

America Taxes Tools National 100

PYMNTS

SEPTEMBER 6, 2019

Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week. Yelo also plans to expand its team and invest in product development and sales, reports said.

Fintech 155

Fintech Capital Lending Operations 155

PYMNTS

NOVEMBER 26, 2019

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. . SSUTA’s Role in South Dakota v.

Taxes 141

Taxes South Dakota District of Columbia Compliance 141

Abrigo

DECEMBER 20, 2021

T he CBOT enforcement action states that the bank failed to report hundreds of suspicious transactions to FinCEN even after the bank became aware that specific customer s were involved in criminal investigations. If you know you have questionable activity in your transaction monitoring, slow down and report. Be Prepared.

Resources 195

Resources Texas Analysis System 195

Abrigo

FEBRUARY 24, 2020

Compliance and anti-money laundering (AML) is going green… or is it? In December, the United States Government Accountability Office released a report to Congress that addressed compliance challenges associated with money transmitter accounts. National Credit Union Association.

Illinois 195

Illinois Regulation United States California 195

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. billion, the report notes. The Houston metro took the 10th spot with a 20.3% billion-asset Frost Bank got busy.

Texas 182

Texas San Antonio Community Bank Community 182

FICO

OCTOBER 26, 2017

This article is from Michael Blicker , a senior consultant in FICO's compliance solutions group. You would think one system would be enough to manage foreign tax compliance. Now, with CRS** (Common Reporting Standard), some financial institutions are starting to think they need two systems. Life did not get easier.

Taxes 53

Taxes Compliance Report US 53

Jeff For Banks

JUNE 11, 2018

So went an informative branch research report put out by my old friend and excellent bank stock analyst, Matt Schultheis of Boenning & Scattergood. Won by the national banks. With all of our hubris about how great community banking is compared to national banks, we are not winning market share from them. AddingValue ? ?

Taxes 60

Taxes Compliance Survey National 60

MyBankTracker

JULY 21, 2020

Additionally, you’ll likely end up being asked to sign a W-8BEN (also known as the Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting form). If it does, you might end up paying higher taxes. Taxes to Consider. It needs to be renewed every three years. Don’t let it expire.

Taxes 52

Taxes United States America Course 52

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. Reports Friday (Dec. GST was introduced as a part of India’s tax reforms and will come into effect April 1, 2017, reports said.

Taxes 100

Taxes Compliance National Report 100