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. And Busan has issued a “regulation-free” zone for blockchain development by South Korea’s national government.

Bitcoin 115

Bitcoin Study Data Massachusetts 115

PYMNTS

OCTOBER 5, 2020

Money laundering is a pervasive threat, with the United Nations estimating that up to $2 trillion is laundered each year, equivalent to 5 percent of the global gross domestic product (GDP). A study found that almost half of all U.S. Two-thirds of customers also felt that companies’ account security measures were subpar.

Online 141

Online Compliance Report Study 141

South State Correspondent

JANUARY 16, 2024

The documentation was lengthy and complex, the regulatory compliance and reporting was cumbersome, the accounting was tricky, and the overhead cost of launching a hedging program was challenging. We believe that our program offers an advantage against the national banks. No ISDA documents.

Community Bank 195

Community Bank Community Compliance CA 195

PYMNTS

NOVEMBER 9, 2020

The ACCC is focusing on the media bargaining code, our ad tech inquiry and our study examining app stores, and we have noted the Epic Games proceedings against Apple and Google in the US in regards to the latter,” the official said, as per the report. California’s Proposition 24 Vote Could Bolster Digital Privacy Laws In Other States.

Regulation 211

Regulation social media Compliance California 211

PYMNTS

MARCH 17, 2020

As more firms worldwide push for workers to hunker down from home in order to fend off the spread of the coronavirus , people are advised to be vigilant of online fraudsters, according to Compliance Week. study by epidemiologists forecasts that the coronavirus will cripple the availability of intensive care hospital beds.

Company 130

Company US Compliance Study 130

Abrigo

JUNE 8, 2021

Real consequences from OFAC sanctions violations OFAC compliance has increased in complexity and clarity with guidance released within the past few years and institutions need to take notice to avoid penalties. Importance of Compliance. A Framework for OFAC Compliance Commitments. OFAC sanctions can have real world impact.

Compliance 195

Compliance Software Case Study Payments 195

PYMNTS

JULY 3, 2018

As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints. Ahead of its global expansion, Tipalti conducted a study to find out. Here’s all the latest news from startup-land this month.

National 101

National Charlotte Regional Operations 101

PYMNTS

JULY 7, 2020

The Southeast Asian country’s national tax office announced it will impose a 10 percent value-added tax (VAT) on foreign global technology companies as the nation looks for ways to defray the costs of battling the economic effects of the COVID-19 pandemic, Reuters reported. The country’s total budget for 2020 is $177.6

Taxes 141

Taxes Google Seattle National 141

PYMNTS

SEPTEMBER 23, 2020

A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total of $42 billion in funds stolen over this period of time. Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. billion ($8.9

Technology 208

Technology Report Fraud Study 208

PYMNTS

DECEMBER 14, 2018

News came earlier in the month that several federal agencies have come out — together — in support of banks embracing innovation in their compliance efforts. It all comes, at least on the surface, as a message of support that also comes at a time when chief compliance officers may be a bit trepidatious.

Compliance 148

Compliance Innovation FDIC Examples 148

PYMNTS

DECEMBER 11, 2020

As the new Digital Identity Tracker® states, “about 40 million bank customers in Thailand are expected to register for digital identity authentication under the country’s National Digital ID (NDID) program, which was recently expanded to more financial service providers.

Video 204

Video Security National Digital Banking 204

PYMNTS

DECEMBER 27, 2017

A new study from the Center for Talent Innovation (CTI) found that, according to the 2015 US government’s definition of disability , a significant portion of the white-collar workforce has a physical or mental impairment that substantially limits a major life activity: 30% of a nationally representative survey of 3,570 white-collar employees.

Compliance 100

Compliance Leadership Training Innovation 100

PYMNTS

SEPTEMBER 18, 2018

The nation is forming a Direct FAST industry group, where the members will include traditional financial institutions (FIs), FinTech firms and the Monetary Authority of Singapore (MAS). The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets.

Fintech 166

Fintech New York US National 166

Abrigo

MARCH 24, 2021

Opening the year with a bang, on January 1, 2021, the Anti-Money Laundering Act of 2020 (AMLA) became law as part of the National Defense Authorization Act. These include conducting studies, writing regulations, and publishing guidance. BSA Compliance Training – Guide for Successful BSA/AML Programs. Learn More. Whitepaper.

Regulation 195

Regulation Training Study Policies 195

PYMNTS

MARCH 15, 2019

The National Crime Agency (NCA) estimates that hundreds of billions of pounds are laundered through U.K. The lack of enforcement action doesn’t create incentives for companies and businesses to have in place strong money laundering compliance regimes, [but] that’s the kind of thing that gets the industry to get its act together.” .

Regulation 162

Regulation Compliance Policies Study 162

PYMNTS

MAY 1, 2020

are required to apply social distancing when they reopen, many won’t survive, according to a new study of restaurant owners. The challenge will be ongoing compliance with health and safety guidelines, and balance between cost management and product execution,” said Jyotin Sethi, owner of JKS. “In If restaurants and bars in the U.K.

Guidelines 145

Guidelines Survey Operations Conference 145

Abrigo

DECEMBER 1, 2014

Credit unions have seen an unprecedented uptick in business-related loans in recent years, according to the Credit Union National Association’s (CUNA) U.S. To evaluate the level of capital needed, the NCUA notes, “Credit unions should complete a feasibility study for the program.” Credit Union Profile. billion to $43.16

Strategy 186

Strategy How To Resources Lending 186

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. Two recent studies have provided a more in-depth analysis of the problem. This study, together with the U.S. Efforts to Combat Trade-Based Money Laundering”. As the U.S.

Study 98

Study United States Groups Trends 98

PYMNTS

APRIL 30, 2020

Legalization at the national level is coming eventually, said Beuerlein, but that doesn’t mean banks’ willingness to service firms in this market is an inevitability. “We’ve done extensive studies on consumer behavior, and there’s still a bit of a stigma with cannabis,” he said.

Compliance 196

Compliance Industry Security Marketing 196

PYMNTS

FEBRUARY 24, 2020

He described how government regulators recently chastised Alibaba for compliance troubles with its credit scoring feature, Sesame Credit. “In Banks are familiar with upgrades to their internal and local compliance standards, but China represents a different kind of challenge. he remarked. Chinese regulatory shifts mean world changes

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

JULY 21, 2020

The European Union’s financial authorities are monitoring how the pandemic may be affecting banks’ and FinTechs’ compliance with rules such as the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2), for example. How The Pandemic Is Shifting Open Banking Plans In Latin America .

Mobile 229

Mobile Report America Regulation 229

FICO

JULY 23, 2020

Europe and the USA are the two regions of the world hardest hit by financial crime compliance costs. With the projected total cost of financial crime compliance across the global finance sector estimated to be $180.9

Compliance 52

Compliance Regional Analytics Software 52

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

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

PYMNTS

SEPTEMBER 10, 2018

GDPR compliance has yet to be fully embraced by firms on a global scale, yet headlines from this past week show just what the repercussions might be against a new regulatory landscape. software firm that focuses on GDPR compliance , told the newswire that “at some point, a line needs to be drawn, and this might be the best time to do it.”.

Data 116

Data Compliance Security Regulation 116

Abrigo

DECEMBER 13, 2019

ABA study shows banks are reporting more cases of EFE. Informal actions are generally appropriate for institutions that receive a composite rating of “3” for safety and soundness or consumer compliance. Key Takeaways. The FDIC released a manual on Formal and Informal Enforcement Actions.

FDIC 195

FDIC Regulation Capital Lending 195

Abrigo

JUNE 13, 2022

According to the National Council on Aging (NCOA), this heartless crime is most likely under-reported due to victims' embarrassment. billion annually. A recent American Bankers Association Foundation (ABA) research study found that older Americans hold 65% of the deposited wealth in the United States. Learn More. Cannabis Banking.

Fraud 195

Fraud Training United States Survey 195

PYMNTS

SEPTEMBER 30, 2020

MENA nations’ original rules involved data privacy, but they were focused on developing the open banking ecosystem and allowing information to move freely. 1 to adjust their standards in compliance. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

Regulation 175

Regulation Data Regional Examples 175

PYMNTS

JULY 25, 2020

Consider the fact that the season’s first pitch was thrown by infectious diseases expert Dr. Anthony Fauci, who took the mound wearing a Washington Nationals cap and jersey and (of course) a face mask. One fan stood outside of the Nationals’ season opener in Washington with a sign that read: “Let Me Into The Game.”

Washington 189

Washington Colorado Course United States 189

PYMNTS

FEBRUARY 28, 2019

The digital platform provides hiring, training, compliance management and payroll solutions to its clients, and is geared toward the facilities management, private security and logistics industries, to name a few. To read the Case Study, download the Playbook. Further east, Airbnb is taking off in South Korea, with a reported 2.9

Payments 183

Payments User Experience Training Case Study 183

PYMNTS

JUNE 19, 2018

Granted, “wait and see” was probably not the most highly recommended strategies going into the GDPR world, given how the European Union (EU) regulation essentially applies to every company making money in digital, not just those firms based in the EU’s 28 member nations. However, every group has its slowpokes and cautious movers.

Regulation 101

Regulation eBook social media Case Study 101

Abrigo

AUGUST 22, 2019

Ongoing training is at the very heart of a satisfactory Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program in financial institutions. These are usually less expensive, shorter, and involve less extensive travel than the larger national conferences. between September and January. For example, on Aug.

Training 150

Training Las Vegas Alabama Minneapolis 150

Independent Banker

JULY 29, 2016

These in-depth and timely professional development programs are designed exclusively for community bankers and led by nationally recognized industry experts who know the issues community banks grapple with. It is the only nationally recognized leadership event designed especially for middle- and upper-level community bank executives.

Minneapolis 70

Minneapolis Community Bank Community San Antonio 70

Payments Source

MAY 9, 2016

Dwolla has forwarded its proposal for faster payments to a Federal Reserve Board task force studying submissions as part of a national initiative, and its voice is one of several seeking to make a difference in the country's move to faster payments.

Payments 60

Payments Study National Online 60

Independent Banker

SEPTEMBER 21, 2015

ICBA’s in-depth certification programs vault compliance officers to the highest standards. imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. By Ed Avis.

Compliance 70

Compliance Community Bank Community Training 70

Independent Banker

DECEMBER 13, 2015

Following a three-year study on predatory lending, the U.S. 1, 2015, and compliance with the rule is required by Oct. Credit card accounts are exempt from compliance until Oct. armed forces or servicemembers on active National Guard or Reserve duty, their spouses and their card-carrying dependents. By Mary Thorson Wright.

Lending 70

Lending Compliance Regulation Virginia 70

Abrigo

JUNE 4, 2023

The consequences of noncompliance While pulling back on AML compliance spending is tempting, it is especially important today that financial institutions have a robust AML program. Takeaway 2 Recent cases have shown that now is not the time to let up the gas on AML compliance. BSA enforcement actions are on the rise. When the U.S.

Compliance 195

Compliance Training Resources Regulation 195