Abrigo

FEBRUARY 6, 2020

The Office of Foreign Assets Control ( OFAC ) hosts an annual symposium to provide updates on compliance requirements, sanctions activity, and enforcement efforts. OFAC restated its crucial role in furthering U.S. OFAC restated its crucial role in furthering U.S. What does a “maximum pressure strategy” entail?

United States 195

United States Compliance Strategy National 195

Abrigo

JANUARY 17, 2024

FinCEN data shows that human trafficking in the United States takes place in a wide variety of industries—hospitality, agriculture, janitorial services, construction, restaurants, domestic work, and so on.

Training 259

Training Community Software Texas 259

PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. That’s according to the U.S. The DOJ report stands as only the latest of warnings over the risks tied to cryptos. As recently noted by PYMNTS , Kenneth A.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

PYMNTS

FEBRUARY 21, 2020

Airlines throughout the globe, with the inclusion of three United States carriers that service China, have stopped service to the mainland as well as Hong Kong due to the coronavirus. China, for its part, has turned 5G into a national priority, with the goal of having countrywide networks and services well ahead of other nations. .

Conference 331

Conference United States Retail National 331

Perficient

MARCH 3, 2022

Section 165(i)(2) of the Dodd-Frank Act, as amended by the Economic Growth, Regulatory Relief, and Consumer Protection Act, requires certain national banks and federal savings associations to conduct periodic stress tests. Contact us to learn more about how we can help your institution achieve compliance with federal stress tests.

Capital 294

Capital Regulation Exercises United States 294

PYMNTS

OCTOBER 19, 2020

Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. Regulation. Netherlands, France Advocate For Action Against Big Tech. Skepticism Emerges Over Effect Of British Tech Tax On Amazon.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

JUNE 8, 2020

In December of 2019, the administration of Prime Minister Boris Johnson included a “national security and investment bill” in the Queen’s Speech. The news comes as Chinese technology investments in the United States have fallen precipitously.

United States 130

United States National Security Analysis 130

Perficient

NOVEMBER 22, 2022

Members of the Army and Air National Guard, provided they have been called to respond to a national emergency and their period of active duty is more than 30 days in a row. Active duty commissioned officers of the Public Health Service or the National Oceanic and Atmospheric Administration. All active-duty Reserve personnel.

National 275

National United States America Lending 275

PYMNTS

JUNE 1, 2020

As part of EY ’s international trade management services expansion, over 100 staffers from GTKonnect became a part of EY member firms in India and the United States.

United States 131

United States Training Management Taxes 131

Abrigo

FEBRUARY 27, 2020

Mosier will oversee FinCEN’s work to protect the financial integrity and national security of the United States by advancing the agency’s engagement with new technologies within the financial industry. So, what exactly is machine learning in the context of AML compliance?

Innovation 195

Innovation Software United States Compliance 195

Abrigo

JANUARY 3, 2024

The final access rule does not dictate how to receive consent and allows for flexibility based on differences in FIs across the nation. 35 million companies Educate clients on BOI changes and fraudsters As noted above, financial institutions are not responsible for client compliance with beneficial ownership information reporting.

Fraud 221

Fraud Regulation Report Compliance 221

CFPB Monitor

JULY 6, 2021

The Priorities purport to identify and describe the most significant AML/CFT threats facing the United States. Accordingly, they provide little guidance to financial institutions attempting to figure out how to focus their limited compliance resources. A prime example of this problem is the inclusion of “fraud” as a Priority.

United States 78

United States Fraud Regulation Compliance 78

PYMNTS

NOVEMBER 10, 2020

The central bank and several other commercial banks collaborated on a cross-border bank account offering that Pakistanis overseas can use to store rupees and foreign currencies as well as to pay bills and make other transactions in the nation. customers to recipients in Asia and Europe.

Report 216

Report Fintech United States Meeting 216

Abrigo

NOVEMBER 17, 2023

As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. FinCEN states, fraud is believed to represent the largest share of illicit proceeds in the United States.

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. 1 have just taken effect.

blockchain 160

blockchain cryptocurrency Bitcoin Compliance 160

PYMNTS

AUGUST 29, 2017

In addition, New York State passed strict anti-money laundering regulations in 2015, such as requiring a bank’s chief compliance officer to certify whether it upholds the systems outlined in the rule. courts and that there will be no “material impact on HBL’s business outside of the United States.”

New York 102

New York Regulation Compliance United States 102

PYMNTS

JULY 5, 2019

Some are worried that the fact that Libra could be tied to several national currencies means that Facebook is trying to avoid being under control from any particular country. . In the United States, there have been voices calling for Facebook to stop the project until it has a chance to be examined more closely.

Regulation 102

Regulation cryptocurrency United States Policies 102

PYMNTS

MAY 27, 2020

CU branches across the United States have temporarily closed to help slow the spread of contagion, forcing CUs to find new ways to engage with their members via connected technologies, from mobile devices to laptops and especially ATMs.

ATM 243

ATM Innovation Meeting United States 243

Abrigo

JUNE 13, 2022

Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies. . Elder financial exploitation and elder fraud are serious crimes in the United States. According to the National Council on Aging (NCOA), this heartless crime is most likely under-reported due to victims' embarrassment.

Fraud 195

Fraud Training United States Survey 195

PYMNTS

OCTOBER 1, 2019

The capital infusion is sought as Revolut attempts a five-nation expansion to include Singapore, Japan and the United States. ” There have also been reports of compliance issues with the organization.

United States 109

United States Maine Compliance Cards 109

Abrigo

APRIL 6, 2022

In this guest column by Jeffrey Taft and Matthew Bisanz of Mayer Brown 's Financial Services Regulatory & Enforcement practice, learn more about how to be ready for compliance. On April 1, 2022, new computer-security incident notification requirements for banks and their service providers take effect in the United States.

Security 195

Security Regulation District of Columbia United States 195

PYMNTS

DECEMBER 3, 2019

In a move that some advocates say would ease regulatory and compliance costs, the proposal would extend an exemption that allows these FIs to estimate the fees and costs associated with such international fund flows as providing exact figures might prove an expensive task. As Bloomberg Law reported Tuesday (Dec.

Compliance 131

Compliance United States Analysis Report 131

PYMNTS

AUGUST 14, 2019

His worry, he said, are the areas where they have expected to see more data reporting and haven’t; as well as indications that casinos have been taking their foot off the gas pedal of late when it comes to their compliance activities. “It The Team Oriented Nature Of Compliance .

Compliance 163

Compliance Las Vegas Mobile Data 163

CFPB Monitor

MARCH 3, 2022

A new CFPB report titled “ Medical Debt Burden in the United States ,” takes aim at medical debt collections, with the CFPB indicating that it intends to “[d]etermine whether policies should be implemented to eliminate unpaid medical billing data on credit reports altogether.”.

Report 147

Report United States Policies Compliance 147

PYMNTS

DECEMBER 7, 2018

1 in Vancouver by Canadian officials at the request of the United States. The arrest adds complications to an already tense situation between the two nations, who are locked in an ongoing trade war. The presentation appeared to claim that Huawei operated in Iran in compliance with the sanctions. Meng was arrested on Dec.

Fraud 116

Fraud United States New York Compliance 116

PYMNTS

DECEMBER 27, 2019

Campaigns against taxing obligatory items are spreading across the United States, forcing states to rethink their revenue generation decisions. Depending on the state and local taxes, a sales tax can add between 2.5 Managing compliance. percent to over 10 percent to the cost of diapers,” Vander Klay said.

Taxes 146

Taxes Policies Compliance Retail 146

PYMNTS

FEBRUARY 6, 2018

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the nation.

Fintech 118

Fintech US Tennessee Washington 118

PYMNTS

FEBRUARY 15, 2019

Krebs on Security noted that the emails sent to officials at the United States credit unions looked like they were being sent by other BSA officials. Wirecard CEO Markus Braun said there has been no evidence uncovered that points to misconduct from Wirecard’s compliance team, or separately by the firm Rajah & Tann.

Compliance 122

Compliance Fraud United States FDIC 122

Abrigo

SEPTEMBER 10, 2021

Takeaway 2 The USA PATRIOT Act was the first legislation that criminalized terrorist financing in the United States. The role of BSA staff was typical compliance and very task-oriented. October 26 is now nationally recognized as BSA/AML Day.) Never Forget. The day that changed the world. soil. .

Training 195

Training Risk Management Pennsylvania Resources 195

PYMNTS

JULY 22, 2019

But, Atassi said, Latin America is also a challenging region to take on as a whole because nation-by-nation and vertical-by-vertical, the situation on the ground can vary quite widely in terms of infrastructure, consumer interest and regulatory prerogatives. Opportunity, he noted, abounds. A Diversity Of Needs.

Innovation 161

Innovation Payments Regional America 161

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.

United States 78

United States Taxes Regulation Compliance 78

CFPB Monitor

MAY 16, 2022

Small business lending—assessing whether there are disparities in application, underwriting, and pricing processes, redlining, and whether there are weaknesses in fair lending-related compliance. Student loan origination—lender’s policies and practices in underwriting or pricing.

Lending 148

Lending Report Memphis Tennessee 148

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

PYMNTS

OCTOBER 16, 2018

“When importing into the United States, a series of customs laws make it illegal to import goods using a falsely labeled country of origin, sometimes equating the practice with smuggling,” the publication said. Separate reports in CFO.com also emphasized the legal risks linked to transshipments. “In some cases, U.S.

Compliance 164

Compliance Survey United States Report 164

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. Given the current economic climate in the United States, it is essential to understand the effect personal financial security has on 1 st -party fraud. The scam here is an inside job, making it inherently more elusive.

Fraud 195

Fraud Trends Cards Software 195

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

Abrigo

APRIL 26, 2022

financial system has long been a desired destination for illicit funds linked to senior foreign political figures and kleptocracy, defined as a state of unrestrained political corruption. The Financial Crimes Enforcement Network ( FinCEN ) has profiled this global issue by naming corruption one of the eight national security priorities.

Training 195

Training Regulation System National 195