PYMNTS

SEPTEMBER 8, 2020

Russian legislator Fedot Tumusov sent a draft bill to the country’s lower parliamentary body that calls for a limit of 20 percent on commissions for the sale of mobile apps, Reuters reported. The FAA’s role is to ensure that any [drone] operation is performed safely,” the FAA said in a statement to PYMNTS. and other countries.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

JANUARY 24, 2021

Business software maker Cygnet Infotech has updated its FACE ( Financial Accounting Comprehensive and Easy ) accounting software platform, according to a published report. The update to the FACE offering comes 19 months after the offering debuted, the report stated.

Taxes 178

Taxes Compliance Software Fraud 178

PYMNTS

NOVEMBER 7, 2019

The Bank of England has told HSBC to improve compliance controls for non-fiscal factors like fraud and staff conduct, according to a report by Reuters. A deferred prosecution agreement between the Department of Justice and the bank ended half a decade later, with HSBC spending hundreds of millions to improve compliance.

Compliance 101

Compliance Fraud Taxes Regulation 101

PYMNTS

AUGUST 24, 2018

Electronic payments company ACI Worldwide is integrating its technologies with SPAN Enterprises , a tax filing technology provider, to power tax payments for the fleet industry. ExpressTruckTax provides compliance to the trucking fleet industry, as companies with vehicles operating on public highways have specific filing requirements.

Taxes 100

Taxes Payments Cards Industry 100

Abrigo

JULY 20, 2017

Allaboutrisk.com (AAR) recognizes Sageworks as a credit risk vendor in its 2017 Risk Software Report. AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. The products featured in the report include: · Credit Analysis. Electronic Tax Return Reader (ETRR).

Software 150

Software Report United States Compliance 150

PYMNTS

SEPTEMBER 24, 2019

As commerce has, increasingly, moved into the digital realm, and even the smallest merchants have gone omnichannel, tax policy has evolved as well — although perhaps it may be more apt to say tax policy has scrambled to keep up. Thus far, a bit more than a year after the ruling, tax policy remains fragmented.

Taxes 116

Taxes Retail Online South Dakota 116

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

JUNE 5, 2020

Citi ‘s Treasury and Trade Solutions (TTS) customers have increased their utilization of the firm’s digital banking technology, while firms globally implemented continuity plans and telecommuting to stay in operation amid the pandemic. million this March from 3.7 million in the same month last year.

Report 132

Report Online National Taxes 132

PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Imposing state taxes on out-of-state sellers is now the new normal, she said.

Online 132

Online Taxes Compliance Missouri 132

CB Insights

NOVEMBER 30, 2021

Fonoa , a provider of automated tax compliance tools, has raised $25M in a Series A round. It also facilitates the real-time reporting of transactions to local government authorities when necessary. The company currently processes 300M+ tax transactions annually, and it has watched its revenue increase by 7x since December 2020.

Taxes 36

Taxes Compliance Tools Company 36

Abrigo

DECEMBER 27, 2014

An accountant''s workload is much more than just tax preparation and number crunching. According to a 2014 IBISWorld report, financially-cognizant companies are increasingly turning to their accounting firms for advice on how to reduce inefficiencies in daily operations and eliminate unnecessary costs.

Compliance 150

Compliance How To Taxes Operations 150

PYMNTS

APRIL 27, 2017

million fine by the Central Bank of Ireland due to compliance failures with anti-money laundering and terrorist financing rules. According to a report in Bloomberg News , in addition to the fine, the central bank reprimanded Allied Irish Banks (AIB) for six breaches of the law, with AIB admitting to the breaches.

Compliance 100

Compliance Taxes Regulation Policies 100

PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. TaxBit was founded by software developers, tax attorneys and CPAs to automate and simplify tax compliance for crypto users. ” TaxBit will use the funding to speed up customer growth, and make its products better.

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. A report found that the U.S. imposed a full $23.52 billion and the Middle East levied $9.5

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

MARCH 23, 2020

“This is a moment that a lot of hackers across the world have been preparing for,” said Brian Finch, partner at Pillsbury law firm and co-leader of the company’s coronavirus response team, in are recent Compliance Week report. The report surveyed U.K. The report surveyed U.K. Payroll Professionals Inc.

Philadelphia 178

Philadelphia Fraud Taxes Survey 178

PYMNTS

DECEMBER 2, 2019

million tax-exempt groups active in the U.S., These organizations need to demonstrate to donors and community members that donations were spent appropriately to retain tax-exempt statuses and encourage future donations. . The same report found that many organizations are still using manual procurement practices.

Management 141

Management Taxes Groups Regulation 141

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. He pointed to financial reporting as one example of this shift. Disruption Ahead.

Data 260

Data Taxes Analytics Resources 260

PYMNTS

DECEMBER 12, 2019

The social media company is now reportedly investing $130 million to the effort, Engadget reported. It will have the role of handling such tasks as ensuring tax compliance, administering payroll and reviewing the annual budget of the board. Facebook has been at work creating a content oversight board over the past year.

social media 130

social media Delaware Tools Policies 130

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Preventing crime also includes thwarting tax fraud, and companies must obtain certain details to fulfill their tax reporting responsibilities.

Data 166

Data Management Taxes Meeting 166

PYMNTS

SEPTEMBER 17, 2020

We're just used to paper reports in our hands," Wood told PYMNTS in an interview. For finance professionals, this could be anything from the time-consuming workflow of printing and cutting paper checks to keeping piles of financial reports on the desk. The goal of increasing operational efficiency is universal.".

Compliance 157

Compliance Taxes Industry Data 157

PYMNTS

OCTOBER 9, 2019

As the operator of the Swiss financial market infrastructure, we welcome the initiative of the SNB and the BIS to conduct more research into innovative financial technologies in Switzerland. percent rate. percent rate.

Bitcoin 116

Bitcoin San Francisco Taxes Compliance 116

PYMNTS

JUNE 15, 2020

Quarles, in that role, will report directly to Green Dot Corporation CEO Dan Henry. Greg Quarles , formerly of American State Bancshares , will be the new CEO for Green Dot Bank, according to a press release.

Leadership 167

Leadership Taxes Compliance Company 167

Abrigo

JUNE 10, 2020

The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. Abrigo Compliance & Engagement Director Terri Luttrell, CAMS-Audit, says that fines against individual BSA professionals are rare. The recent $450,000 fine of U.S. learn more. “Mr.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

JULY 15, 2020

After weeks of relentless headlines on the collapse of Wirecard , the High Court of Justice in London handed the German payments company a victory on Wednesday (July 15), the Financial Times (FT) reported. Wirecard’s former chief operating officer, Jan Marsalek, is being sought by authorities in several countries.

Fraud 160

Fraud Taxes Groups Compliance 160

PYMNTS

NOVEMBER 13, 2020

The company announced its launch this week and revealed the new funding from Crane Venture Partners, with Seedcamp, Techstars and angel investors also participating, according to EU-Startups reports. The company secured the funding from an unnamed angel investor, reports said. and Hong Kong.

Capital 229

Capital Cards Fintech Payments 229

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. What’s next for CDD/BO?

Training 195

Training Regulation Report Compliance 195

Abrigo

JANUARY 14, 2021

payroll, tax forms) Employee/employer collusion Newly created and/or multiple bank accounts with abnormal transaction activity Consumer accounts rather than business accounts Rapid movement of money in and out of accounts Withdrawals made via cash or apps (i.e., Additional Compliance Checks Required.

Fraud 195

Fraud Compliance Community Trends 195

PYMNTS

DECEMBER 18, 2018

The tax man cometh, logging miles — in a manner of speaking. The mileage rate increase should spur businesses to consider how they reimburse the drivers who are part of everyday business operations, especially in the age of the mobile (literally) worker. On Friday (Dec. Beginning Jan. 1, 2019, the rates go to $.58

Compliance 148

Compliance San Francisco Operations Taxes 148

Abrigo

SEPTEMBER 1, 2021

Takeaway 1 Identifying and reporting drug trafficking organizations (DTOs) are a staple of the Bank Secrecy Act. Takeaway 3 There are several red flags to help identify and report potential trade-based money laundering schemes. . Would you like others articles like this in your inbox? FinCEN has listed DTOs as one of its priorities.

Training 195

Training Regulation Community Austin 195

PYMNTS

AUGUST 30, 2019

Trending: Merchants Struggle With The (Un)Certainty Of eCommerce Sales Taxes. Amadeus Taps Visa’s CyberSource For SCA Compliance. India Restaurants Resist Food Apps. Square Inc. is causing ripples of concern on Wall Street as rivals closes in and one of its customer walks. As Netflix Turns 22, Questions Remain About Subscriber Loyalty.

social media 101

social media Payments Fraud Taxes 101

PYMNTS

MAY 23, 2017

Perhaps even more surprising, TMF’s report found, there is more at play to this trend than U.S. TMF released its report “ Venture Further — What drives international expansion and investment by U.S. Written in conjunction with Forbes, the report, which surveyed C-Suite executives from U.S. businesses?” Instead, nearly half (45.6

US 100

US Compliance Taxes Trends 100

PYMNTS

SEPTEMBER 12, 2019

This week , it was reported that the Financial Action Task Force (FATF), the global anti-money laundering organization, is monitoring the planned Libra cryptocurrency, a signal of the growing scrutiny on cryptocurrency’s potential for money laundering and terrorism financing. The Cost of Compliance. A report found that the U.S.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

MARCH 26, 2018

Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. She pointed to Latin America , which enacted some of the world’s first eInvoicing mandates for the purposes of tax rule enforcement.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

OCTOBER 8, 2019

That challenge is undoubtedly a major headache for the companies operating in this sector, which are often small businesses. The company is now collaborating with city and municipality officials to introduce a solution that enables industry companies to pay their taxes electronically, too. A Shifting Regulatory Landscape. With the U.S.

Compliance 114

Compliance Guidelines Industry Taxes 114

PYMNTS

JULY 23, 2020

By using the new solution, companies will be able to scale operations to offer automated invoicing and reconciliation, global tax and regulatory compliance and better fraud controls, the release stated. As a result, many companies have set about transitioning to automation, PYMNTS reported.

User Experience 140

User Experience Fraud Taxes Resources 140

PYMNTS

OCTOBER 14, 2020

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. But this trend toward crypto doesn’t stop there.

cryptocurrency 323

cryptocurrency Regulation Trends Bitcoin 323

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