PYMNTS

JANUARY 7, 2020

OneConnect used Guangdong’s “digital government” tech resources, as well as its own blockchain tech, AI and Big Data, to create the platform — which has access to data in 213 categories from 26 departments of government, and has connected with 129 financial institutions in the China province.

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

Abrigo

MARCH 4, 2020

With more and more states approving the sale of cannabis, either marijuana or hemp, the risks involved with banking this industry has remained at the forefront of compliance officers' minds. Resources on Banking Cannabis. We have the resources and solutions to help you navigate through regulation and keep you compliant.

Resources 195

Resources Policies Regulation Taxes 195

PYMNTS

DECEMBER 2, 2019

Nonprofit organizations are responsible for providing multiple community services, including access to shelters, clothing, food and clean water, as well as educational and mental health resources. million tax-exempt groups active in the U.S., according to the latest figures from the IRS, which monitors and regulates such organizations.

Management 141

Management Taxes Groups Regulation 141

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes.

Payments 260

Payments Compliance Technology Taxes 260

Abrigo

MARCH 24, 2023

You might also like this resource: "BSA/AML risk assessment checklist." Do you offer services to those without a Tax ID Number (TIN)? In that case, this could indicate a need for a strong culture of compliance, which will ultimately lead to further increased risk. If so, how is this monitored?

Fraud 195

Fraud Compliance Examples Analysis 195

PYMNTS

AUGUST 1, 2019

Whether out of choice or out of necessity, gig work is on the rise, and with it comes a slew of new challenges for this growing population of professionals — most notably, a lack of time and resources available to larger, more traditional businesses. According to Billel Ridelle, founder and CEO of newly-launched U.K. Before PSD2, U.K.

Taxes 151

Taxes Resources Management Analysis 151

PYMNTS

NOVEMBER 2, 2018

The pairing allows businesses and their accountants to accelerate supplier payments while maintaining compliance with tax mandates and other regulations across borders.

Taxes 156

Taxes Resources Compliance Data 156

Abrigo

SEPTEMBER 10, 2021

BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. The role of BSA staff was typical compliance and very task-oriented. BSA Rules and Regulation. BSA Rules and Regulation. Learn More. Learn More. BSA Training. Learn More. BSA Training.

Training 195

Training Risk Management Pennsylvania Resources 195

Abrigo

DECEMBER 20, 2021

Millions of dollars in suspicious activity were not reported to FinCEN in a timely or accurate manner, including those connected to tax evasion, illegal gambling, money laundering, and other financial crimes. . Inadequate staffing: The lack of technological and human resources will result in deficiencies in an AML program.

Resources 195

Resources Texas Analysis System 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

Abrigo

FEBRUARY 23, 2023

At the same time, the technology can reduce to seconds the time it takes for routine tasks like adding information from tax returns and financial spreading. Check out our 1071 compliance resources. With the right resources, growth opportunities are attainable despite current economic and industry challenges. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

APRIL 19, 2019

That’s particularly true when it comes to compliance and data security. The EU’s General Data Protection Regulation (GDPR) is a prime example, said Jones. Payroll and tax-related regulations are also a strategic focus for accountants handling payroll for their customers. In the U.K., In the U.K.,

Innovation 154

Innovation Compliance Technology Resources 154

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes.

Payments 153

Payments Compliance Technology Taxes 153

Abrigo

AUGUST 19, 2020

Imposter scams, money mule schemes, tax fraud, charity solicitations, and cybercrime exploitation methods have all found solid ground to twist a known fraud typology in something that looks legitimate during the fears of the pandemic. BSA Rules and Regulation. Top 5 Regulator Hot Topics During COVID-19 and Beyond. SBA Lending.

Fraud 195

Fraud System Trends Software 195

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

AUGUST 20, 2019

One solution may address tax issues, another currencies, and so on — and that approach, he said, works well for larger firms, but decidedly less well for everyone else. Those firms have not had the time, money or resources to fully attend to the complexities of managing AP on a global scale, which presents a challenge. “If

Management 127

Management Payments Taxes Software 127

FICO

DECEMBER 15, 2016

When it comes to anti-money laundering (AML) and financial crime, the right strategy, people resources and technology can transform the compliance function into a competitive advantage. This year, as in 2015, I was intrigued to meet compliance professionals from around the globe, talking about the challenges in their markets.

Compliance 40

Compliance Report Meeting Groups 40

PYMNTS

NOVEMBER 20, 2020

Gulati discussed what this trend means for the way that multi-entity SMBs manage a range of financial workflows across borders, and how technology can ease the biggest friction pain points like foreign exchange volatility and domestic compliance. Cross-Border Headaches.

Compliance 154

Compliance Data Trends Payments 154

Abrigo

AUGUST 19, 2020

Imposter scams, money mule schemes, tax fraud, charity solicitations, and cybercrime exploitation methods have all found solid ground to twist a known fraud typology in something that looks legitimate during the fears of the pandemic. BSA Rules and Regulation. BSA Rules and Regulation. Card Fraud. Financial Cybersecurity.

Fraud 195

Fraud System Trends Software 195

PYMNTS

JANUARY 22, 2018

There are two key focuses for mid-market expense management tools, he said: infrastructure and regulatory compliance. “Just think about a standardizing and cutting-edge IT system, and the resources needed to run it.” “Some observers will define the market as $10 million in the top line to $1 billion. .

Management 116

Management Compliance Taxes Marketing 116

Abrigo

JULY 17, 2017

He is also sharing tips for ensuring compliance with overarching consulting services standards in the accounting profession. The typical services of audit, tax and bookkeeping require primarily technical expertise – mastery of audit and accounting standards, an understanding of tax law and regulations, and the ability to apply them.

Honolulu 150

Honolulu Taxes eBook Leadership 150

PYMNTS

MARCH 14, 2018

“The same innovations that power crypto-assets can also help us regulate them,” said Christine Lagarde in an IMF blog post Tuesday, according to CoinDesk reports. Blockchain, on the other hand, has a potential to facilitate data exchange between regulators and relevant parties to combat this threat. In the U.S.,

blockchain 129

blockchain cryptocurrency Regulation Taxes 129

PYMNTS

OCTOBER 17, 2018

Recreational marijuana may be legal in Massachusetts, but it remains banned at the federal level, which puts pressure on marijuana businesses and their financial partners to ensure they follow regulations regarding marijuana-related money. We want to make sure every ‘t’ is crossed and every ‘i’ is dotted,” Sbrega said. “We

Colorado 126

Colorado Massachusetts US Industry 126

CFPB Monitor

JULY 21, 2022

Clearly: if eventually passed, this amendment will change the landscape of professional service providers, including tax return preparers with foreign clients, and payment processors. As we will discuss, it applies the BSA to persons providing corporate formation, trust, third-party payment, or similar legal or accounting services.

United States 78

United States Taxes Regulation Compliance 78

Abrigo

JANUARY 28, 2015

Much like tax forms were once frequently completed with just a calculator, pencil and paper, the same is true of a business valuation. Compliance. Each option has its own merits, and the decision maker has a few items to consider when building or buying. Human error. Microsoft Office’s Excel is a clear winner for usability.

Taxes 150

Taxes Compliance Course Software 150

BankUnderground

NOVEMBER 8, 2023

In a new working paper , we show that cap-and-trade schemes lead to lower volatility in GDP and financial variables, and result in reduced welfare costs of the business cycle , when compared to the more widely known carbon taxes. These firms acquire capital by pooling their financial resources and taking loans from banks.

Policies 64

Policies Regulation Taxes Compliance 64

PYMNTS

FEBRUARY 19, 2018

As a result of the relative lag in technology adoption, organizations are less adept at getting all the information they need to streamline those supplier relationships, such as tax information or other crucial items that he said “cry for information … it’s a very risky process to pay the wrong people.”.

Management 129

Management Taxes Resources Payments 129

FICO

FEBRUARY 27, 2019

Most respondents (62%) said that a lack of resources was the biggest reason APAC banks remained exposed; 25 percent cited a lack of expertise while 13 percent indicated it was political constraints imposed by government. Respondents had a difference of opinion on the most effective way to increase money laundering compliance.

Compliance 45

Compliance Regional Survey Analytics 45

PYMNTS

SEPTEMBER 4, 2019

Merchants must handle the sales tax compliance obligations of each locale from which they receive money if they want to sell online. The complexities of sales tax compliance affect business decisions by both sellers and marketplaces, according to Ted Hettich, chief sales officer at U.K. Deciphering obligations.

Taxes 131

Taxes Policies Compliance Retail 131

Insights on Business

JULY 20, 2017

Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. Related resources. IBM Bluemix.

Fintech 181

Fintech Mobile Examples Data 181

PYMNTS

FEBRUARY 10, 2017

It’s an ambitious plan, but being at the center of Europe — where corporates, startup resources and policy makers all converge — and having a buzzing hub of entrepreneurship provide a strong foundation for the country’s digital revolution goals. However, there are some challenges that startups operating in Brussels do have to overcome.

Capital 100

Capital Regional Innovation Fintech 100

PYMNTS

JANUARY 19, 2021

But reaching a broader range of consumers, accommodating their payment preferences, and satisfying regulatory and tax issues in unfamiliar territory introduces a host of new operational challenges for these companies. Retailers are entering new markets at a time when regulations are becoming more complex and costly, not less.

Branding 322

Branding Taxes Fraud Regulation 322

FICO

FEBRUARY 25, 2022

Whether voluntary or regulated, whether the banks lose out or the customers do, one thing is clear: the contingent reimbursement model shuts the stable door long after the horse has bolted. The customer however is not happy, they were trying to make a payment into their pension before the annual tax deadline – and now they’ll miss it.

Fraud 52

Fraud Payments Taxes Analytics 52

Gonzobanker

JUNE 18, 2019

So a banker can finally see some due diligence, get a handle on what it would cost to move to these core systems, and pass muster on regulatory compliance. If we are lucky, technology costs will move from a tax on the organization to more of an investment in competitiveness to take on the big boys. Having new players in town is good.

System 87

System Strategy Technology Industry 87

CFPB Monitor

MARCH 24, 2020

Compliance with the commitments would be a condition of the FDIC’s grant of deposit insurance, issuance of a nonobjection to a change in control, and approval of a merger.

FDIC 60

FDIC Taxes Industry Policies 60

BankUnderground

APRIL 28, 2023

The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress. Additionally, regulators in various jurisdictions have been trying to create simpler (but not weaker) regulatory frameworks for small banks.

Capital 78

Capital Lending US Data 78

PYMNTS

MARCH 21, 2018

Globalization, while supporting business growth, places new pressures and challenges on the payroll department — particularly when it comes to compliance and the need to manage regulations that continue to evolve both within and across borders. found most admit they have seen “questionable” practices related to compliance.

Compliance 109

Compliance Survey Resources Regulation 109