PYMNTS

NOVEMBER 29, 2018

Federal authorities in Germany raided six offices of Deutsche Bank on Thursday morning (November 29), searching for evidence about money laundering and offshore tax havens, according to a report by The Wall Street Journal. The searches could very well continue into Friday, authorities said.

Taxes 129

Taxes United States Report Company 129

BankBazaar

OCTOBER 1, 2022

Additional Reading: A Millennial’s Guide To Tax-Saving Investments. NPS is an easily accessible and portable retirement savings instrument that is low cost and tax efficient. As per the 1961 Income Tax Act, NPS offers tax benefits of up to Rs. What are the income tax benefits available to individuals contributing to NPS?

Taxes 78

Taxes Policies National Management 78

PYMNTS

AUGUST 13, 2018

Tax policy. The move to grab billions of dollars in holdings amid wild speculation has come against a backdrop where tax policy remains unsure. The upshot may be taxes owed, or penalties looming…or both. You can’t tax something – a least not easily – without defining what is being taxed. A currency?

Taxes 100

Taxes Policies cryptocurrency Guidelines 100

South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

Taxes 195

Taxes Community Bank Community Operations 195

FICO

MARCH 8, 2021

This year the Internal Revenue Service (IRS) will start accepting 2020 tax returns on February 12 , about two weeks later than usual. That’s positive news—because you definitely want to file your tax return as soon as possible, particularly if you’re claiming a refund. How do fraudsters commit tax refund fraud? File early.

Taxes 52

Taxes Fraud Security Cards 52

PYMNTS

MAY 2, 2016

The Internal Revenue Service has estimated that the business of tax evasion is a costly one for the government. Tax cheats cost the government as much as $458 billion annually, according to data tabulated between 2008 and 2010. As noted by Fortune , public awareness over tax evasion has been heightened.

Taxes 100

Taxes US United States Fraud 100

PYMNTS

SEPTEMBER 17, 2020

Physical documents introduce a trove of friction points for the enterprise. Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. A (Digital) Document Deluge.

Compliance 157

Compliance Taxes Industry Data 157

PYMNTS

JANUARY 16, 2019

The CBA pilots, as reported by CoinDesk and other sites, were tied to the issuance of letters of credit and securities. The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. IoT Gains Traction With Blockchain.

blockchain 206

blockchain Taxes Security Survey 206

PYMNTS

JANUARY 24, 2019

Data and analytics company Ascension has suffered a data leak that exposed more than 24 million loan and mortgage documents from some of the country’s biggest banks. Unfortunately, the server wasn’t password protected, giving anyone access to the documents. It’s those documents that were exposed, Diachenko said.

Taxes 155

Taxes New York Security Data 155

MyBankTracker

JUNE 19, 2020

You must also provide supporting documentation to back up income claims. Documents Needed for a Mortgage Pre-Approval. So, prepare to provide the following list of documentation: 1. Tax returns from previous two years. Getting old tax returns. This will have most line items from your originally filed tax return.

Taxes 52

Taxes Payments Report Security 52

PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Federal Trade Commission on Tuesday (Sept.

Taxes 134

Taxes Fraud Operations Security 134

PYMNTS

FEBRUARY 3, 2020

Daya Shankar Kushwaha was arrested by tax officers in New Delhi for allegedly using fake invoices worth over Rs 1,200 crore to get tax benefits, according to reports on Monday (Feb. Kushwaha reportedly used fraudulent Input Tax Credit (ITC) of Rs 124 crore. .

Taxes 132

Taxes New York Fraud Report 132

Abrigo

MAY 10, 2021

While a financial institution often primarily focuses on securing software to originate business loans, a commercial LOS provides scalability when it offers integrated solutions on one platform to manage all stages of the life of the loan. Without this, staff must engage in back-and-forth emails or phone calls to check the status of a loan.

System 195

System Lending Analysis Software 195

BankBazaar

DECEMBER 12, 2023

The added perk is its tax benefit – investing in PPF allows you to save up to ₹ 1.5 lakh annually with tax breaks under Section 80C. This stability and tax efficiency appeal to risk-averse investors, evident in the current 7.1% Additional Reading: Why Should You Choose NPS As A Tax-Saving Investment? return rate.

Taxes 78

Taxes National Marketing Regulation 78

PYMNTS

JANUARY 31, 2021

Kindambu, 49, “carried out the scheme in connection with two businesses that he owns by creating fraudulent payroll documentation for each business, and then submitting that documentation in support of the PPP loan applications,” the U.S. District Attorney’s Office for the Eastern District of Virginia stated in the release.

Virginia 222

Virginia Fraud Taxes Meeting 222

PYMNTS

APRIL 24, 2020

BleepingComputer.com reports that the Coronavirus Aid, Relief and Economic Security (CARES) Act has triggered the latest round of scams. . The phishing expedition, as explained by AbnormalSecurity.com , requests the recipient’s signature for PPP documents. The fraudsters’ mission is to lure recipients with financial relief options.

Taxes 159

Taxes Exercises Security Study 159

BankBazaar

NOVEMBER 27, 2023

The Significance of End-of-the-Year Financial Planning Tax Optimisation: One of the primary reasons for end-of-the-year financial planning is to optimise your tax situation. By reviewing your income, expenses, and investments, you can identify opportunities to reduce your tax liability.

Taxes 78

Taxes Resources Strategy Policies 78

PYMNTS

AUGUST 17, 2020

9 in 10 of ASX 100 companies were found to have lapsed security strategies that allow for email spoofing and invoice scams , a new report from Agari said. According to reports, the individual had access to the business’s bank accounts, allowing her to make tax payments.

Fraud 237

Fraud Trends Security Report 237

MyBankTracker

MAY 22, 2020

Being claimed as a dependent on someone else’s tax return or claiming a dependent on your tax return can have a direct impact on the amount of your tax refund or the amount you owe. Two tax returns can’t both claim the same dependent even if they have different filing statuses. This could be identity theft.

Taxes 52

Taxes How To Security Data 52

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat. ” A memo included with the subcommittee’s documents also pointed to the U.S.

US 227

US Cyber Security Security National 227

PYMNTS

MAY 19, 2020

In an application to the first lender, Yates allegedly asked for $5 million in PPP loan proceeds by claiming to have 400 employees with an average monthly payroll of $2 million, according to court documents in the U.S. District Court in Texarkana. In the second application, Yates said he employed 100 individuals and obtained a $500,000 loan.

Texas 205

Texas Fraud Taxes Security 205

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

APRIL 30, 2019

Suspension, Taxes and a Breach. Securities and Exchange Commission (SEC) announced that it has temporarily suspended the trading of Bitcoin Generation shares (BTGN) from the Oklahoma-based cryptocurrency exchange. In other news, Australia wants to make sure crypto traders are paying their fair share in taxes.

Bitcoin 134

Bitcoin Taxes New York Oklahoma 134

Abrigo

DECEMBER 8, 2016

Document collection: A crucial part of any loan origination process is collecting the necessary documents from the borrower. In traditional loan origination processes the borrowers’ only options for submitting documentation are to either travel to the bank to submit documents in person, or to mail the documents.

How To 150

How To Lending Community Bank Community 150

PYMNTS

FEBRUARY 27, 2019

Even though biometrics offer notable security advantages, they do come with risks. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . Giving travel documents a biometric boost . A reported 3.6

Security 159

Security National Wyoming Idaho 159

PYMNTS

MAY 30, 2019

The financial impact of the data breach – which included bank account numbers, Social Security numbers, financial and tax records, and images of drivers’ licenses – is more than $5 million, according to the damages the lawsuit is seeking. First American was the title insurer for 11 housing deals.

Data 148

Data Pennsylvania United States Security 148

Abrigo

AUGUST 28, 2019

When commercial bankers making $200,000 a year are driving all over town to pick up supporting documents just to get the completed loan application moving forward instead of calling on prospects, inefficiencies of a manual application system are personally frustrating. This reduces bottlenecks and is easier for borrowers and lenders.

Lending 150

Lending Analysis Taxes Data 150

PYMNTS

APRIL 30, 2019

The resulting document shows the extent of bank supervisors’ failures to catch the money laundering or stop it from happening. The document illustrates how little action was taken to respond to the warnings, a move that the EBA says is a breach of EU rules.

Virgin Islands 129

Virgin Islands Taxes National Regulation 129

PYMNTS

MARCH 18, 2020

A common scheme involves fraudsters posing as tax officials — a particularly effective tactic during the first quarter, when restaurants are preparing employee W2s and corporate tax documents. Those that do can then be identified for further training, eliminating weak links in the security chain.

Fraud 177

Fraud Training Data Taxes 177

Abrigo

OCTOBER 15, 2020

The SBA’s Lender Application Form requires lenders to certify that they have “complied with the applicable lender obligations,” including confirming receipt of the borrower’s certifications, receipt of information regarding employee pay and taxes, and the average monthly payroll costs. Other PPP Fraud Indicators.

Fraud 150

Fraud Lending Los Angeles Taxes 150

PYMNTS

DECEMBER 10, 2020

the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc. Plus, HM Treasury is seeking input on the challenges that the sharing economy brings for value-added tax (VAT). and Europe the ability to send secure funds to 12 nations in Africa for a reduced charge. Canada, U.K.

Payments 178

Payments Google Technology Taxes 178

PYMNTS

OCTOBER 9, 2020

million in federal Paycheck Protection Plan (PPP) funds, which are backed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Federal prosecutors on Thursday (Oct. 8) charged a Dallas-area man with allegedly playing a role in a scheme that sought to fraudulently obtain $24.8

Texas 142

Texas Fraud Dallas Taxes 142

PYMNTS

OCTOBER 18, 2019

A document titled “Central Bank Money: The Next Generation,” part of a two-year research project, was reportedly presented to the current Bank of Canada Governor Stephen Poloz in 2018.

cryptocurrency 102

cryptocurrency Taxes Compliance Regulation 102

PYMNTS

SEPTEMBER 16, 2020

In its announcement , Payoneer said 10 banks and eWallets across 10 countries have signed onto the program, which focuses on transaction security and lowering costs for FIs to provide global payment services integrated into the banking platform already in-use. "By Eedenbul Secures PSD2 License. Faster Payments and BACS schemes.

Taxes 141

Taxes Fintech Payments Security 141

PYMNTS

JANUARY 8, 2020

In documents released Tuesday (Jan. 8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. Call it, perhaps, a New Year’s Resolution list — for regulators. The decision had originally been scheduled for Dec.

blockchain 138

blockchain Phoenix Compliance cryptocurrency 138

PYMNTS

JANUARY 19, 2021

He also allegedly submitted fake tax documents with both applications. Yates allegedly submitted a list of the purported employees with the applications, which he had obtained from a random name generator on the internet, the release said. Yates was charged with two counts of wire fraud.

Texas 263

Texas Fraud Taxes Report 263

MyBankTracker

MAY 20, 2020

That is, it can feel like a windfall of cash – until, that is, you realize you need to report taxes on the interest earned. Still, while the tax part may not be loads of fun, it’s always nice to end up with some unexpected cash. savings bonds that were issued on paper or electronically, and how to report it on your taxes.

Taxes 52

Taxes How To Report Course 52