PYMNTS

OCTOBER 13, 2019

financial regulators have warned firms with registered digital assets that they must follow securities laws to prevent money laundering, as well as report any suspicious activity. We haven’t said anything about ether — until now,” Tarbert said at Yahoo Finance ‘s All Markets Summit in New York City. “It

Regulation 122

Regulation Security Bitcoin New York City 122

PYMNTS

SEPTEMBER 30, 2020

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. BNY Mellon Names Robin Vince To Lead Global Market Infrastructure.

Marketing 130

Marketing New York Cards Conference 130

PYMNTS

JULY 2, 2018

Just a few weeks in, the data privacy law that has just taken root in the European Union already has some regulators seeking exemptions around the globe. Pertaining to investigations, the regulation – which took effect on May 25 – places restrictions on the data that can be shared internationally in the “public interest.”

Regulation 100

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PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. billion in fraud and theft seen last year. billion number is a huge jump from the $1.7

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PYMNTS

MARCH 23, 2018

To take stock of the cryptocurrency market, take stock? News came Friday that the wild west of cryptocurrencies — where fortunes are made and lost in the blink of an eye, and where regulations are less than regular — might be well-governed by the stock market when it comes to governance. After a fashion.

Marketing 109

Marketing cryptocurrency Conference Security 109

Abrigo

MARCH 22, 2023

A well-known example of a TBML system is the Black Market Peso Exchange , where U.S. Banking regulators and criminals understand TBML, so be sure your AML investigative team also does. Trade-based money laundering is the process of moving illegal funds through the international trade system to legitimize them.

Training 195

Training Fraud New Jersey Regulation 195

PYMNTS

JULY 24, 2019

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. And the New York Times has revealed that it is planning to use blockchain technology to fight fake news.

Regulation 108

Regulation Bitcoin New York Online 108

PYMNTS

FEBRUARY 27, 2020

Ripple has argued that the case, were it to go forward, would upend and threaten to destroy the established XRP market, which has involved over $500 billion in trading over the last several years. percent to about 23 cents at the close of New York trading, having fallen about 14 percent this week, according to numbers compiled by Bloomberg.

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PYMNTS

JULY 13, 2020

Consumers’ and commercial buyers’ interest in the sector have slowly risen since some markets worldwide have reopened brick-and-mortar locations and resumed normal business dealings. Many markets’ stay-at-home orders led consumers looking for new homes to rely on digital tools. declined 17.8

Data 198

Data New York City New York Fraud 198

Insights on Business

APRIL 2, 2019

The costs of running payments operations, complying with a myriad of regulations and enforcing payments standards are increasing. Exposure to operational risks, data breaches and fraud losses can rise as a consequence of adopting new payment types and channels. Applying technologies to modernize payments.

Payments 125

Payments New York City Fraud New York 125

PYMNTS

MARCH 15, 2020

The New York Department of Financial Services ( NYDFS ) sent a letter to the approximate 18 cryptocurrency firms it regulates saying they have 30 days to submit a contingency plan in the face of the coronavirus epidemic. COVID-19 has already had adverse economic effects domestically and globally.

cryptocurrency 150

cryptocurrency Bitcoin New York Regulation 150

PYMNTS

JULY 12, 2019

Lawmakers went on the assumption that reforming federal marijuana laws is a given and used the hearing to discuss regulation. State and federal regulation can ensure that those consumers are using safe products. Fraud, in the herbal world, is a very common occurrence,” she told PYMNTS in a recent interview.

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PYMNTS

APRIL 26, 2019

Cryptocurrencies declined in trading Thursday (April 26) night after the New York Attorney General went after Bitfinex, a crypto exchange, for hiding the fact it’s missing $850 million. The New York AG says the funds used from Tether total $850 million. Tether is backed by the U.S. dollar and is known as a stablecoin.

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Bitcoin New York cryptocurrency Meeting 115

PYMNTS

JANUARY 9, 2019

A New York pension fund is suing Danske Bank and four former executives, accusing the bank of lying to investors and boosting its share price while knowingly concealing and allowing rampant money laundering to continue in the bank’s Estonian branch. Reuters reported that on Wednesday (Jan. District Court.

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US New York United States Course 134

PYMNTS

OCTOBER 23, 2018

The New York Attorney General announced that Wells Fargo & Company has agreed to pay a $65 million fine in connection with its “cross-sell” business model, related sales practices, and publicly reported cross-sell metrics. When the truth was finally made public, New York investors lost millions of dollars.

New York 139

New York Fraud Community Bank Strategy 139

FICO

NOVEMBER 1, 2019

Here, achieving success often involves adopting technologies that let established firms connect their past with their future, in ways that catapult robust-but-inflexible legacy infrastructure into new markets and contexts. High Fraud Losses at Launch. Banks quickly figure out fraud patterns and adjust their defenses accordingly.

Fraud 40

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PYMNTS

SEPTEMBER 29, 2017

Securities and Exchange Commission’s former Chairman Arthur Levitt doesn’t think the regulator is equipped to handle bitcoin, the cryptocurrency that has been surging in value all year. According to a news report in Reuters, Levitt made the comments at the Economist’s Finance Disrupted conference in New York. “I

Bitcoin 112

Bitcoin cryptocurrency Regulation New York 112

PYMNTS

FEBRUARY 15, 2019

He went on to call it “a fraud,” and noted he would fire any trader caught messing with it for being “stupid.” He said he regretted calling bitcoin a fraud, and that the blockchain was a genuinely interesting technology with potential. The JPM Coin, as mentioned, is not the only stablecoin on the market.

blockchain 184

blockchain Bitcoin Payments cryptocurrency 184

PYMNTS

NOVEMBER 22, 2019

Richard Ashton, deputy general counsel for litigation, enforcement and system matters, said at a conference in New York that the Federal Reserve is considering an audit of tech firms’ compliance policies and governance structures. 21), citing a senior official.

Security 116

Security Policies Conference Compliance 116

PYMNTS

AUGUST 14, 2018

14) a new law that would call on technology companies, including Apple , to provide access to encrypted data if they receive a warrant. Capital market tech firm Axoni has become a leader in blockchain technology via partnerships with investment banks, asset managers and market infrastructure companies.

Apple 100

Apple New York City New York blockchain 100

Abrigo

JUNE 5, 2023

Data-driven decisions for managing financial institution risk while driving growth and increasing efficiency are especially important given the recent failures of Silicon Valley Bank, First Republic Bank, and Signature Bank of New York. Regulators review them to assess safety and soundness.

Report 195

Report Risk Management Capital Data 195

PYMNTS

JUNE 16, 2018

The Russian Association of Corporate Treasurers is joining the government-led Masterchain blockchain initiative, a platform developed by the central bank to facilitate communication within Russia’s banking market. Russia is reportedly looking to use the platform to replace SWIFT’s inter-bank communications network.

blockchain 113

blockchain National New York cryptocurrency 113

PYMNTS

SEPTEMBER 13, 2019

Though the announcement garnered a lot of press, it’s far from the only salvo in the increasing regulatory scrutiny of Big Tech; in another recent announcement, New York Attorney General Letitia James is leading an investigation into Facebook. The regulators, it seems, are closing ranks — indicating a fizzle for Google and its peers.

Rhode Island 100

Rhode Island Google Apple Regulation 100

PYMNTS

NOVEMBER 19, 2018

Facebook, the leading social media company, is facing pressure after The New York Times issued a damaging report, with the stock falling close to 5 percent during intraday trading Monday (Nov. consulting firm, to create opposition research on critics of the company.

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social media Report New York Washington 115

PYMNTS

MARCH 9, 2020

And in in an interview with Karen Webster, Dave Szuchman, PayPal’s head of Global Financial Crime and Customer Protection, said that understanding how guns are bought and sold on the black market can help reduce, and block, illegal access to firearms. So, it’s almost like what is old is new again.”.

Data 177

Data United States Chicago Community 177

PYMNTS

MARCH 17, 2017

Lack of oversight, regulation and the potential for fraud in the broader bitcoin space. The SEC noted that for them to approve an exchange that lists and trades shares of commodity-trust, exchange-traded products, the exchange must first have surveillance-sharing agreements with significant markets. The reason?

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Bitcoin Regulation cryptocurrency blockchain 123

CFPB Monitor

JANUARY 27, 2015

Mishkin Below is an update on the lawsuits we have been following that state attorneys general and a state regulator have brought using their Dodd-Frank enforcement authority. The motion seeks summary judgment on the AG’s Illinois Consumer Fraud Act claim to the extent it relies on internet marketing allegations.

Regulation 60

Regulation Illinois Mississippi Florida 60

PYMNTS

AUGUST 1, 2018

Supreme Court struck down state bans on sports betting, MGM Resorts International has signed deals with the NBA and other operations that could mark the first chapter of the country’s new sports and gambling culture. MGM officials will also reportedly help the league detect fraud and game-fixing. NBA Data and Logos. GVC Joint Venture.

United States 101

United States Online New York Louisiana 101

PYMNTS

OCTOBER 18, 2019

District Court for the Southern District of New York, asking that the court deny the U.S. The company said it has been working with the SEC regarding both the TON blockchain and Grams for the past 18 months, but the regulator has not provided any feedback. Telegram has filed a motion with the U.S.

blockchain 101

blockchain Samsung Bitcoin Innovation 101

PYMNTS

NOVEMBER 2, 2018

He said the digital currency was a “terrible store of value” in 2014 and called it a fraud last year. (He In other news, the Department of Financial Services in New York said on Thursday (Nov. In all, the outlet noted that Dapper Labs has taken in $27 million in new funding in 2018.

Bitcoin 123

Bitcoin District of Columbia Texas New York 123

PYMNTS

JANUARY 17, 2020

Visa CEO Al Kelly said on a conference call with investors following the announcement that “Plaid opens up new market opportunities by significantly expanding Visa’s network capabilities.”. Wells Fargo is aiming to refresh its approach to technology to ensure systems stay online, block cybercriminals and satisfy regulators.

Fintech 100

Fintech New York City New York Mobile 100

PYMNTS

MARCH 13, 2017

News Friday (March 10) that the Securities and Exchange Commission (SEC) nixed a proposed rule change that could have given rise, sooner rather than later, to a bitcoin exchange-traded fund (ETF) took the wind out of the proverbial sales (pun intended) or the proverbial luster off the virtual currency for a spell. . Maybe a very short spell.

Bitcoin 117

Bitcoin cryptocurrency Regulation New York 117

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. billion in fraud and theft seen last year. billion number is a huge jump from the $1.7

cryptocurrency 101

cryptocurrency National Fraud Security 101

PYMNTS

DECEMBER 1, 2017

The company informed the New York Attorney General, Eric Schneiderman, and the FTC about the October 2016 hack for the first time on Tuesday. The New York AG isn’t the only regulator that’s taken an interest in this story. Privacy regulators for the European Union said Wednesday (Nov.

New York 144

New York Data Regulation Washington 144

Abrigo

AUGUST 6, 2019

Like other FinCEN advisories, they contain common typologies, red flags to look for, and guidance on complying with FinCEN regulations to address those threats and vulnerabilities. FIs must understand the industry, the markets, and the risks. Follow the FinCEN advisories and watch for future guidance in this growing market.

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System Las Vegas San Antonio San Diego 264

PYMNTS

OCTOBER 26, 2016

This historic cyberattack caused a ripple of disruption to websites across all sorts of industries — GitHub, Netflix, Twitter, Walgreens, The New York Times , PayPal, Spotify and many others. Look no further than last Friday (Oct.

US 100

US Washington New York Security 100

CFPB Monitor

FEBRUARY 8, 2017

The CFPB and the New York Attorney General this week filed an action against RD Legal Funding, LLC, two of its affiliates, and their principal (collectively, “RD”), alleging that a litigation settlement advance product offered by RD is a disguised usurious loan that is deceptively marketed and abusive.

New York 60

New York Compliance Fraud Examples 60