PYMNTS

MARCH 27, 2019

regulators in the wake of money laundering scandals, reported the Financial Times. In what is seen as a significant increase in the level of scrutiny placed on the bank, the New York State Department of Financial Services (DFS) alerted Swedbank in a letter in February that it was looking into seven different cases at the bank.

Regulation 122

Regulation New York US Maine 122

PYMNTS

JUNE 13, 2019

Countering digital fraud is a lot like playing whack-a-mole: As soon as one fraudster is taken out, two more pop up where they’re least expected. The popularity of digital banking services has created ample opportunities for bad actors, leaving banks scrambling to protect themselves against the rising tide of fraud.

Fraud 128

Fraud Analytics New Jersey Data 128

PYMNTS

FEBRUARY 21, 2018

Montroll operated an unregistered online securities exchange and defrauded its users by misappropriating their bitcoins. We allege that BitFunder operated unlawfully as an unregistered securities exchange,” Marc Berger, director of the SEC’s New York regional office, said in the release.

Fraud 102

Fraud Bitcoin New York Regional 102

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

Regulation North Carolina Alabama cryptocurrency 100

Abrigo

APRIL 6, 2022

Takeaway 1 Financial institutions must revise their incident response and business continuity procedures to meet new requirements by May 1, 2022. Takeaway 2 The change includes an obligation to inform regulators of a “notification incident” ASAP and no later than 36 hours after a reportable event occurs.

Security 195

Security Regulation District of Columbia United States 195

Abrigo

MARCH 22, 2023

Banking regulators and criminals understand TBML, so be sure your AML investigative team also does. It is also beneficial for investigators to understand domestic and international geographical risks. Gain confidence in your BSA program.

Training 195

Training Fraud New Jersey Regulation 195

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

Fraud 130

Fraud Report cryptocurrency National 130

Insights on Business

APRIL 2, 2019

Customers increasingly demand new payment options like real-time payments and P2P payments, underpinned by security and trust. The costs of running payments operations, complying with a myriad of regulations and enforcing payments standards are increasing. Applying technologies to modernize payments.

Payments 125

Payments New York City Fraud New York 125

PYMNTS

NOVEMBER 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. 22), regulators in the U.K., According to a report in Fortune published Wednesday (Nov. Meanwhile, in the U.K., s capital.

Regulation 100

Regulation Cyber Security Connecticut Illinois 100

Celent Banking

NOVEMBER 11, 2015

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. The timing will undoubtedly put pressure on regulators to push through strong regulation.

Cyber Security 100

Cyber Security Regulation Security New York 100

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

FICO

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. A lot has changed since the last pre-pandemic FICO World conference, held in November 2019 in New York City.

Fraud 52

Fraud Trends South Carolina Risk Management 52

Abrigo

JUNE 10, 2020

The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. The regulators don’t care what your budget is,” Luttrell says. Attorney’s Office for the Southern District of New York. The recent $450,000 fine of U.S. Get adequate resources. Bank’s parent, U.S.

Resources 195

Resources Regulation Compliance Policies 195

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.

Bitcoin 115

Bitcoin New York cryptocurrency Meeting 115

PYMNTS

SEPTEMBER 21, 2020

BuzzFeed said the thousands of suspicious activity reports, authored by lenders and shared with the government, offer a glimpse into global corruption enabled by banks and allowed to flourish by regulators. Standard Chartered moved cash for a Dubai business that was later accused of laundering cash on behalf of the Taliban.

Report 279

Report North Carolina United States New York 279

PYMNTS

NOVEMBER 16, 2018

While the previous purchase amount threshold varied by city, it’s now set at $300,000 for each metropolitan area, covering certain counties within the following major locations: Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco and Seattle.

Las Vegas 134

Las Vegas San Antonio Report San Diego 134

PYMNTS

DECEMBER 12, 2018

Right now, though, we are talking about fraud, and how criminals use online data sites to steal from consumers in search of romance or, at least, some temporary companionship. Global fraud related to online dating scams costs “several billion dollars a year,” Hochrieser said, “and it’s growing every year.”. The solution?

Online 159

Online Fraud System New York 159

PYMNTS

FEBRUARY 22, 2019

The OCC identified the deficiencies in the bank’s branches in New York, Los Angeles and Chicago. It also oversees OFAC sanctions compliance and anti-corruption compliance across all of MUFG Bank’s worldwide operations. From a bank’s perspective, we need to process these papers manually, including checking for fraud, etc.”

Compliance 108

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PYMNTS

DECEMBER 2, 2019

New York and British regulators already levied almost $700 million in fines against Deutsche in a separate $10 billion money laundering case involving the so-called “mirror trades” from Russia.

Washington 200

Washington New York Regulation Report 200

PYMNTS

OCTOBER 24, 2018

This is the demand that companies like New York-based Tern Commerce , which helps international card issuers offer debit cards and stored-value cards to consumers in more than 100 countries, are looking to serve. Fraud is a huge consideration for us,” Bonkowski said. The Future of Fraud Protection. and around the globe.

Fraud 166

Fraud Cards Online Data 166

PYMNTS

JUNE 16, 2018

The initiative eventually hopes to join banks and government agencies that collaborate on contract registration and regulation. Using Masterchain will reduce operating costs by up to five times, the white paper claims, and will accelerate contract processing.

blockchain 113

blockchain National New York cryptocurrency 113

PYMNTS

MARCH 23, 2018

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. Redfearn is head of the SEC’s trading and markets operations. Might that be a good thing?

Marketing 109

Marketing cryptocurrency Conference Security 109

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release. “In

ATM 100

ATM National New York City New York 100

PYMNTS

FEBRUARY 6, 2017

As reported by New York magazine , the Lifeline program allows for the establishment of a $9.25 And yet, those nine ISPs have been kept from the program itself, including, said the magazine, a lone ISP that operates across as many as 40 U.S. monthly credit to be earmarked to pay for landline or mobile phone services.

Washington 100

Washington New York Fraud Mobile 100

PYMNTS

MARCH 7, 2017

According to a report in The New York Times , the investigation in Turkey is focused on the way Google offers up digital services as part of a suite of software related to Android, its widely popular mobile operating system. Regulators in the U.S.

Google 100

Google New York Software Regulation 100

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. GVC Joint Venture.

United States 101

United States Online New York Louisiana 101

PYMNTS

SEPTEMBER 13, 2019

As you no doubt know, 50 attorneys general this week announced an antitrust investigation into Alphabet and Google’s operations. The regulators, it seems, are closing ranks — indicating a fizzle for Google and its peers. For Big Tech, Monday offered a show of unity likely less than desired.

Rhode Island 100

Rhode Island Google Apple Regulation 100

PYMNTS

MARCH 9, 2020

We may, as a society, have been dealing with cybercrime, fraud and illegal trafficking for a while, but now, those activities are converging on a global stage. But if you think about trafficking,” he said of the flow of illegal firearms, “there’s a huge financial backbone to these operations. People are looking to make money.

Data 177

Data United States Chicago Community 177

CFPB Monitor

NOVEMBER 1, 2018

The New York Attorney General has filed a lawsuit against a group of commonly owned and managed companies headquartered in New York that include companies operating retail jewelry stores in numerous states under the name Harris Jewelry and another company providing financing for sales made at such stores under the name Consumer Adjustment Corp.

New York 60

New York Fraud Retail Operations 60

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

NOVEMBER 30, 2016

RCBC, the Philippine lender, and a Bangladesh minister are fighting over who is to blame for tens of millions of dollars that were stolen from a New York bank and then disappeared in Manila, with RCBC balking at compensating Bangladesh Bank. Hug noted Senate President Aquilino Pimentel Jr.

New York 100

New York Conference Meeting Security 100

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

PYMNTS

JUNE 7, 2018

Now that principle applies to Europe’s General Data Protection Regulation (GDPR) – at least according to one report. Security Boulevard reported this week (June 6) that in the wake of the new digital security rule taking effect, criminals were quick to use it to their advantage. That’s the same trend benefiting Google. “It

Los Angeles 107

Los Angeles Google Regulation Data 107

PYMNTS

JULY 28, 2016

A 42-year-old man charged with running a high-end counterfeit money scheme was hauled into a New York courtroom on Wednesday (July 27) after being extradited from Malaysia. According to a report from Courthouse News, Houssein was being investigated as part of a long-term undercover investigation that lasted for years.

New York 100

New York National Groups System 100

Independent Banker

DECEMBER 31, 2021

Regulators haven’t yet broached the subject with them. will continue its mission to fund microloans to new small businesses in New York City’s low-income neighborhoods, says president and CEO Carlos P. Badger Bank is having trouble finding staff “across the board,” from operations to tellers and trust officers. “We

Community Bank 144

Community Bank Community Lending Louisiana 144

Gonzobanker

OCTOBER 24, 2018

Name the rule, reg or newly formed regulator, and the common bond is that they were all born out of bankers not policing their own industry. That cost Wells an initial $185 million in fines and another $142 million in a class action suit, followed in May 2018 with another $480 million in settlements for related securities fraud.

San Francisco 143

San Francisco Industry America Compliance 143