PYMNTS

MAY 19, 2020

The Security Service of Ukraine is reportedly holding a hacker for allegedly selling a database with 773 million email addresses and 21 million unique passwords, CoinDesk reported. In other news, the government of Iran is aiming to limit digital currency exchanges with so-called “currency smuggling” regulations, CoinDesk reported.

Bitcoin 148

Bitcoin cryptocurrency Taxes Security 148

PYMNTS

AUGUST 9, 2020

A plan by India to regulate what it terms “non-personal” data has roiled the executives of Big Tech companies like Amazon , Facebook and Google and advocates for freedom and competition in business, Reuters reported. The idea is for the companies to share data so as to spur research, national security and policymaking.

Data 168

Data US Washington Regulation 168

CFPB Monitor

JANUARY 9, 2020

The New York Department of Financial Services has sent a letter to the institutions that it regulates requiring each such institution, by February 7, 2020, to provide to DFS a description of its “plan to address its LIBOR cessation and transition risk.” (LIBOR is the acronym for the London Inter-Bank Offered Rate.).

Regulation 78

Regulation New York Management Taxes 78

PYMNTS

SEPTEMBER 16, 2020

PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market entrants to rival incumbents in the small business banking arena. Eedenbul Secures PSD2 License. Banking and accounting for U.K.

Taxes 141

Taxes Fintech Payments Security 141

Abrigo

JANUARY 17, 2023

Takeaway 1 Many financial institutions used a customer portal for PPP, but once the program ended, went back to old manual processes, Takeaway 2 Automating lending provides a secure portal between the bank and customer and automated workflows that speed origination. The customer portal for requesting financials and tax returns.

Lending 195

Lending System Customer Experience Case Study 195

PYMNTS

JULY 26, 2020

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. SPDIs may focus on traditional assets as well.”

Wyoming 153

Wyoming cryptocurrency Regulation blockchain 153

PYMNTS

JANUARY 4, 2019

A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports. Cryptocurrency, however, is more than just an asset that stores value.

cryptocurrency 163

cryptocurrency New York New York City Study 163

PYMNTS

DECEMBER 1, 2019

The previous list only included firms involved in “critical infrastructure” such as electricity networks and IT security. “We One involves the French carmaker PSA, its German subsidiary Opel, and the French battery-maker Saft, while the second includes BMW and the German chemicals group BASF.

Taxes 164

Taxes Security National Regulation 164

PYMNTS

JULY 15, 2020

“As a reputable law firm, they would have investigated EMIF’s position and been satisfied as to matters such as EMIF’s beneficial ownership, compliance with money-laundering and terrorist financing laws, and the absence of tax and other fraud,” Cranston wrote, FT reported. Still, this is not the end of troubles for Wirecard.

Fraud 160

Fraud Taxes Groups Compliance 160

PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109

Retail Taxes Virginia South Dakota 109

PYMNTS

AUGUST 2, 2019

In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ).

blockchain 148

blockchain Fraud Data Report 148

CFPB Monitor

DECEMBER 28, 2020

Banking trade groups successfully lobbied for this provision because banks were caught in the middle between their legal obligation to recognize state garnishment orders obtained by creditors and their desire to help protect EIPs for their financially-strapped customers. Part 212 of Treasury’s regulation. However, H.R. Other EIPs (e.g.,

Taxes 148

Taxes Payments Regulation Groups 148

Independent Banker

MARCH 31, 2022

Here stood a group of experienced and passionate community bankers who have dedicated themselves to advocating for the industry they care so deeply about. Treasurer Sarah Getzlaff, CEO, Security First Bank of North Dakota, New Salem, N.D. By Molly Bennett. ICBA executive committee (from left). Covington, Ind. Middlebourne, W.Va.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

JUNE 29, 2020

The Emerging Payments Association (EPA), an industry trade group, urged the FCA to lift its Wirecard freeze as soon as possible. “We We predict dozens of corporate failures, hundreds of job losses and significant reductions in tax payments, unless it is removed right away,” the EPA said in a letter to the FCA, Reuters reported.

Taxes 223

Taxes Report Financial Technology Digital Banking 223

Chris Skinner

MAY 21, 2017

As a result, I can easily call my partner and tell them I’m on a business trip to stay with my … Banks’ leadership teams are fatally flawed I was chairing a conference with various speakers, when Gartner Group stood up and talked about their annual bank survey. They were depressed. This felt familiar.

Survey 185

Survey New York Leadership Conference 185

PYMNTS

JULY 31, 2017

Regulators are reportedly inquiring about how a lawyer for wealthy customers of Wells Fargo came to access so large a trove of customer information. Regulators have reportedly informally reached out to the attorneys involved in the lawsuit underlying the release of information to figure out how the data breach happened.

Taxes 100

Taxes Data Security Report 100

PYMNTS

JANUARY 29, 2018

Drug Enforcement Administration’s rule, which has prevented federally regulated financial institutions from providing services to marijuana companies in places like California and other states in which the drug is legal. Paying your taxes with duffel bags full of cash isn’t safe or efficient for anyone involved.”.

California 112

California San Francisco Taxes Conference 112

PYMNTS

MARCH 4, 2019

According to a report in Reuters , citing Finnish broadcaster Yle, which had access to leaked documents, the money came from companies registered in countries with tax havens, including the British Virgin Islands, Panama and Belize.

Virgin Islands 116

Virgin Islands Taxes Regulation Regional 116

PYMNTS

JULY 5, 2018

Reports are surfacing that, since the European Union’s General Data Protection Regulation took effect on May 25, customers exercising their rights under the law are contacting companies with questions about how their online data is being handled, and to request copies of that data. Breathing Room. Brazil Law?

Regulation 102

Regulation Data Exercises Online 102

PYMNTS

JUNE 15, 2018

In the Middle East , RAK Bank has said it will offer Sage accounting software to business banking customers, in an agreement that helps those firms manage value-added tax (VAT) compliance mandates. The software firm, Sage, has had five of its accounting offerings focused on VAT, accredited by the UAE Federal Tax Authority.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

NOVEMBER 11, 2019

The company’s blockchain chief Yige Cai revealed last week that the Hong Kong Securities and Futures Commission (SFC) has approved a new license, and that the company is setting up a team to support the platform. Tencent has announced that it will launch a blockchain-based virtual bank.

blockchain 109

blockchain Bitcoin Capital Taxes 109

PYMNTS

JANUARY 23, 2017

Businesses face mounting risk thanks to things like geopolitical uncertainties and regulation but are also threatened by something as seemingly arbitrary as group chat platforms. 40% more cyberbreaches impacted U.S. businesses in 2016 than the year prior, found CyberScout. The report found that more than half of these breaches (55.5

Survey 100

Survey Taxes Groups Analysis 100

PYMNTS

NOVEMBER 12, 2018

According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. The government has told residents that the token must be used for anyone who would like to secure a passport.

Marketing 179

Marketing cryptocurrency social media blockchain 179

PYMNTS

DECEMBER 20, 2017

Securities and Exchange Commission (SEC) has suspended trading for The Crypto Company shares until Jan. The digital currencies market has ballooned from $17 billion at the beginning of the year to a more than $600 billion valuation now, and regulators are issuing new concerns about a potential bubble. According to Tuesday (Dec.

Bitcoin 101

Bitcoin Company cryptocurrency Regulation 101

PYMNTS

MAY 9, 2016

The Obama administration is cracking down on money laundering and tax evasion tactics. Treasury and Justice departments also indicates that the groups would coordinate with local law enforcement in order to track money laundering and corruption activity. Gaps remain in our laws that allow bad actors to deliberately use U.S.

Taxes 100

Taxes Conference Course National 100

PYMNTS

APRIL 2, 2018

Here in the United States, tax season looms, of course, which may put additional pressure on cryptos. The specific directive from William Galvin, the state’s head securities regulator, commands that those firms abandon the sale of what have been termed “unregistered securities.” The firms named include Mattervest, Inc.,

United States 110

United States social media Arizona cryptocurrency 110

PYMNTS

APRIL 18, 2016

Ant Financial — the finance affiliate of Alibaba Group Holding Ltd. — Zhejiang Ant Small & Micro Financial Services Group Co. Securities and Exchange Commission. percent of the finance arm’s pre-tax earnings until it acquires the stake, the filing said. Alibaba has perpetual rights to 37.5

New York 100

New York Taxes Maine Groups 100

PYMNTS

JANUARY 10, 2018

The blockchain hype certainly hasn’t risen without catching the attention of regulators. Reports noted the efforts echo those seen in Nevada, with one bill that aims to “prohibit cities and villages and counties from taxing or otherwise regulating the use of distributed ledger technology.”. Regulatory Moves.

blockchain 101

blockchain Nebraska Bitcoin cryptocurrency 101

PYMNTS

MAY 18, 2018

B2B startups in the small business banking, expense management and analytics sectors led this week’s investment roundup, securing more than half of the $108 million raised. But it’s a startup in Africa that not only secured the largest investment round of the week, but set a new record in the process, raising $47.5

Fintech 134

Fintech blockchain Analytics Capital 134

PYMNTS

FEBRUARY 21, 2018

It’s surprisingly common for the information settlement mechanism like SWIFT to be on a separate ledger from the payment settlement mechanism, which is the system more likely to be scrutinized by the bank’s internal controls, as well as the various audits, including inspection by regulators.”. “In On the federal level, the U.S.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

MAY 29, 2018

The latest episode had French President Emmanuel Macron telling executives from major technology companies — including Facebook, Microsoft, Intel and IBM — that innovation needs to be accompanied by tough regulations and societal contributions. “I Don’t worry, though — the Americans can give as good as they get. million.

social media 100

social media US Regulation United States 100

PYMNTS

MAY 4, 2016

“[The government is] interested in protecting the content that the Chinese people see, policing its national security and favoring indigenous giants, such as Huawei, Alibaba and Tencent,” Daniel Rosen, founding partner of China-specialized economic advisory firm Rhodium Group, told The New York Times. percent tax.

Taxes 100

Taxes Retail Branding Apple 100

PYMNTS

APRIL 1, 2019

Many marketplaces act as go-betweens for firms looking to hire remote or freelance workers by offering time-tracking options to ensure correct payments, payment transfers in various currencies, communication and collaboration options, tax estimates or compliance help, healthcare options and other work-related issues.

Payments 183

Payments Survey Online Company 183

PYMNTS

JUNE 14, 2018

Research from Auriemma Consulting Group estimates that identity theft has cost banks at least $6 billion, and cost consumers $58.9 Business identities can be used to open card accounts, initiate wire transfers or commit tax fraud. million, in 2016 alone. with more than 16,800 victims recorded in 2016. .

Fraud 109

Fraud Taxes Resources National 109

Abrigo

FEBRUARY 18, 2015

Accountants : Certified Public Accountants who are members of the AICPA must follow the standards developed by the group: The AICPA’s Statement on Standards for Valuation Services No. SSVS1 applies to financial reporting appraisals as well as other types of valuations, including tax, divorce, disputes and ESOPs.

Examples 150

Examples Taxes Industry Resources 150

Jeff For Banks

JULY 6, 2013

It called for the establishment of USA Retirement Funds to re-establish pension funds as part of the three-legged stool of social security, pension, and personal savings. government controlled or heavily regulated. The employee can save all of the needed savings tax deferred. that reads. Also, Uncle Sam picks up part of the tab.

Community Bank 106

Community Bank Community National Iowa 106

Insights on Business

MARCH 25, 2019

Without regular updates and feedback from regulators as well as other leading financial institutions, banks may be unknowingly opening themselves up to heightened risk. Using a methodology developed by Promontory Financial Group , the solution ensures consistency and accuracy applying risk rating best practices on a global scale.

Compliance 98

Compliance Taxes United States Data 98