Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

PYMNTS

DECEMBER 1, 2020

France has long been angling to levy digital taxes, although such moves have become a bone of contention with the United States and have faced significant delays. But this fall, pressure has begun to build in the European Union to simply impose digital taxes even without an agreement with the United States.

Taxes 130

Taxes National United States America 130

PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

Regulation 129

Regulation social media cryptocurrency United States 129

PYMNTS

JULY 5, 2019

The Bank of Japan ( BOJ ), Japan’s central bank, has joined in with other regulators and officials around the world in its worry over Facebook’s proposed cryptocurrency Libra , according to reports. . The bank is worried that the currency will be difficult to regulate and that it could potentially harm the existing financial system. “It

Regulation 102

Regulation cryptocurrency United States Policies 102

Abrigo

JANUARY 17, 2024

FinCEN data shows that human trafficking in the United States takes place in a wide variety of industries—hospitality, agriculture, janitorial services, construction, restaurants, domestic work, and so on.

Training 259

Training Community Software Texas 259

CFPB Monitor

JULY 8, 2022

Department of Education recently announced proposed regulations designed to expand and improve the major student loan discharge programs authorized by the Higher Education Act. But that is precisely what the Department’s proposed regulations would do. The Department’s proposed regulation constitutes administrative overreach.

Regulation 78

Regulation West Virginia Virginia Study 78

PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. That’s according to the U.S. In the report from the U.S. The terrorist threat, in particular, represents what the report termed “the first raindrops of an oncoming storm.”

cryptocurrency 206

cryptocurrency United States social media Regulation 206

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4010 – Temporary Hiring Flexibility. Section 4011 – Temporary Lending Limit Waiver.

Regulation 122

Regulation United States Community Bank National 122

Perficient

MARCH 3, 2022

Federal bank regulators work together to design Comprehensive Capital Analysis and Review (“CCAR”) stress tests that are designed to ensure that even in the case of a severe recession, significant banks can lend to households and businesses. As repeated by federal bank regulators, the required economic scenarios are not forecasts.

Capital 294

Capital Regulation Exercises United States 294

PYMNTS

FEBRUARY 9, 2018

The world’s first ICO regulations are coming, care of Gibraltar. The rapid global proliferation of initial coin offerings has become an issue of mounting concern among regulators and central banks around the world – in particular, the growth of ICOs has fueled massive growth in the cryptocurrency market in general.

Regulation 106

Regulation cryptocurrency United States Security 106

PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. The central bank of India wants more stringent regulations for large shadow lenders.

United States 217

United States Regulation Payments Lending 217

PYMNTS

AUGUST 29, 2017

federal and state laws require financial institutions to set policies and procedures to detect and prevent illicit money transfers, including screening customers and reporting suspicious transactions to regulators. courts and that there will be no “material impact on HBL’s business outside of the United States.”

New York 102

New York Regulation Compliance United States 102

PYMNTS

JULY 16, 2018

New rules may loom for technology providers pertaining to privacy — on a national level. In another nod toward privacy, Microsoft wants to see government regulation of facial recognition technology. Think of it as a race to the bottom, they stated. Bloomberg reported that the top 10 regulated banks in the U.S.

National 100

National California Regulation United States 100

PYMNTS

JULY 9, 2020

A new rule from the United Nations will require connected cars sold in Japan, South Korea and the European Union, among other places, to be protected against cyberattacks, The Wall Street Journal (WSJ) reported. Japan said it would begin implementing the rules next year, and South Korea plans to introduce some regulations this year.

Security 146

Security United States Guidelines Texas 146

PYMNTS

SEPTEMBER 17, 2020

Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States. There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it. But they have grown in popularity in markets that are not stable.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

PYMNTS

JANUARY 13, 2021

Plus, the United Kingdom and the European Union are set to begin discussions on financial services sector regulation now that Brexit has been affected. Airtel runs throughout 18 nations in Africa and South Asia with a mobile network that covers over two billion individuals. 26, according to the report.

Video 130

Video United States Mobile Payments 130

PYMNTS

NOVEMBER 23, 2020

A recent report released by the United Nations found that 132 out of 194 countries have now introduced data protection regulations of some kind, all varying in terms of what type of information they protect and the severity of their restrictions. Around The Data Protection World.

Industry 298

Industry Regulation Data Study 298

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. Think of the message you're sending to repeat offenders.”.

Report 279

Report North Carolina United States New York 279

Perficient

NOVEMBER 22, 2022

Members of the Army and Air National Guard, provided they have been called to respond to a national emergency and their period of active duty is more than 30 days in a row. Active duty commissioned officers of the Public Health Service or the National Oceanic and Atmospheric Administration. All active-duty Reserve personnel.

National 275

National United States America Lending 275

PYMNTS

JANUARY 7, 2021

The World Health Organization (WHO) is warning that Europe is likely entering into the “acute” phase of the COVID-19 pandemic as nations scramble to quell the latest surge in infections. 6), Moderna’s COVID-19 vaccine was approved for use in the European Union’s 27 member states. in particular, has been extremely hard-hit.

National 195

National Regional United States Policies 195

PYMNTS

JANUARY 15, 2021

The Office of the Comptroller of the Currency (OCC) released a finalized rule on ensuring fair access to banking services from large national banks, federal savings associations, and federal branches and agencies of foreign bank organizations, according to a press release.

United States 216

United States National Community Meeting 216

Abrigo

FEBRUARY 6, 2020

foreign policy and national security goals to secure the global financial system and protect the United States from the threats of terrorism, human and drug trafficking, and economic damages. If you have questions about sanctions compliance or new regulations, contact us or another member of our risk advisory services team.

United States 195

United States Compliance Strategy National 195

Abrigo

JANUARY 3, 2024

Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a new regulation on the requirements, including how AML staff will access the information through a new federal beneficial ownership information (BOI) registry. This is in line with the current CDD regulations. Effective Jan. More is expected on this later.

Fraud 221

Fraud Regulation Report Compliance 221

CFPB Monitor

MARCH 26, 2020

issued on March 21 , the New York Department of Financial Services (DFS) has adopted new regulations to provide emergency relief to individuals who can demonstrate financial hardship as a result of COVID-19. The new regulations were promulgated as Part 119 to Title 3 of the New York Official Compilation of Codes, Rules and Regulations.

Regulation 88

Regulation ATM New York Cards 88

Abrigo

NOVEMBER 21, 2019

The US is at a disadvantage without a national beneficial ownership registry. . This was long before the United States passed legislation in 2018 to unveil the secrecy of legal entity ownership. Is a national beneficial ownership database in the works? BSA Rules and Regulation. BSA Rules and Regulation.

United States 195

United States Regulation National Taxes 195

Abrigo

APRIL 6, 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. On April 1, 2022, new computer-security incident notification requirements for banks and their service providers take effect in the United States.

Security 195

Security Regulation District of Columbia United States 195

PYMNTS

JANUARY 13, 2021

With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association. The OCC conditionally approved the charter, meaning Anchorage had to agree to comply with certain capital and liquidity requirements, as well as the OCC’s risk management rules, the release stated. “The

South Dakota 131

South Dakota Digital Banking Bitcoin cryptocurrency 131

PYMNTS

OCTOBER 19, 2020

Regulation. Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. The new regulations would also reshape the manner in which these companies collect and harness information.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

AUGUST 22, 2019

Any addresses deemed to be associated with foreign narcotics operators are added to the Specially Designated Nationals (SDN). Treasury Secretary Steven Mnuchin has said that his department will use “very, very strong” regulations to ensure that bitcoin and other cryptocurrencies don’t become “the equivalent of Swiss-numbered bank accounts.”.

United States 116

United States cryptocurrency US Bitcoin 116

PYMNTS

SEPTEMBER 18, 2019

Before it publicly released its plans for Libra, Facebook met with the Finance Ministry, the central bank and regulators in the U.K. Facebook, when it announced Libra, said it had met with officials both in the United States and overseas. . Money, he said, will “strictly remain the province of sovereign Nations.”.

social media 100

social media cryptocurrency Regulation United States 100

PYMNTS

APRIL 14, 2020

Gig workers’ rights and benefits — including healthcare and access to unemployment — have become key topics debated by regulators in th e United States as they work to figure out how to provide support. and other countries is the way consumers and regulators th ink about it.

Regulation 285

Regulation Examples United States National 285

PYMNTS

JUNE 16, 2020

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. In addition, National Cyber Security Alliance Executive Director Kelvin Coleman said in his testimony that Congress “should consider making game-changing investments in cybersecurity awareness and education.”

US 227

US Cyber Security Security National 227

Abrigo

JULY 16, 2021

Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. FATF is the global watchdog for AML/CFT activity, and it is important to note that the United States shows full support in global efforts by their recent priorities release. How to prepare. financial system.

Community 195

Community Regulation Training Policies 195

PYMNTS

APRIL 2, 2019

The United States, with quick moves by government officials and telecommunications carriers, has moved to the front of the global 5G race, according to reports. However, it does struggle in two areas: mid-band spectrum and national strategy. The wireless industry association CTIA released a report that said the U.S.,

US 160

US Policies United States Leadership 160

Abrigo

MARCH 3, 2023

Fraud, including check fraud, is the largest source of illicit proceeds in the United States and is one of the anti-money laundering/countering the financing of terrorism (AML/CFT) National Priorities. We can help you navigate changing AML/CFT and fraud regulations. Mail since the COVID-19 pandemic.

Fraud 195

Fraud United States Trends Software 195

Abrigo

JUNE 13, 2022

Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies. . Elder financial exploitation and elder fraud are serious crimes in the United States. According to the National Council on Aging (NCOA), this heartless crime is most likely under-reported due to victims' embarrassment.

Fraud 195

Fraud Training United States Survey 195

PYMNTS

MAY 21, 2020

In the United States, the digital dollar was floated in a draft proposal of one of the early stimulus bills. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation.

United States 244

United States Regional cryptocurrency Retail 244